As we head into a New Year, it’s important to revisit our relationship with money.
What I’ll share with you in this episode isn’t personal finance or investment tips, but a series of 7 questions you need to ask yourself to change your relationship with money.
Set aside some time to ask each of these, with your spouse or partner if necessary, and consider how your relationship with money could improve as a result of better understanding of each of these areas.
Useful links mentioned in this episode
Personal finance news update
-The top paid executives had earned more by Wednesday this week than typical workers earn in an entire year. Dubbed ‘Fat Cat Wednesday’ in the press, the High Pay Centre think tank said it was an important reminder of the unfair pay gap in the UK.
-Levels of household debt have risen to the highest level since the global financial crash of 2008, according to the latest official figures. The Bank of England data has shown personal debt rising by 10.8% in the year to 30th November 2016, rising to £192.2bn.
-The government has claimed that thousands of homes for first-time buyers will be built this year. 30 different areas in England are due to receive funding from the £1.2bn “Starter Homes Land Fund” for new property developments on brownfield sites.
-More than a million over-45s have fallen victim to email scams, according to Aviva’s latest Real Retirement Report. The report also also highlights that the experience of being targeted via email is 22% more common among this age group than by phone.
-MoneySuperMarket’s annual insight into the nation’s financial stress levels shows over 11 million people cite daily money worries as their main cause of stress.
Get answers to your personal finance questions
Do you have a personal finance or investing question for Martin?
Email firstname.lastname@example.org or ask on Twitter @martinbamford.
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