UEL Alumni webinar - 28th August 2024
Finance Fixtory Webinar for the University of East London, recorded in August 2024. #financefixtory #financialliteracy #webinar #alumni #community #study #businessgrowth
Join our webinar to gain insights into Finance Fixtory and its benefits!
This video features a webinar masterclass from August 2024, hosted by Judith Jones, founder of Finance Fixtory, an organization dedicated to improving financial literacy. Throughout the session, Judith shares her professional journey, UEL alumni experience, and practical strategies for managing personal finances effectively.
Key Highlights:
Financial Literacy & Strategy: Judith emphasises that financial literacy is crucial for everyone, as it is often not taught in schools. She highlights the importance of having a positive mindset and a detailed, realistic plan to achieve financial goals (9:22-10:05).
Saving Money:
Travel: Advice on booking in advance for cheaper flights and using points/rewards systems like Expedia and Booking.com(19:05-20:36).
Food & Entertainment: Utilization of apps like Too Good to Go and Olio to reduce food waste and save costs, as well as finding discounted theatre and cinema tickets via Show Film First (22:15-28:25).
Banking & Credit:
Discussion on different savings accounts, including the *Lifetime ISA (LISA), for first-time homebuyers and retirement (31:12-32:20).
Insights into maintaining a good credit score, including the importance of paying off debts and managing credit cards responsibly (54:11-55:34, 1:11:23-1:13:09).
Managing Bills:Tips for reducing direct debits by negotiating with service providers, such as mobile or broadband companies (37:10-40:52).
Entrepreneurship Advice: Judith advises aspiring self-employed individuals to engage in networking, utilize university enterprise resources, and conduct thorough planning (59:11-1:01:20).
The session concludes with a Q&A segment where attendees discuss mortgages, general financial support, and home renovation cost-saving tips.
