This week on ‘Talking Money’ a regular segment on RTE Radio 1’s Drivetime show, Karl Deeter & Jill Kerby talked about how Irish people hold more cash than is healthy and what to do about it. Oddly, we are not that different from other countries in terms of property holdings but we are when it comes to cash preference.
This was our first time to do ‘Talking Money’ on RTE’s Drivetime Show, we looked at financial resolutions, how to make them simple, and most importantly, how to set them up so you actually implement them, the key is to take small steps and form habits rather than trying to do it all at once. Listen in to the clip to find out more!
We were asked to appear on the Marc Coleman show which was about credit, retail and the plethora of other topics he normally covers. It was fun, Marc was his usual self and we even had the chance to give him some of the rough treatment he so expertly deals out to others, if you aren’t familiar with the show it would be worth tuning in, it’s always a good time. In particular this Sunday the 14th where they will cover an entire show on the topic of homelessness.
We were asked by Morning Ireland to discuss homelessness and to iterate our view that the removal of bedsits which were a source of housing for people with low to no incomes was a mistake. Focus Ireland shared the view and made important points about their work being more than just putting roofs over peoples heads.
This week on Talking Money on RTE Radio 1’s ‘Drivetime’ show Karl Deeter & Jill Kerby discussed different aspects of Christmas and how you can save money during the festive season. Sticking to the simple ground rules of lists, sensible shopping and a few other tips will help the average person go into 2015 with less of a financial headache than they otherwise might have had!
On talking Money on the 24th of November we looked at the issue of mortgage arrears and the role of the Insolvency Service in terms of finding ways to get solutions with guaranteed end dates. There is a mismatch between the goal of banks and borrowers and it is resulting in solutions that often don’t work.
Last week on ‘Talking Money’ Mary Wilson spoke to Karl and Jill about ways to ‘beat the bank’. In an era of low returns and higher costs on credit and use of the financial system beating the banks becomes an important aspect of finances because of the amount of interaction most of us have with banks.
We spoke with Mary Wilson on Drivetime about the Budget 2015 announcements and agree that it wasn’t a ‘budget for builders’ because it was more like a budget for land bankers.
It was budget week and on ‘Talking Money’ we came up with a ‘fantasy budget’ which considered some of the things we might do if budgetary powers were in our hands. Some are far out, others are novel, some (like car tax abolition) are pragmatic, you can decide for yourself what you think!
On Today FM’s ‘last word’ show with Matt Cooper we were asked to discuss the issue of mortgages being capped for the loan to vlaue and the loan to income.
Robbie Kelleher of Davy Stockbrokers was also present and he presented some thoughts on why it was a good idea while Karl Deeter agreed that prudence is necessary but that there are better ways to achieve it than via a blunt policy instrument that will hurt about two thirds of first time buyers.