MoneyNotes

Oxford Physicist | Finance professional | Passionate about Financial Education | Write Financial Blogs | Money Talk and Better Living

[Josephine Cumbo @JosephineCumbo]

The UK's pensions minister is exploring ways for #pensions to be used for house deposits.

Guy Opperman said in a few years, many young savers in the UK will have more than £10,000 in their pensions, thanks to automatic enrolment, but not necessarily enough money for a deposit

[MoneyNotes @MoneyNotesUK]

This question keeps been thrown at me and more recently I had to address it again.

“I’ve just had a small windfall of £5,000, should I pay down my mortgage or top up my pension?”

What are your thoughts?

#pension #mortgage #finance

[MoneyNotes @MoneyNotesUK]

Enjoyed doing this interview to celebrate #blackhistorymonth  @uniofoxford @MansfieldOxford @oxfordblackalum

There are a lot of black brilliant minds out there. We will continue to encourage them to apply to one of the best universities in the world.

https://t.co/fRnq8hpCsr

[MoneyNotes @MoneyNotesUK]

Who else would have guessed paying off mortgages and family holidays rather than breast implants, facelifts and Winnebagos? https://t.co/UqEToOOYwb

[MoneyNotes @MoneyNotesUK]

So this was a tough one to share but i really wanted to highlight the impact a financial shock can have on any one of us. Here’s the story of mine https://t.co/yJeIly0app

[MoneyNotes @MoneyNotesUK]

Interesting read in @theipaper - financial independence and security are vital for overall wellbeing and if this means keeping finances separate surely this is for the best? https://t.co/EEnYJ0z48g

[MoneyNotes @MoneyNotesUK]

Life Two: What we used to call ‘retirement’ via @FT

Interesting piece on retirement or as the author calls it, #lifetwo

Obviously #financialeducation plays a role but there are also time and psychological factors to help transition from #lifeone
https://t.co/LJY1PhOPTO

[Helen Miller @MsHelicat]

TIMES main story #tomorrowspaperstoday

[rainchq @rainchq]

In the same study 72% of people who had received #financialadvice said it improved their finances.

What has your experience been? Do you prefer to keep it in the family when it comes to your money?
⁣⁣
*According to research by Foster Denovo on >2000 UK adults. ⁣⁣

[Robert Gardner @robertjgardner]

“the first rule of compounding is to never interrupt it unnecessarily.” Charlie Munger

[Claer Barrett @ClaerB]

3m households in UK spend more than a quarter of income on debt repayments. Campaigners and charities call on FCA to extend payday cap to all forms of high cost credit, to ensure nobody pays back more than £2 for every £1 borrowed: https://t.co/gtgyO30ejH

[MoneyNotes @MoneyNotesUK]

@JoeJGladstone Thanks for the suggestion, I’ll have a read. I’m interested in what you’ll suggest as an alternative.

Behavioural finance lends itself to a lot of finance literacy and education. Perhaps the approach to the education is what should be reviewed. Not the education itself.

[MoneyNotes @MoneyNotesUK]

Ok I’m a self-confessed maths geek but have never understood why we don’t make more room for #financialliteracy at school.

Imagine the difference it could make in areas like #pensions and #debt?

https://t.co/xjD64P567t

#financialeducation #investing #budgetting #savings

[MoneyNotes @MoneyNotesUK]

So I’ve fought the temptation to jump on any Neil Woodford bandwagon, but here are my thoughts on what positives we could all take from the event.

https://t.co/4wzKyMCUe8

#investing #savings #longterm #educationnotdeprivation #regularinvesting

[MoneyNotes @MoneyNotesUK]

..start. More needs to be done. As I’ve always said, such financial issues cuts across the actual finances into wellbeing and mental health impact.

[MoneyNotes @MoneyNotesUK]

Panorama, Easy Money, Tough Debt?: https://t.co/rJzpWsnC18

Payday loan interest rates are horrendous!

Apt comment @ClaerB, If somebody needs to take out a loan like this, what are the circumstances that’ve led them into debt. Government should be tackling issue from this end.

[MoneyNotes @MoneyNotesUK]

Most #debt spiral situations usually stem from emergency expenses for someone with a bad credit then leading to payday loans which is further exacerbated by loss of job or cashflow shock. The cycle then continues.

Capping interest on payday loans to no more than 100% is a good..

[MoneyNotes @MoneyNotesUK]

It took months to convince my wife to switch some of her cash #ISA to #Stocks & #Shares ISA.

Now that she’s invested she wants even higher returns 😳

#Investing shouldn’t be about extremes. Balance has to be struck between Return and Risk.

#FinancialEducation #Longterm

[MoneyNotes @MoneyNotesUK]

One of the biggest distractions from true financial education is the focus on #frugality - It sends us down a rabbit hole with limited upside.

How about focussing on #growth, #saving, #investing, personal development all with potentially unlimited upside.

#financialeducation

[Claer Barrett @ClaerB]

Pssssst... Guess who’s been making an @ftmoney video about investing for children, pegged on the imminent royal birth? @WarwickChing #RoyalBaby