'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

In the final episode of this ‘Family Matters’ season, Simon and Bex discuss various financial matters that have particular relevance and significance for hybrid families.Some key points of interest covered in this episode include the following:Simon explains the nature of hybrid families, noting that because they can be complex, their financial arrangements and issues can also be quite complicated. [00:48]From the outset, it is important to acknowledge and appreciate the previous experiences, including those relating to financial matters, that each couple brings to a hybrid family. [03:39]An option that can be worth considering is a prenuptial agreement – or, indeed, a postnuptial agreement – as each of these creates a formal structure and clear expectations that can provide reassurance and safeguards for each member of a couple involved in creating a hybrid family. [06:00]As ever, communication is a vital skill, and Simon recommends being as proactive, deliberate and specific as possible when talking about money. [07:54]In response to a question from Bex, Simon explains that merging and distributing assets within a hybrid family can be complicated. He goes on to stress the importance of understanding the full nature of the choices that need to be made, and of discussing them openly and thoroughly. [08:46]On a practical note, wills [10:55] and expressions of wishes for pensions [12:11] are two key ways of specifying how wealth should be distributed in the event of a parent in a hybrid family dying. Again, it is important to understand fully the details and consequences of the arrangements being put in place.A major challenge can be to treat all members of a hybrid family fairly when dealing with financial matters. [14:20] Sometimes, situations can be complicated by the different spending capabilities and behaviour of the parents involved in a hybrid family. In such cases, Simon recommends being open, honest, balanced and sensitive when talking to children about the situation. [15:49]Prompted by Bex, Simon goes into further detail about how wills, trusts, pensions and expressions of wishes can be used to bring clarity and fulfilment of previously stated wishes when a relationship ends, for whatever reason. [17:35]When it comes to foster children, it is important to know that they do not have automatic rights to inherit in the way that biological or adopted children do. Therefore, specific provision has to be stated, recorded and formalised in situations where it is desired that a foster child will benefit financially. [20:40]When summing up, Simon comments that because the financial affairs of hybrid families are very often complex, it can be helpful to seek assistance from a financial adviser or planner. Very often, a first consultation can be free of charge and will provide the opportunity to explore whether or not it is likely to be genuinely helpful to take up that option. [22:29]After a short break, up next on the podcast will be a bonus episode; and if you feel that you would have something to contribute to such an episode in the future, please get in touch with us as we are always open to receiving fresh input. [24:23]In closing, Simon invites listeners to spread the word about the podcast by all means possible, including making friends listen to episodes on long journeys! [25:09]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast.Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting.You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the penultimate episode of this ‘Family Matters’ season, Simon and Bex discuss ways of dealing with some of the financial matters that can arise when couples divorce.Some key points of interest covered in this episode include the following:Simon comments that while he lived through a divorce as a child and feels that it is a very important topic to cover in the current ‘Family Matters’ season, he is not a financial specialist in that area. [01:27]In response to a question from Bex, Simon explains that this episode’s discussion will focus on financial issues associated with marriages and civil partnerships coming to an end; cohabiting couples have different rights under the law, which fall outside the scope of this episode. [02:43]The first financial step to take once a divorce is in process is to identify relevant assets. This can be quite a complex task, partly because it can comprise so many different elements and partly because it is not always a straightforward matter to understand and identify the exact nature and value of items such as pensions. [04:57]Another complicating factor is that it is not necessarily the case that every possible asset belonging to each member of the couple will be deemed to be available for sharing. [06:39] In that context, it can be important to understand the following terms: (i) matrimonial property – wealth that has been added during the relationship [07:59]; (ii) non-matrimonial property – assets that have been brought into the relationship [08:57]; (iii) matrimonialised property - resources that have been brought into the relationship and have then been deployed in some way during it. [09:42]The process of valuing assets during a divorce can be complex and contentious. It can be difficult to arrive at agreed valuations, with pensions posing a particular challenge because of the tax and timing factors that need to be taken into account. [10:46]Prompted by Bex, Simon suggests that it is good financial planning for assets in a relationship to be allocated, as far as possible, to each member of the couple on a fairly equal basis so that each of them can have access to an emergency fund, for example. That kind of approach can also help to provide the basis of a fair arrangement, should wealth need to be divided as part of a divorce settlement. [12:32]When it comes to splitting assets, it can often be hard to know how best to deal with a property. The situation with a house can be difficult, if it is not being sold, as it cannot simply be divided in half, and the process of deciding what kind of price to place on it is also not entirely straightforward. [15:01]Whether or not assets should be divided completely equally is a legal decision. [17:11]Because of tax considerations, pensions can be particularly complicated assets to distribute. [18:22] As part of a divorce, pensions can be allocated in one of three ways: (i) pension sharing [20:04]; pension offsetting [21:38]; (iii) pension attachment [22:51].Generally, offsetting is the approach taken to dividing investments, but it can be important to understand any taxation arrangements that apply so that fair and balanced arrangements can be made. [23:47]Finally, Simon suggests that a collaborative approach to divorce, as described on the resolution.org.uk website, can have definite benefits, as long as both parties are on board with the process. [26:17]The final episode of the ‘Family Matters’ season will explore some of the financial matters that can affect hybrid families. [27:42]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast.Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting.You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the sixth episode of this ‘Family Matters’ season, Simon and Bex discuss how best to deal with financial matters arising from accident and illness factors that can affect families.Some key points of interest covered in this episode include the following:Simon describes the aim of this episode as being to help us to consider our options in light of the potential financial implications of various accident and illness events that can affect us and our families. [00:57]Simon suggests that the first area to explore should be insurance because it provides a means of preparing ourselves financially, to some extent at least, for unexpected changes in our circumstances. [02:29] He goes on to explain that insurance is a way of allowing a number of people to share risks together in a manageable fashion in order to reduce the impact of events that would otherwise have a very detrimental effect upon their financial situations. [03:12]When we are trying to decide what kinds of insurance we should take out, Simon suggests that it is helpful to establish a hierarchy of priorities so that we take out insurance options that are relevant and appropriate for our circumstances. [05:38] Illness insurance might, for example, be more important for a single