Share Radio
Broadcast online from the UK on shareradio.co.uk
Managing My Money
Week 5: Savings and Investment - Part 1, Episode 9
Share Radio & Open University Business School
'The future, according to some scientists, will be exactly like the past, only far more expensive'
John Sladek
Welcome
to Managing My Money presented by Glen Goodman and Annie Weston
What are you saving for?
Major events
Lesser challenges
Things that change savings behaviour
Compare using the Annual Equivalent Rate (AER)
The magic of compound interest
Let your cash savings grow with interest, and interest on interest - but keep good care of your ID information!
Where should you save your money?
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How soon will you need it?
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Watch out for inflation eating away your savings!
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Review once each year
A Plethora of Choices
Note: rates shown are purely illustrative
Is your money safe?
- In the last resort, it's as safe as the Government decides it should be
- Split up larger balances to ensure Investor Compensation scheme cover
- Large temporary balances up to £1m (eg for house moves) are protected
- Note: the Investor Compensation Scheme does not cover Peer-to-Peer lending
Next:
Listen to Part 2 of Week 5 on Share Radio - then take the Week 5 quiz/test. As you take each week of the course, your results will build up on your personal dashboard.
Managing My Money
is broadcast by Share Radio and is based on the Open University Business School online course of the same name.
Your presenters are Glen Goodman and Annie Weston.
Managing My Money - Week 5, Episode 1
By Share Radio
Managing My Money - Week 5, Episode 1
These illustrations accompany the Managing My Money course broadcast by Share Radio, based on the Open University online course of the same name. This is the first episode of Week 5, which is entitled 'Savings and Investment'.
