Personal Finance: How To Save Money Between Now And Christmas
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What is the main topic discussed in this episode?
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We're gonna kick things off with personal finance. Charlie Weston's with me, Charlie, how you keeping? Hi Will, how you doing? Um there's plenty for us to talk about. And you know what I saw the first thing when the email came through but we're gonna be talking about today? I saw the word Christmas and I thought the run up to Christmas that feels a long way away. And then I realised, you know what, we are in the first week of September and people are probably thinking about the plans right now.
They are.
What is the two‑thousand‑euro Christmas savings challenge and how does it work?
I'm sorry to mention the C words. It's so early in the year, but y they probably are thinking about it. And look at it, it could be expensive. You know, energy prices are are going up, food prices. So people maybe, maybe it might be a good idea to set themselves a little challenge and see if they can save some money, see if they can You know, g get their finances on a better footing, maybe, and and uh just just w work your way towards saving a few bob. Look, the way it was put in Sunday Independent by my colleague Gabrielle uh Monahan was you could save two thousand euros. She called it the two thousand euro challenge. Try and just cut down your spending. Uh you know, do things like um track your spending uh in uh even have the odd no spending.
N day where you just don't have takeaways. You don't go out and buy um Uh
two takeaway coffees in one day.
Exactly. You don't go to a restaurant that day, you don't have hair hair and nail appointments, for example. Uh you know, and uh a few of those here and there are a great idea, you know. It just it just may means that you think about your spending a bit, and you just you you you you cut it back a bit. But there are loads of things you can do. Make sure you claim whatever tax you're due. Make make that a priority. Like, you know, we're coming into longer evenings. Maybe sit down one one evening and get into go onto my account, the revenues uh uh uh service and see if if you can't just claim if you bob for the likes of medical expenses, mortgage interest rates, uh relief, remote working, rent, uh there's a rent credit, there's flat rate expenses, there's a whole host of
Things you might not be claiming. And revenue have told me in the past that people who do claim there's usually about a thousand euros there for those kind of people who are not making those kind of
uh claims. Probably something that people need to maybe check out and just get information on too. Because I'd say for a lot of people who leave money on the table when it comes to this, they probably just don't know what they're actually entitled to claim back on.
They don't, yeah. And look, there is good information there. You know, the likes of citizens' information, how it it's it's an easy to negotiate website. I wouldn't recommend going near a revenue website. It's a bit complicated. It's written for tax practitioners,
I often think. It still feels very old fashioned as well, if anyone in their IT department's listening to us.
It yeah, exactly. It is old fashioned. No, they're very helpful if you ring them. I'll say that for them. They are very helpful. But look at you may well be be owed money. But it's not just that. Do the other things. Do the basic things that we don't do and we talk about it all the time. Switch energy supplier. That is going to become a key one.
Yeah.
Um because we are seeing wholesale energy prices, European wholesale energy prices are at a three and a half year high. So look at as sure as night follows day, we are probably going to see more price increases for gas and electricity in the coming while home heating oil as well. So Make sure you are switching tiny numbers of people actually switching. Less than
thirty thousand people maybe, you know? Is it because people kinda get into a habit and I have a provider and that's my provider, so therefore I'm not gonna look elsewhere. It's it's it's
It's inertia, but look at it, it's the easiest one to you to to to switch.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–0:28
2
What is the two‑thousand‑euro Christmas savings challenge and how does it work?
0:28–5:09
3
How can you maximise tax refunds and credits before the holidays?
5:09–8:34
4
Why is switching energy suppliers the easiest way to save money now?
8:34–10:32
Speakers
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