person to have, compared with life insurance. [06:55]Simon suggests that most insurance decisions are heavily influenced by our emotions and that it can therefore be helpful to adopt an overview of insurance that appreciates the peace of mind that it can provide rather than focusing on the fact that it can end up being an outlay of finances without any tangible return. [08:52]Simon explains that a power of attorney arrangement can be an invaluable provision to have made when significant illness and accident events occur. It can be used in normal life - for example, to give access to a bank account while a spouse is overseas. However, its greatest benefit comes from its use to transfer decision-making powers (relating to finances, property and medical treatment) when someone has lost mental capacity and is no longer able to manage their own affairs. [10:45]A spouse or adult child will often be selected for power of attorney responsibilities, but a friend or trusted adviser would also be an appropriate choice. [12:12]There is no default power of attorney arrangement that comes into force If no such provision has been made, and this can lead to upsetting and expensive consequences for individuals and families. Simon therefore urges listeners to put a power of attorney arrangement in place sooner rather than later. [12:51]A power of attorney can be arranged through a solicitor in Scotland; in England, this can now be completed online. [15:14]The need for long-term care – caused by accident, illness or old age – can also have significant, unforeseen financial consequences. Professional advice can often be very helpful in such circumstances. [16:49] In addition, good family communication is vital in this area, so Bex and Simon encourage listeners to be proactive in raising financial matters in a constructive manner with other family members. [18:57] Simon reiterates that point in his closing remarks. [20:32]Bex invites listeners to share comments and questions through the usual channels: [email protected] via email and @whereyourtreasureispodcast on Instagram. [21:22]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast.Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting.You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the fifth episode of this ‘Family Matters’ season, Simon and Bex discuss ways in which we can prepare well financially for death.Some key points of interest covered in this episode include the following:Simon and Bex acknowledge that death can be a difficult topic to discuss but suggest that there are real benefits to be gained from talking about financial matters related to death in an open and honest manner. [00:34]In response to a question from Bex, Simon suggests that a key moment to start thinking about making preparations for death is when other people will be financially impacted by our passing. [03:49]The top priority when preparing our estate for death is to have a will drafted by a solicitor. Without that, things can become very messy and expensive. [05:41]Other preparations that can be very helpful include the following: lifetime cash flow modelling to predict future income and expenditure [09:15]; simplification and streamlining of bank accounts, pensions, investments etc. [09:53]; clear communication about what we have and where key information can be found [10:32]; updating details of our ‘financial footprint’ annually [11:47]; sharing accounts and transferring assets once it is clear that death may not be far away [12:20].Simon explains how a deed of variation can be a helpful tool that can allow beneficiaries of an estate to make changes to a will if they all agree to implement a new arrangement. [13:10]In connection with estate planning, it can be helpful to be aware that a will doesn’t include instructions regarding pensions [14:46] and that national laws can take priority on occasion, as is the case with the ‘prior rights’ of spouses and the legal rights of children in Scotland. [16:23]When it comes to the potentially complicated question of to whom should we give what when we die, Simon notes that there are many factors that may need to be taken into account. Ultimately, the decision is ours to make, but good communication will always be a vital part of the process. [17:35]Simon shares some thoughts on how wealth can be passed on to grandchildren, if desired. The use of a trust can be an appropriate and cost-effective way to do this, as inheritance tax can be avoided and the trustees can ensure that the right amount of money is passed on at the right time and in an appropriate manner. [21:09]Simon rounds off his comments by suggesting that if we can be well prepared for death, we will manage our financial arrangements in a manner that, potentially, will help to soften the blow of our death for our loved ones. [23:31]Next week’s episode will focus on dealing with financial matters related to accident and/or illness that can affect families. [23:55]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast.Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting.You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the fourth episode of this ‘Family Matters’ season, Simon and Bex discuss various financial matters that can arise from our interactions with members of our wider family.Some key points of interest covered in this episode include the following:Simon and Bex introduce the episode by explaining what they mean by ‘wider family’ [00:50] before going on to explain how their own circumstances have influenced their thoughts on the extent to which they might feel prompted, or not, to engage financially with members of their respective wider families. [02:46] and [03:34]A sensible starting point, as so often with financial planning, is to know the nature and extent of your own resources. [04:05]It can also be sensible and helpful to try to establish some kind of appropriate ‘hierarchy of needs’ when thinking about our wider family relationships, but a great deal of openness, honesty and thoughtfulness is likely to be necessary to achieve that outcome. [05:02] It can, however, be well worth going through that process if it leads to money being used as a tool for the benefit of others. [06:33]Another approach that can be useful when trying to decide how generous we can afford to be to wider family is to establish criteria and responses that can assist with the decision-making process – these could include, for example, the option of giving time, skills or practical support rather than money. [08:08]In response to a question from Bex, Simon shares some suggestions about how to communicate honestly, clearly and well in wider family contexts that can often be emotionally charged as a result of money being the subject under discussion. [12:02]Simon also draws attention to third parties which can provide financial assistance, information, advice and support: the Government (national and local), charities and the local church. [16:21]In his concluding remarks, Simon encourages us to be alert to the needs of those who do not have family or wider family available to support them. [19:55]The next episode, which will be published after a short mid-season break, will focus on dealing with death-related financial matters that can affect families. [22:13]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast.Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting.You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the third episode of this ‘Family Matters’ season, Simon and Bex discuss various financial matters that can arise from the interactions that we have with our parents, especially later on in life.Some key points of interest covered in this episode include the following:Simon and Bex start off by talking about the importance of establishing an updated, shared understanding when adult children and their parents discuss money matters. Pete Scazzero’s ‘Emotionally Healthy’ resources are very helpful in this respect, and our own season on ‘Talking About Money’ may also be of interest. [02:17]It can be helpful for an adult child to consider how best to broach the topic of money with a parent as it can be an emotive subject, and the motivation for raising it can sometimes be called into question. For their part, parents can often make the situation easier if they are willing to take the initiative and introduce a conversation on a money theme. [03:38]The principle of honouring and respecting our parents is crucial to this whole area, with the most desirable outcome being an ability to tackle issues collaboratively rather than combatively. [06:38]It can be a complete nightmare if financial affairs are not left in order, so Simon suggests ways in which the necessary conversations and subsequent action points can be implemented in a timely and appropriate manner. [08:36]In response to a question from Bex, Simon talks about the importance of sharing relevant information with at least one other person if others are going to be affected practically and financially by your death. [11:03]For those wishing to find out more about legal matters such as wills and power of attorney, Bex draws attention to the input given by Fiona Clarke, a private client solicitor, when she appeared on Season 3 Bonus Episode 2 of the podcast. [12:27]When it comes to the question of whether we have a definite responsibility to support our parents in financial matters, Simon suggests that the starting point should be to have an honest and open conversation about the situation and then see where that leads. [12:46]Similarly, timely and thoughtful conversations with other family members are often required, for example when issues arise of how best to care for and support parents when they are ill or can no longer live independently. [15:47]Simon then shares some thoughts on possible care scenarios, with Age UK being mentioned as a possible source of helpful information and advice. [18:21]Bex and Simon conclude the episode by reiterating the importance of taking opportunities to have financial conversations with family members, not least because the sooner those chances are taken the more likely it is that there will be positive outcomes. [22:26]Next week’s episode will expand the conversation to include financial matters that affect the wider family. [23:34]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast.Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting.You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the second episode of this ‘Family Matters’ season, Simon and Bex discuss various financial matters that arise in connection with having children.Some key points of interest covered in this episode include the following:When asked how much money people need to have in order to be able to afford to have children, Simon suggests that couples should fully discuss the matter but should not make it a financial decision. [01:17]On the topic of what do children need to know about money, Simon notes that it is a complex area and that it is hard to prepare children for what their ‘real world’ use of money is going to be like. Approaches that are likely to be helpful include talking openly about money and the reasons for the financial decisions that we make, including in connection with our giving. [03:32] Modelling certain behaviour – eg giving to the church – can also have a significant impact, as Bex observes. [05:39]Simon comments that it is becoming more complex and challenging for young people to become financially knowledgeable, adept and independent, with the result that practical and emotional support from parents has become more important than ever. [06:27]Some tips and tricks from Simon for educating children financially include getting them to save for items or to pay instalments to parents for special purchases, as well as briefing them on payment options such as interest free loans, buy now pay later, and credit cards. [08:18]As far as specific accounts for children are concerned, the disadvantage of Junior ISAs is that they can give an 18-year-old unfettered access to a significant amount of money, which may not always be helpful or wise. Parents can, however, use their own ISAs to build up savings for a child in a more controlled manner. Current accounts for children can get them used to managing their own money while prepayment cards, in particular, can provide them with useful hands-on experience of making their own purchases. [09:41]Simon talks through the pros and cons of taking on debt through loans, with a particular focus on student loans. [11:47]Simon explains some of the factors that need to be taken into account when parents are considering assisting children financially with the purchase of a property. [14:58]Other factors worth considering when parents are thinking about giving money to their children include tax efficiency, fairness/equality and clear communication with all relevant parties. [17:40]Simon offers some thoughts for parents on the tricky issue of how to deal financially with a child who is making contrary lifestyle choices. [20:03]When asked what end of life, financial preparations parents can make that will be helpful to their children, Simon emphasises the benefits of simplification and good communication. [22:08]Bex draws attention to Season 4 of the podcast as a useful resource for anyone looking for tips and practical suggestions about having conversations about money. [24:25]The focus of next week’s episode will be on financial issues that have particular relevance for parents. [24:55]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast.Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting.You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the first episode of this ‘Family Matters’ season, Simon and Bex discuss various financial matters that have particular relevance and significance for spouses and romantic partners who are in committed, long-term relationships.Some key points of interest covered in this episode include the following:Simon and Bex introduce the new season and draw particular attention to the interplay between finances and relationships that will run through it. [00:33]Opening up the topic of financial matters relating to spouses and long-term romantic partners, Simon outlines his reasons for recommending that people in those kinds of relationships should combine their finances. [03:03]Key elements that are vital to merging finances successfully include good communication, openness, an appreciation that people take different approaches to dealing with money and good budgeting practices. [05:57]Bex mentions that CAP (Christians Against Poverty) run excellent budgeting courses for individuals or couples looking to acquire skills in that area. [11:00]Speaking about our relationship with money, Simon notes that ‘our heart’ can often help us discern how much is appropriate to spend in a particular circumstance. In addition, ‘practice’, experience and welcoming input from others can all help us to make thoughtful and appropriate adjustments to our spending habits. [12:58]There are elements, such as pensions and ISAs, that have to be apportioned individually, but Simon suggests that a key principle should be to approach family finances holistically. [14:46] And in that context, the focus and aim should not be on the material goal of maximising household income but on the family priority of maximising household value. [16:18]Planning, preparation and, most of all, communication are vital elements to include when looking ahead to the potential financial implications of the death of a partner or spouse. [19:01]In his closing comments, Simon suggests that the allocation of ‘pocket money’ can be a really helpful way of introducing flexibility, individual discretion, trust and clear expectations into shared financial arrangements. [20:16]Next week’s episode will focus on managing our finances with children in the mix. [23:12]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast.Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting.You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the second bonus episode of this ‘Good with Money’ season, Stew Denholm, Relationship Manager at Bank of Scotland, speaks in a personal capacity about banks, their role in our lives and the ethical principles that underpin best banking practice.Some key points of interest covered in this episode include the following:Stew introduces himself and talks about his Christian upbringing. [01:13]Stew then goes on to describe how he became involved in the banking sector. [03:43]In response to a question from Simon, Stew explains the nature of his role, working on financial projects with healthcare professionals. [06:19]Simon’s follow-up question is about the requirement for a bank to make a profit, prompting Stew to explain how a strong ethical approach can be entirely consistent with that goal. [08:26]Stew then provides some comments, in response to a question from Bex, outlining some steps to take in order to ensure that any loan undertaken is appropriate and manageable. [10:35]When asked about the attitudes displayed by those requesting loans, Stew highlights the benefits of deliberately seeking out advice rather than assuming that current knowledge will be sufficient. [12:37]As far as expressing his faith in the workplace is concerned, Stew emphasises the importance of consistently demonstrating integrity and honesty, especially when the awkward moments and difficult conversations come along. [14:29]Stew acknowledges that there has been a stereotypical image of banks dealing very formally with customers, but his experience and practice is that banks now make it their top priority to be client focused and to deliver really high quality services. [16:09]When given the opportunity to share some final thoughts, Stew talks passionately about stewardship and generosity being two key principles that are the hallmarks of how he aspires to use the money with which he has been entrusted by the Lord. [17:56]The focus of Season 12 of the podcast will be on financial issues around ‘family matters’, with the first episode dropping on 28 January 2026. [21:09]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast.Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting.You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the first bonus episode of this ‘Good with Money’ season, Caralyn Nolan, a former Insolvency Accountant, shares thoughts about the issues created by out of control debts and some ways of dealing with the difficult situations that they create.Some key points of interest covered in this episode include the following:Caralyn introduces herself, speaks about how she became a Christian and explains how her involvement in the insolvency profession came about. [01:19]Next, Carolyn describes the nature of the role that she fulfilled and the importance of being thorough but also sensitive when carrying out required tasks. [04:19]When asked about the factors that can lead to people finding themselves in significant debt, Caralyn explains that these can be wide-ranging and that situations can spiral downwards very quickly if they are not addressed directly. [07:13]Caralyn talks about the impact on individuals and those around them of a formal debt-related process, highlighting that the consequences can often be particularly unexpected and distressing for family members and employees. [11:20]In response to a question from Simon, Caralyn explains the circumstances under which bankruptcy might be viewed as an expedient, or even an appropriate and helpful, course of action. [13:36]Caralyn emphasises the importance of honestly acknowledging debt problems when they arise and of communicating promptly and well when seeking assistance to deal with them. [15:43]Certainly, the earlier that formal debt support activities, from the likes of Christians Against Poverty (CAP), can be triggered the better. [17:51]When asked about approaches that can lead to faith and finance interacting well, Caralyn referred to 2 Peter 1.5-8: “For this very reason, make every effort to add to your faith goodness; and to goodness, knowledge; and to knowledge, self-control; and to self-control, perseverance; and to perseverance, godliness; and to godliness, mutual affection; and to mutual affection, love. For if you possess these qualities in increasing measure, they will keep you from being ineffective and unproductive in your knowledge of our Lord Jesus Christ.” The development of such qualities, Caralyn suggests, will result in a greatly increased likelihood of managing our money well and responsibly. [18:23]Jesus' parable of the tower builder in Luke 14.28-30 is also helpfully pragmatic in the context of taking on risk, and business risk in particular. [19:41]When asked for her thoughts on living lives characterised by integrity, Caralyn suggests that intimacy with Jesus is a key element, mentioning John Mark Comer’s ‘Practicing the Way’ as a resource that she has found very helpful. [20:52]When drawing her comments to a close, and prompted by some reflections that had featured in Lectio365 that morning, Caralyn quoted from Isaiah 35.3-4: “Strengthen the feeble hands, steady the knees that give way; say to those with fearful hearts, Be strong, do not fear; your God will come”. It is not easy to take advice, but having the courage to step up and be open about issues will go a long way to addressing any difficult situation in which we find ourselves. [22:40]For anyone concerned about debt problems, Christians against Poverty and Citizens Advice provide really helpful free advice. [24:02]A further bonus episode with a special guest will be published on 14 January 2026. [25:16]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the final episode of this ‘Good with Money’ season, Simon and Bex discuss how we can ‘be good with money’ and ‘do good with money’ when dealing with various family-related financial topics.Some key points of interest covered in this episode include the following:Bex and Simon explain that their aim in this episode is to provide an overview of family-related matters which can pose challenges for us as we endeavour to use our money wisely and responsibly in such contexts. Because so many such situations of this nature have been identified, this theme will form the basis of the next season (Season 12) of the podcast. [00:33]The first topic to be mentioned is the challenge for single people of working out individually how to develop relevant and appropriate money management habits. [01:52]Those who are on the point of getting married / committing themselves to a future with another person have particular points to consider, including how best to share and combine finances. [02:58] The importance of money for those who do get married is highlighted by the fact that statistics suggest that finances are a major factor in most marriages that break down. [03:58]Having children inevitably has many money-related consequences which, ideally, would be discussed in advance. [05:01]Being a positive role model for our children in the way that we view money and use it is another important challenge to take on. [05:53]Another major area of focus is likely to be the relationship that we have with our parents and how finances feature within that, not least because levels of dependency can change so significantly over time. [06:49]Caring for others within a family context can often have significant implications on the resources that we have, including our time and money. [09:26]In some contexts, intergenerational family planning can be very worthwhile but it needs to be handled carefully and appropriately. [12:56]While acknowledging that it can be a difficult topic to address, Simon highlights the benefits of making appropriate and detailed end of life arrangements to cover personal, practical and financial matters. [15:31]In response to a question from Bex, Simon talks about the financial elements that can arise in connection with divorce or separation. One option that aims to create a constructive environment for decision-making in such circumstances is the possibility of involving collaborative lawyers, who will endeavour to find outcomes that are acceptable to both parties. There are also collaborative financial planners who can support that type of process as well. [18:00]Simon and Bex warmly invite listeners to send in comments, thoughts and questions that will help to frame our next season, during which the topics touched upon in this episode will be discussed further. [22:05]A couple of bonus episodes will be published over the next few weeks, and then Season 12 will launch at the end of January. [22:41]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In Episode 7 of this ‘Good with Money’ season, Simon and Bex discuss the different kinds of ‘Insurance’ that are available and what our attitude to them should be.Some key points of interest covered in this episode include the following:When providing an overview of types of insurance [01:14], Simon begins with car insurance because it is widely familiar to people as a result of it being a legal requirement for driving in the UK. [01:44]Home insurance is also very common and offers a range of options, depending on an individual’s circumstances. [03:39]The extent to which someone requires life insurance is also determined by circumstances, including whether or not anyone else is financially