YOUTUBE

Budgeting on Your Money Matters...with Ripon Ray

24% greater than on the eve of the financial crisis, Britons owe a total of £72.5bn on credit cards with £400m added to balances in November 2018 alone, according to the Bank of England. In such a mountainous backdrop, it's essential that regulators and the central government put financial education on top of the agenda for the well-being of communities who are struggling with money.

On Your Money Matters show, I have tackled this exact issue by interviewing Michelle Turpin Cope, Money Trainer. She personally struggled to manage her money once she resigned from her job as a nurse due to stress and depression. She had devoted her life caring for NHS patients. Once her savings ran out, she had to turn to state benefits; otherwise, would have been destitute. The luxury of spending money on a cup of coffee every day, without realising the impact this purchase would have on her finances, was really an issue for her.

Once she went on a money mentor training, she was forced to think about her spending habit. From then on her life changed forever because she was confronted with the psychology of spending. Financial planning or budgeting became the solution to her problem. This is why she has been passionate about budgeting and money management.
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Fuel Suppliers and Your Money Matters...with Ripon Ray


For a number of people, switching suppliers is not an easy task - the fear of changing can be very daunting,  not knowing where to research online, going through all the deals that are available and whether these deals are worthy of switching. 

This week I asked Angela Dietrich, a pensioner from East London, who had serious issues with her former fuel supplier, Npower, when she was thinking of switching. I asked: 'How did you manage to switch your supplier?'.

You can find her answer on Your Money Matters show! She also talked about how she was supported by local advice agencies, such as Toynbee Hall and Bromley-By-Bow Centre (BBBC), in order for her to get heard against a very big company, Npower, and to make a complaint against the company.

According to the Money Advice & Pension Service, in order to switch, you should always check Compare gas and electricity tariffs accredited by Ofgem price comparison sites.

Saving & Spending Wisely on Your Money Matters...with Ripon Ray


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 income! Selling them will declutter your personal space and your mind!

Housing & homelessness on Your Money Matters...with Ripon Ray


I would like to thank Marc Lancaster, Housing Policy Officer of Tower Hamlets Council, for coming on Your Money Matters show this week to explain to me about the rights and responsibilities of being a private, housing association or local authority tenant. He talked about the differences between Section 8 and Section 21 of the Housing Act 1988 (as amended) and how you can use the law strategically to protect yourself.

Current legislation protects a tenant's deposit. If it's not protected you can ask the court to make a judgement against your landlord to compensate you three times the amount due for breaking the law. 

He elucidated that local authorities also have a duty to support vulnerable tenants with advice and provide accommodation when they are at risk of homelessness.



Alternative lending on Your Money Matters...with Ripon Ray



This week, CEO of Fair Finance gives the listeners an overview of the alternative lending industry. Prior to taking on the role of CEO, Faisel Rahman worked for the World Bank and Grameen Bank. He  subsequently set up a microfinance service in East London, a debt advice project for local residents and founded Fair Finance in 2005.  He speaks to me about the role of payday lenders, credit unions, peer-to-peer and other ethical lending.



I also had the opportunity to hear views from the members of the public as to what you think about alternative lending. If you have any money related ideas that you want me to cover just send me a message on www.commmunitymoneymatters.com


Your Money Matters...with Ripon Ray (19/02/2018)


Pension: Since auto-enrolment began in the UK in 2012, we are beginning to properly save for our retirement. On this show, Robert Parker - Chair of the Personal Financial Society - talks about the differences between state and private pension, risks that are involved with investing in stocks and shares and many more issues related to your pension.

Universal Credit: How do you apply for such a benefit? What is the condition for applying? What is included as part of the claim and what does it not include? I talk about all the above issues and more. If you want to find out more about my work: www.communitymoneymatters.com

Thursday, 14 February 2019

Your Money Matters...with Ripon Ray (12/02/2019)




This week, on 12 February 2019, I talk about the cost of being a student. It's a well known fact that the life of a student involves getting into debt: you have to get a loan from the Student Loans Company, an overdraft or a loan from a bank. Maybe, your parents are the bank by default. If you plan ahead you may find ways to minimise debt accumulating. It does involve preparation, preparation and lots more preparation. If you plan early on you could sail through with comfort. For some of you getting a part time job maybe inevitable. Why not try at your university or places near where you study to ease the financial pressure and save time?

On this weekly show you can find out potential grants, scholarship and bursaries available for your course and how can get hold of these benefits. You might be able to get grants by searching on Turn2us.org.uk or individual employers may have funds. Budgeting money would also take you a long way. How do you budget? If you start budgeting now you may already have started to develop the skills to become an accountant or a banker. There is more. You just have to listen (and watch) my show and find out. If you want to find out more about my work, check here: www.communitymoneymatters.com
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Monday, 4 February 2019

Your Money Matters...with Ripon Ray - Hire Purchase Agreements

This time I talk about hire purchase agreements. What does a hire purchase agreement mean to you? How does it work ? Will you pay too much on the agreement? Before you decide whether you want to enter into such an agreement, you need to find out what it means.


On this show you will find out how it works, ways to get hold of cheaper agreements and what happens when break such an agreed term.


Saturday, 26 January 2019

Your Money Matters...with Ripon Ray

Nick Fleming, Caseworker from the Royal British Legion,  joins Ripon Ray on Your Money Matters show to talk about mental and physical challenges soldiers of the  armed forces experience on and off the battlefield, and the financial problems many of these men, women and their family members experience.  This show gives you an insight into the lives of soldiers, their families and how they are being supported by the national charity. 


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