Free and Figuring It Out
#124 | Figuring Money Out | Savings and Mortgages with Lisa Conway-Hughes (Episode 3/5)
FIGURING MONEY OUT 5 part mini-series
Episode Three Savings and Mortgages with Lisa Conway-Hughes
Lisa Conway-Hughes is a Chartered Financial Adviser and a Fellow of The Personal Finance Society. Lisa joined the financial industry 15 years ago.
Lisa, also known as Miss Lolly, writes, speaks, tweets, and blogs on all things money related. Lisa is passionate about making financial education open to all and loves taking the jargon out of the financial world.
Lisa is the author of Money Lessons and features regularly as a media expert in the female press and newspaper as well as the BBC News.
A little bit of knowledge is all you need to make a start in getting your finances under firm control. Strong financial foundations will help you to enjoy the standard of living you want for yourself and your family, now and in the future. But money matters are forever changing, just like your financial priorities, which means you need to be continually learning – and that’s what misslolly.com is here for.
In this episode we discuss:
Why we should be saving (1.30)
Where should we put our savings? (3)
How to become a saver without actually trying (3.20)
Premium Bonds explained (5)
Can I open a savings account with a different bank? (7)
Building the internal dialogue of “I am a saver” (9)
Saving goals (9.45)
Saving fast vs saving slow (12)
ISAs and LISAs - tax-free but capped (14.15)
Personal savings allowance (16)
Bonuses (25% up to £4k PA) with ISAs and LISAs (17.40)
Level of tax you pay; understanding where is best to put your money (19)
Stop fearing people in the financial world (22.45)
Feeling empowered as a woman with money (24)
At what point should you start working with a financial advisor? (27.30)
Financial advisors are not scary but choose the right one (29.30)
A checklist for choosing a financial advisor that’s right for you (31.30)
Mortgages; where to start? Employed vs self-employed (35)
It’s more than just buying the bricks - you need somewhere to sit (37.30)
Using mortgage brokers instead of just going straight to your bank (39)
Mortgage plans and remortgaging (41)
Lisa advising Verity on buying first property after 35 and how this affects retirement (43.20)
Working out the maths on a mortgage (45.20)
Connect with Lisa
Money Lessons {book}
Ladies Finance Club Membership
Resources mentioned
Coventry Regular Savers Account
The Automatic Millionaire {book}
Have some feedback, a question you would like us to answer or a topic suggestion?
Drop us an email at freeandfiguringitout@gmail.com
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Your hosts are...
Charelle Griffith (she/her), 32, is a marketing strategist for coaches and consultant, and founder of PropelHer (an online platform and book club for ambitious women). Connect with Charelle on Instagram.
Verity Brown (she/her), 34, is a northerner, proud queer woman and the founder of The Authentic DatA Revolution (tadar.org) Connect with Verity on Instagram.
Disclaimer: All information provided by Free and Figuring It Out is for informational and educational purposes only and does not constitute financial advice. Free and Figuring It Out provides general information only and does not provide individual advice. For individual financial advice about your circumstances, please refer to an independent financial advisor.