dependent on that person. [05:10]When it comes to health insurance, there are four main types: critical illness insurance [08:13]; income protection [09:20]; accident, sickness and unemployment insurance [10:41]; and private medical insurance [11:23].In response to a question from Bex, Simon talks about the contexts in which pet insurance might be considered. [12:11]The final main type of insurance is holiday insurance. [13:46]Bex explains how ’excess’ payments work and how they can reduce the premium paid when buying insurance. [15:10]Simon explains the concept of ‘group risk’, which underpins the insurance system. [17:07]Simon shares some thoughts on how we might decide whether or not we need insurance in particular instances. On some occasions, for example, it may be more cost effective for us to ‘self-insure’. [19:12]When asked what the ‘Christian’ response to this topic should be, Simon suggests that, if we can afford it, insurance can be an effective way of helping us to avoid unmanageable crises and to steward our resources well. [21:54]In the final episode of this season, the focus will be on financial issues around ‘family matters’, which will lead on to further coverage of that theme in Season 12. [25:17]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In Episode 6 of this ‘Good with Money’ season, Simon and Bex discuss how we should navigate the issue of debt on our money journey.Some key points of interest covered in this episode include the following:Simon starts off by explaining why debt is a relevant and important topic for all of us. [00:33]Simon talks about ‘good debt’ and ‘bad debt’, highlighting the importance of being able to distinguish between our ‘needs’ and our ‘wants’. [03:29]Another important skill is to be able to discern between ‘manageable debt’ and ‘unmanageable debt’, and to organise our financial affairs accordingly. [05:43]When reviewing what the Bible says about debt, Bex and Simon comment on the following verses: Romans 13.7-8, ‘Give to everyone what you owe them: if you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honour, then honour. Let no debt remain outstanding, except the continuing debt to love one another.’; Matthew 5.42, ‘Give to the one who asks you, and do not turn away from the one who wants to borrow from you.’; Matthew 6.12, ‘And forgive us our debts, as we also have forgiven our debtors.’; Proverbs 22.7, ‘The rich rule over the poor, and the borrower is slave to the lender.’ [08:16]Simon explores the various ways that we can get into debt and highlights behaviours (including distinguishing between ‘needs’ and ‘wants’ and talking to others about our spending habits) that can help us to steer away from unmanageable debt. [11:30]Setting our own expectations for expenditure or articulating our budgetary boundaries to others (eg through ‘loud budgeting’) can also be helpful ways of putting sensible limits on what we spend. [16:59] Bex draws attention to previous podcast topics dealing with this area: Season 8 Ep9: Top 10 Money Tips for Teenagers with Dave Hall, Youth Pastor (‘loud budgeting’ at 25 mins 26 secs); Season 4: Talking About Money; and Season 2 Bonus Episode 2: Press 'Reset' on Some of our Major Expenses. [18:05]In response to a question from Bex, Simon explains how the concept of delayed gratification – deliberately waiting until costs have been covered before enjoying something – can help us not only to spend within our means but also to gain pleasure from the anticipation of looking forward to something that has been paid for. [18:42]In his closing comments, Simon speaks about how we can be good with money and do good with money when dealing with the topic of debt. [21:10] He also mentions ‘Christians Against Poverty’ and ‘Citizens Advice Scotland’ as two highly respected organisations that can provide assistance to individuals struggling with unmanageable debt. [22:18]Wrapping up the episode, Bex draws attention to previous podcast episodes about ‘Debt’. In particular, the content covered in Episodes 6 and 7 of Season 1 and Season 7 Episode 3 could provide some additional useful listening material. [24:21]Next week’s episode will focus on the topic of ‘Insurance’.Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In Episode 5 of this ‘Good with Money’ season, Simon and Bex discuss what our attitude towards taxes should be.Some key points of interest covered in this episode include the following:Simon introduces the topic of taxes by quoting from the UK Parliament’s introduction to taxes on its website. [01:44] He then makes mention of Tax Freedom Day to illustrate the extent, variety and significance of our tax system. [03:36]When it comes to our attitude towards taxes, Simon and Bex note the importance of recognising how much we as individuals, and also society as a whole, benefit from the UK’s taxation arrangements. [05:04]For its part, the Government has made a priority of explaining how taxes are used, with HMRC publishing detailed information about the expenditure that has been made possible through taxation. [06:55]Simon suggests that the ‘right’ amount of tax to pay should be based on honest and accurate personal financial information, combined with any valid reductions that can be applied for specific, recognised purposes. [08:24]To illustrate the challenge that the Government faces in trying to make the tax system efficient and effective, Simon talks about the Laffer Curve, explaining that it shows how individuals and businesses alter their behaviour in response to changing tax rates. [09:49]References to tax in the Bible include the following: Jesus saying that we should give to Caesar what is Caesar’s and give to God what is God’s (Matthew 22.15-22); Jesus providing a coin from a fish to pay the temple tax (Matthew 17.24-27); and Paul saying that it is right to pay taxes (Romans 13.6-7). [12:20]Simon explains the difference between tax evasion and tax avoidance: the former means that the right amount of tax is not being paid, which is illegal; the latter is sanctioned, and indeed promoted, by the Government in order to prompt people to participate in specific schemes (eg investing in their pensions) that - over the long term - will produce better outcomes for the government, for society and for the individual. [17:59]Simon suggests that our default position should be to obey the law by paying the taxes that we owe. If we are unhappy about the amount of tax that we can pay, we can look into allowable, practical ways of improving our individual circumstances, and we can also engage with the politics of the situation by lobbying for change. [20:18]In Simon’s concluding remarks, he encourages us to be deliberate, thoughtful and prayerful in this area while also seeking practical advice, as appropriate. [21:59]Next week’s episode will explore the very important topic of ‘Debt’. [23:37]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the fourth episode of this ‘Good with Money’ season, Simon and Bex talk about the key role that pensions can play in assisting us to manage our money well, right through to the end of our lives.Some key points of interest covered in this episode include the following:Simon explains why pensions can be so important to our attempts to be good with money throughout our lives [00:51] despite the fact that, as Bex points out, it is now being reported that a significant number of working age adults are currently not paying into a private or workplace pension. [02:42]Simon outlines what a pension is [04:18] and then goes on to describe different types of pension, including the state pension, the defined benefit workplace pension, the Career Average Revalued Earnings pension and personal pensions. [06:17]Drawing on her own experience, Bex notes that personal pension providers have become adept at simplifying and streamlining pension arrangements for their customers. [09:18]In response to questions from Bex, Simon talks about the different factors that can influence our pension-related behaviour ranging from being in our 20s (when any pension contributions can ultimately yield a high return) [12:39], then progressing into the very busy and expensive middle stage of life [15:50], and finally into the pre-retirement phase. [19:33]For some people, the pre-retirement period can be a helpful time to seek professional financial advice. [20:14] Among the options that can be worth considering at this time are exploring the possibility of phased, or even ‘multiple’, retirements [22:05] and proactively planning the detail of what we would like our retirement to look like. [23:29]Concluding his comments, Simon stresses the importance of having a realistic and effective plan to manage money throughout retirement, for however long that may last [24:17]. He also notes the invaluable benefits, to family members in particular, of being organised and communicating well when it comes to putting our affairs in order in preparation for the end of life. [25:56]After a week’s break, our next ‘Good with Money’ episode will be on the theme of ‘Taxes’. [27:13]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the third episode of this ‘Good with Money’ season, Simon and Bex talk about when and why ‘Investing’ may be worth considering in the context of our personal finances.Some key points of interest covered in this episode include the following:Simon starts off by explaining the two core elements of investing: to counteract the effects of inflation [04:48]; and to achieve an expected return, very often for a specific purpose. [06:14]Simon talks about the different kinds of ‘bonds’ (including premium bonds, bank bonds and corporate bonds) that can be used for investing. [08:23]In response to a question from Bex, Simon explains that activities such as acquiring gold, buying currency and day trading do not have an expected return and should not therefore be classified as ‘investing’ in the pure sense of the term. [11:05]Simon uses a story about the respective business needs of a farmer and a baker to illustrate how hedge fund traders can attempt to take advantage of the commodities market. [14:24]Property is another interesting area – unlike many other investments, it is generally not a passive income stream; instead, it requires active management and involvement from those wishing to make a profit from investing in that area. [16:06]Simon then goes on to address the issue of whether investing should be regarded as a form of gambling, with the key point being the presence, or not, of an expected return. [17:18]Quoting from Luke 12.16-21, Mark 10.17-21 and 1 Timothy 6.10, Bex and Simon highlight the importance of resisting the temptation to make money a goal in its own right when engaged in investing activities. [19:40] For anyone interested in exploring how we can adopt a heavenly perspective and have pure motivation when working and earning money, Bex would recommend ‘The Garden City’ by John Mark Comer. [23:34]Concluding his comments, Simon emphasises the importance of investing in order to achieve a specific and appropriate purpose. [24:01]Next week’s episode will focus on the related topic of ‘Pensions’. [25:20]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the second episode of this ‘Good with Money’ season, Simon and Bex talk about the advantages of including ‘Saving’ as a core element of the way that we manage and use our personal finances.Some key points of interest covered in this episode include the following:Simon introduces this episode by explaining that saving allows us to control our money by moving it through time so that it is available when we need it. [01:44] He goes on to explain that saving is a means of putting money aside while the aim of investing is to generate a financial return from money that has been placed into some kind of venture with that purpose in mind. [02:37]In response to a question from Bex, Simon comments that, generally, saving should be our second priority (after giving) when organising and deploying our money. [03:55]When it comes to deciding on a desirable size for an emergency fund being created by saving, Simon suggests that the key consideration is to go for a proportionate amount or ratio that suits our particular circumstances. [06:03]When asked to pinpoint a key benefit of saving, Simon talks about the resilience that it gives to our financial journey, for example by cushioning the shock of a sudden spike in expenditure that happens annually for most people at Christmas and which otherwise could push us into debt. [08:13]However, a saving strategy can only protect us against known future expenses [12:09] if we are able and willing to use our emergency fund when the need arises. [13:59]Being flexible in how we respond to financial pressure points or competing demands on our resources can be assisted significantly by maintaining a God-focused perspective of, ‘It’s His money; what would He have me do with it? [15:24]Simon remarks that the need to save is likely to be less of a priority for those who are approaching retirement or who are already retired. [17:57]When wrapping up the episode, Simon comments that the next stage after saving is to consider investing. He also addresses the issue of whether or not we should attempt to save if we are in debt. Regarding that latter point, he mentions that a number of previous episodes of the podcast have focused on the issue of debt; for example, , Season 8 Episode 6 looks at ten top tips for dealing with debt. [19:46]Simon’s final, final, final observation is that John Wesley, in his ‘Use of Money’ sermon, encourages his congregation to earn, give and save as much as they can – notably, omitting any mention of ‘spending’ as a significant priority. [22:30]Next week’s episode will focus on the topic of ‘Investing’. [23:23]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the first episode of this ‘Good with Money’ season, Simon and Bex talk about ways in which budgeting can help us get off to a great start if we want to be good with money and also to do good with our money.Some key points of interest covered in this episode include the following:Simon and Bex start off the show by announcing the three charities that will each receive £100 as part of the celebrations for the podcast’s 100th episode, aired on July 30th. [00:37]Bex and Simon explain that Season 11 is going to be about using our money well and not just managing it well. Topics covered in the eight core episodes of the season will comprise the following: budgeting, saving, investing, pensions, tax, debt, insurance and family matters. [02:22]Simon uses a couple of examples to support his comment that budgeting is a pervasive topic when dealing with money and is therefore a really good place to start when aspiring to be good with money. [06:22]The power of a budget is that it enables us to plan ahead and to decide how we are going to ensure that we give ‘every pound a purpose’. Equally important is the encouragement not to pay ourselves first, but instead to give to God first, as illustrated by Proverbs 3.9: ‘Honour the Lord with your wealth, with the first fruits of all you produce.’ [12:46]In response to a question from Bex, Simon gives an example of how ‘framing’ our priorities can help us to strike the right balance between what we allocate to current expenditure and what we earmark for the future. [14:16]Simon provides a broad-brush overview of Christian budgeting, starting off with Psalm 24.1 (‘The earth is the Lord's and everything in it’) to illustrate that we are stewards of any wealth we have, and going on to mention the importance of prioritising our giving and ensuring, also, that we live within our means. [17:43]When asked to identify some additional key principles, Simon highlights the following behaviours: use money as a tool rather than making it a goal in its own right; be aware of the danger of having a rigid attitude to budgeting that can inhibit our ability to be sensitive to prompts from God about how He wants us to use our money; be open about money matters with others and seek wisdom from them. [21:46]Listeners are warmly invited to share their thoughts and experiences related to budgeting. Next week’s episode will explore the topic of ‘Saving’ [24:07]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the second bonus episode of this ‘Money and Me’ season, Naomi Martin (previously an Intern and now a Trainee Financial Planner at Stewardship Wealth) reflects on ways in which she and her generation experience money and interact with it. Some key points of interest covered in this episode include the following:Naomi introduces herself, speaks about her Christian upbringing and explains how it came about that she completed a degree in philosophy and theology and then entered the world of finance and financial services. [01:02]In response to questions from Bex and Simon, Naomi talks about how her attitude towards money has been affected by living in a number of