We still have a long way to go to make sure the benefits system is as fair as it should be for people in poverty in the UK. By partnering with organisations like Community Shop, we hope to do more to break social isolation and help people with the dignity they deserve, to try and make sure they never need to use the foodbank again.
It has become even more apparent to me that my time is my money, and that our sense of identity is tightly linked to our concept of money and the value we place on our time and ourselves. If I spend so much time and energy making money, surely I should spend a significant amount of time managing my money?
Banks will do everything they can to entice you into taking out a student account with them. They'll offer of railcards, gift vouchers and even cold hard cash to win you over. It might seem tempting but you should weigh up whether or not those things will save you more money in the long run vs a better overdraft deal.
Financially we're okay from one month to the next. Except there's a list of things that need doing to the house as long as your arm. One by one we'll sort them out. When we do however, two more things appear on the list. Then there are the unexpected big expenses - for example three weeks before Christmas when the fridge freezer broke.
Encouraging more saving is a worthy objective that public policy should be looking to achieve, and this kind of measure will help younger people save for both of these events. However, like other recent initiatives, such as Help to Buy Mortgage Guarantees, or Starter Homes, they provide an attractive product for consumers now, but may prove much less helpful in the long-run.
Christmas is a special time for many families, when happy memories are forged and everyone comes together. Parents love to see their children's excitement on Christmas morning as they open presents under the tree. But living up to this vision can put parents under huge financial pressure as they struggle to find money to spend on gifts and a celebration.