One-in-three adults in England and Northern Ireland cannot work out the correct change from a shopping trip, according to new research from UCL Institute of Education (IOE) and University of Cambridge. With Such a shocking data financial education plays a huge part in overcoming such a challenge especially when you are on low income. Tanzila Zaman, Money Mentor at Money A+E, elegantly demonstrates where listeners can save money just being clever with your shopping habits. She highlights three things: 1. Having a goal for saving is essential e.g. holiday, paying for your first mortgage or honing your existing skills for your career progression 2. Planning your budget to make sure essential expenses are already have been secured. 3. Looking around for cheaper deals instead of just going with your instinct as you see things Tanzila does not shy away from talking about what’s in your wardrobe. There are clothes and other objects that you can sell to top up your inco...
Ripon Ray has worked in the debt advice sector for over 14 years. His work includes front-line advice & training, developing advice services, quality framework and working with regulators. He created template letters to develop confidence among those struggling with debts. He founded a series of podcasts to show the link between debt and other sectors by getting industry experts together.