different countries [04:38] and also by examples of sacrificial generosity from the Bible and her own experience. [06:06]For Naomi, the last few years have been an interesting time of responding to new financial challenges and opportunities, as well as a period of trying to put in place good money management building blocks for the future. [09:56] Looking to the long-term, her hope would be that she would build up a track record of using money well, wisely and for the benefit of others. [11:13]When asked about the relationship that her peers currently have with money, Naomi suggested that a number of different trends seem to be emerging, including a genuine appetite to talk about money, a desire to deal with it well and to ‘work it out’. [12:29]Prompted by Simon, Naomi talks about an occasion when God’s provision for a mission trip came as a natural outcome of responding positively to what she felt that God was saying to her about getting a job. [16:09]When asked about practical money tips that have helped her, Naomi highlights the value of using written notes to help her plan ahead, coupled with an honest and pragmatic approach that ensures that she doesn’t ignore problems and neither is she unhelpfully optimistic about her financial position. [18:06] Naomi proffers some comments on her generation’s awareness of scams and also the extent to which they have embraced the variety of payment and purchase options available these days. [19:41]On the topic of things that money can’t buy, Naomi comments that ‘if money is your goal, you won’t ever achieve it,’ and observes that, as far as she is concerned, relationships – with others and with God – are priceless. [21:57]Despite Bex’s lack of awareness of what is next for the podcast, these show notes can reveal that Episode 1 of Season 11 (‘Good with Money’) of the ‘Where your Treasure Is…’ podcast will drop on Wednesday 1 October 2025! [23:21]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the first bonus episode of this ‘Money and Me’ season, Frank Morton, Operations Manager at Stewardship Wealth, talks about key moments and turning points in his journey with money.Some key points of interest covered in this episode include the following:Simon introduces Frank [00:56], who talks about his Christian upbringing [02:05] before going on to explain how his career in financial services came about. [03:15]Next, Frank speaks about the challenges of maintaining a faith perspective within the workplace [04:53] and of becoming more open and natural about his Christian beliefs over time. [06:55]In response to a question from Bex, Frank shares some thoughts about his experiences of having conversations with people about money, outside the work context. [10:14]Prompted by Simon, Frank remembers a lesson in generosity and compassion that he learnt from his father. [12:07]When asked about generational attitudes to money, Frank highlights the different experiences of, and perceptions of, the availability of credit and the nature of debt. In that context, the money course run by CAP (Christians Against Poverty) has proved to be a very useful resource. [16:28]For Frank, the standout passage from the Bible that deals with attitudes to money is Hebrews 13.5: ‘Keep your lives free from the love of money and be content with what you have, because God has said, “Never will I leave you; never will I forsake you.”.’ He then goes on to share a story of God’s provision to illustrate that verse in action. [19:48]When asked about a possible tip to share with his younger self, Frank highlights the importance of letting God into our financial situations and getting to the point where we genuinely trust Him to provide what we need. [22:21]On the issue of things that money can’t buy, Frank agrees with The Beatles and also prizes genuine, deep-rooted friendships far above worldly wealth. [24:14]The second bonus episode of this ‘Money and Me’ season will feature a conversation with another of Simon’s colleagues – whose identity is currently shrouded in mystery! – which will serve as a companion piece to this episode. [25:21]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the final episode of the ‘Money and Me’ season, Simon and Bex put money into its proper perspective, discussing a number of ways in which there is more to life than money. Some key points of interest covered in this episode include the following:Simon explains why, in the context of the ‘Money and Me’ season, it seemed worthwhile to have a podcast episode which explores what money can’t do. [01:20]Simon suggests that the familiar expression, ‘Money can’t buy happiness,’ isn’t entirely true as money can certainly make a difference by addressing basic necessities, enabling people to move beyond the lowest rungs of Maslow’s ‘Hierarchy of Needs’. [02:14]Money can also make a difference to our health, but it definitely can’t cover all the bases. [06:51]Similarly, money can help to support our social interactions, but it can’t, for example, buy a best friend! [09:47]Simon notes that if we are offering practical help to someone, it can make a real difference if we are specific about the ways in which we can help. [12:59] He also points out that creating time for people by the way that we provide support can be an invaluable gift for them [15:35], as can something that we are able to do for them because of a skill that we have. [17:27]Many of the things that money can’t buy can contribute to a sense of joy that is more deep-rooted and significant than just feeling happy. [18:05] Bex quotes from Philippians 4.11-13 to illustrate the nature of the deep contentment and trust that Paul suggests should be the experience and hallmark of Christians: ‘I am not saying this because I am in need, for I have learned to be content whatever the circumstances. I know what it is to be in need, and I know what it is to have plenty. I have learned the secret of being content in any and every situation, whether well fed or hungry, whether living in plenty or in want. I can do all this through him who gives me strength.’ [19:05]Simon suggests that a godly perspective (the Perspective Hack) can make all the difference to the way that we live our lives and the degree to which we feel a sense of purpose. [19:58]And, of course, as the Beatles sang, one vital element of life that can’t be bought is love! [21:30]Bex invites listeners to send in their ideas about ways in which we can help others [22:11], and also recommends listening to our 100th episode to learn about the charity giveaway that is currently taking place. [22:47]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. Our Instagram page will also provide you with additional content and features.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In Episode 7 of the ‘Money and Me’ season, Simon shares a number of 'hacks' that he hopes will be helpful in assisting listeners to use and manage money well. Some key points of interest covered in this episode include the following:Simon introduces the episode by explaining that there is nothing dodgy about the hacks that he will be sharing with listeners. Instead, they are simply different ways of looking at money matters, or dealing with money tasks, that are designed to enhance our ability to use and manage money well. [01:04]Hack number one is the Toolbox Hack, which emphasises the importance of treating money as a tool rather than making it an objective in its own right. [02:06]Simon’s second hack is the Purpose Hack, based on the principle that every pound should be given a purpose. [02:58]The Three Pots Hack guides us into dividing our money into three separate elements: what we’re going to spend; what we’re going to save; and what we’re going to give. [04:19] Some hacks can be boring but necessary, and the Track Your Spending Hack [04:46] and the Renewals Reminder Hack [06:15] are good examples of that category.The Snowballing Hack provides two very helpful approaches to paying off debt. [07:21]One way to try to avoid having regrets about how we have spent and used our money is to imagine how we will look back on our financial track record in the future, as illustrated by the Rocking Chair Hack. [09:33]In response to a question from Bex about her experience of a banking app that had set bank customers a One Penny per Day challenge, Simon suggests that the situation that has been created could be described as the outcome of a Compounding Hack operating in conjunction with a Gamification Hack! [10:31]Like