437 episodes

What you need to know about money each week and what the news means for you, from the UK's best financial website.

This is Money Podcast This is Money

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What you need to know about money each week and what the news means for you, from the UK's best financial website.

    Will rates keep rising and are cash Isas a good option again? Savings special podcast

    Will rates keep rising and are cash Isas a good option again? Savings special podcast

    Rising bills and the cost-of-living crisis are forcing many to dip into savings pots, if they have one to begin with.

    At the same time, with base rate rising to try and curb inflation, savings deals have become far better than they have been in the last decade.

    This week, Georgie Frost and Lee Boyce are joined by a special guest: James Blower, AKA The Savings Guru, who gives his take on where savings rates are heading next.

    With lesser known challengers paying the best rates, how do you know they’re any good? And should you fix now or wait?

    He explains how savings rates set, why big banks are slow to pass on base rate movements and with savings deals improving, James explains why a cash Isa might be a good home for your money once more.

    Elsewhere, times are tough with plenty of misery on the horizon thanks to rising energy bills. Latest predictions suggest the price cap could land somewhere between £4,000 and £5,000 a year.

    Much has been said this week about households, but what about businesses which are slowly being crushed under the weight of rising costs?

    Not protected by an energy cap, some hospitality bosses are said to be considering closing down due to unprecedented energy bills while three quarters are thinking about reduced opening hours.

    And with household prices set to soar, a Don’t Pay UK movement has grown suggesting cancelling direct debits – but is that a wise idea?

    • 59 min
    Why is the Bank of England raising interest rates into a recession?

    Why is the Bank of England raising interest rates into a recession?

    The idea of the Bank of England raising base rate by 0.5 percentage points at the same time as warning about a long and painful recession would have been unthinkable a year ago.

    But things have dramatically changed and central banks are desperately trying to get a grip on runway inflation that just seems to keeo getting worse.

    Base rate has risen from 0.1 per cent in December to 1.75 per cent now and is set to keep climbing, but why trigger a recession to get inflation driven by outside forces under control.

    On this podcast, Georgie Frost, Tanya Jefferies and Simon Lambert discuss the rate rise and potential recession and what it means for borrowers, savers, the economy and our financial near future.

    Also on this episode, how can you prepare for the mortgage crunch as rate rises hit homeowners and Simon gives his tip on how to take the temperature of the property market... by looking at what's not selling.

    And Tanya gives an update on two important pensions issues: women's lower retirement savings and how to keep more of your pension pot out of the taxman's clutches.

    • 52 min
    Out of the holiday loop? Our overseas summer travel special - top tips for a successful trip

    Out of the holiday loop? Our overseas summer travel special - top tips for a successful trip

    This summer has seen travel demand rebound and for many, it could be their first overseas jaunt since before the pandemic.

    For that reason, there may be some rusty holidaymakers out there. But fear not, Lee Boyce, Helen Crane and Georgie Frost are at hand to help get you in the holiday mood (kind of).

    They talk about what you need to think about before a trip, from sorting out your passport with plenty of time to why it is imperative to have good quality insurance. It may not be sexy, but it is vital.

    Then, while you're away, what to think about in terms of spending money and little tips and tricks to save cash.

    We also ask if the days of cheap flights are over thanks to fuel price rises, whether chickenpox just before you go away means an automatic refund and more pearls of wisdom from decades of travel experience.

    Elsewhere, there are dire pension warnings linked to inflation. A new study believes that fewer than two in five households will be on course for a decent retirement due to the soaring cost of living. What can be done about it?

    And a large factor of that soaring cost of living is energy bills. Next month, we'll fully know just how high the price cap will head.

    Many are facing bill rises that they simply cannot afford. One part of the cost that is a real bugbear for many are standing charges. What are they and why can they not simply be cut?

    • 55 min
    How I became financially independent: An interview with The Escape Artist

    How I became financially independent: An interview with The Escape Artist

    In this special bonus This is Money podcast interview, Simon Lambert speaks to Barney Whiter, whose The Escape Artist blog helps others to try to achieve the same financial independence he has.




    Barney tells Simon what financial independence means to him, relates how he got there and his successes and mistakes along the way, gives some tips for budding FIRE savers, and explains why he still choses to do some work.

    • 11 min
    Could you save enough to get financial independence?

    Could you save enough to get financial independence?

    Financial independence and retiring early sounds great, but could you sacrifice enough of your spending to get there?




    The so-called Fire movement involves living a frugal live, saving as much of your income as possible – 50 per cent or more – and investing to build a pot to retire early on.




    Ideally, this needs to be 25 times your annual spending requirements, so that you can follow the 4 per cent rule on how much of your pot you spend each year.




    Advocates of financial independence will tell you that this requires giving up much of our modern-day consumer lifestyle but that it’s worth it in the end, as they can then live their lives on their own terms.




    Could you do this and would the This is Money podcast’s Georgie Frost, Lee Boyce and Simon Lambert be able to stomach the hardcore budgeting and saving it requires?




    On this podcast, the team discuss financial independence, its attractions and the drawbacks of getting there.

    And don't miss our second special bonus podcast this week, where Simon speaks Barney Whiter, of The Escape Artist blog, who helps others to try to achieve the same financial independence he has.




    Also, on this week’s podcast, inheritance tax is catching more people in its net, what can you do about that and is it time for the tax to change?




    Plus, why inflation is causing problems for the national debt and should a reader use a £60,000 sum sitting in a low rate cash Isa to pay off some of their mortgage?

    • 1 hr 1 min
    What would you teach someone about money?

    What would you teach someone about money?

    • 1 hr 1 min

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