the Rocking Chair Hack, the Seesaw Hack aims to encourage the responsible and prudent use of resources but it does so by prompting us to look ahead rather than backwards. It can be a really useful mechanism for weighing up the complex competing needs and desires of our current self and our future self. [12:07]Following an invitation from Simon to name a hack describing the inability of some people to use their emergency fund, Bex settles on the Gilded Cage Hack. [15:09]Simon explains why he has come to appreciate the Investing in Presents Hack [16:12] before going on to talk about two time-related hacks. The Time Machine Hack [17:01] delves further into the consequences for our future self of decisions that we make now, and the Relativity Hack [18:53] highlights the significance of the choices that we make when we decide to whom we are going to compare ourselves. Simon concludes by describing the benefits of giving money away (the Generosity Hack) [20:12], the advantages of applying automatic processes to the income we receive (the Non-stick Hack) [21:11] and the importance of identifying and prioritising what is most important to us in the long-term (the Ladder Hack, as articulated by Stephen R Covey). [23:03]Listeners are invited to get in touch and share – for publication, if so desired - their own money hacks. [24:37]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In this special bonus edition to mark the hundredth episode of the ‘Where Your Treasure Is…’ podcast, Simon and Bex celebrate all things 100, invite listeners to nominate charities to receive £100 and introduce some surprise outtakes.Some key points of interest covered in this episode include the following:Simon and Bex set the celebratory tone for Episode 100 with an impromptu drum roll, cupcake chat and a review of favourite 100s, including the FTSE 100. [00:33]Biblical references to 100 are also covered although Simon notes that the number doesn’t seem to have been as significant to that culture as it is to ours. [06:22]Bex puts Simon on the spot by asking him how many of the ten podcast seasons that have generated one hundred episodes he can remember! [09:10]Simon acquits himself much better when he and Bex talk about the episodes that they have enjoyed the most! [10:25]Bex and Simon explain that they want to emulate a Hobbit tradition by using a notable event to give something away to others. In this instance, they are inviting listeners to participate in some ‘spontaneous planned giving’, inspired by the content of last week’s podcast episode: Season 10 Episode 6 – The Great Giveaway. [13:10]Listeners are invited to nominate a worthy charity that would, if selected, make excellent use of one of three £100 gifts being made available by the ‘Where Your Treasure Is…’ team of Simon, Bex and Mike. Nominations should be submitted by 31 August 2025 via Instagram - @whereyourtreasureispodcast – or email - [email protected] [16:48]Inspired by its ability to provide food for the soul, Simon signs off by reading Psalm 100. [19:24]Simon and Bex demonstrate great trust by introducing outtakes without knowing what bloopers, surprise content and mangled email addresses may lie ahead! [20:12]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In Episode 6 of the ‘Money and Me’ season, Simon and Bex talk about the importance and benefits of being open and generous in our outlook and practice. Some key points of interest covered in this episode include the following:Simon introduces the topic of generosity by describing it as a highly significant, God-initiated ‘Great Giveaway’ in which we can participate as enthusiastic stewards of all that we have been given. [00:33]Simon stresses the importance of having a holistic attitude to generosity so that our giving is not restricted solely to monetary gifts. [01:47]In response to a prompt from Bex, Simon explains how generosity can benefit both the giver and the recipient, acknowledging the influence that the book, ‘Happy Money’, has had on his thinking in this area. [04:37]One approach that Simon has found to be very helpful and effective is to engage in ‘spontaneous planned giving’. This has also proved to be a great way of encouraging others to be generous as well. [07:36]Simon goes on to share two other practical tips. First of all, he talks about giving as a means of investing in our relationships with other people by supporting family, friends and colleagues who are raising money for causes that are important to them. [10:25] Secondly, Simon suggests that the ‘good’ that we can do with our money can also include making deliberate shopping choices that benefit the local community. [11:54]Simon comments on the value of joining in the ‘grace of giving’, even if we can give only a tiny amount. He then goes on to talk about the great benefits - for all concerned, and also for society - of giving our time - and very often our expertise as well - through volunteering activities. [14:29]Simon’s remarks on the benefits of sharing expertise and encouraging community prompt him to invite listeners to engage further with the podcast and to share suggestions and requests with him and Bex through the contact details that are included at the end of these show notes. [ 21:22]Next week’s episode will be the hundredth edition of the ‘Where Your Treasure Is…’ podcast – worth ‘a minuscule drum roll’, according to Bex! Simon and Bex will not only be celebrating with cake, they will also be sharing a way of marking the occasion that seems to fit in with the content that has been covered in this episode and will also provide listeners with the opportunity to join in with the ‘grace of giving, if they would like to do so. [22:57]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In Episode 5 of the ‘Money and Me’ season, Simon and Bex talk about talking about money, and why it is a good thing to do!Some key points of interest covered in this episode include the following:Bex and Simon open up the topic by discussing why talking about money can be a difficult thing to do and the extent to which our culture affects our attitudes towards money and the way that we speak about it – or not, as the case may be! [01:33]It is noted that it can be easier to talk about money in a business context, but therein lies a danger because that can lead to a skewed perspective in which individuals are assessed and evaluated according to their monetary worth or potential. [04:29]Furthermore, if ‘price tag thinking’ takes hold, it can have a detrimental influence on the ‘value’ that we place on people and on the contribution that they make to life. [09:07]Another factor that we have to overcome if we are to have meaningful and helpful conversations about money is the worry and anxiety that it can provoke because of its potential significance in our lives. [11:16]Our ability to be ‘content’ with what we have emerges as a key point of interest, prompting Bex to share a couple of extracts from the Bible on that theme. In Philippians 4.12-13, Paul comments, ‘I know what it is to be in need, and I know what it is to have plenty. I have learned the secret of being content in any and every situation - whether well fed or hungry, whether living in plenty or in want. I can do all this through Him who gives me strength.’ And Psalm 37.16-17 says, ‘Better the little that the righteous have than the wealth of many wicked; for the power of the wicked will be broken, but the Lord upholds the righteous.’ [14:57]Simon’s top tip for opening up conversations about money is to do so in a way that draws people into an exchange of views rather than making them feel defensive as a result of feeling that they are having to justify the way that they deal with money issues. [18:31]For Bex, being open and transparent has helped to facilitate constructive discussions and better decision-making as far as money matters are concerned. [20:22]The next episode in the ‘Money and Me’ season will be ‘The Great Giveaway’ in which Simon and Bex will explore why and how we might want to make generosity an intrinsic element of our journey with money. [23:33]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In Episode 4 of the ‘Money and Me’ season, Simon and Bex discuss strategies for anticipating and dealing with personal financial emergencies that can arise in life.Some key points of interest covered in this episode include the following:In response to a question from Bex about factoring life’s uncertainties into our financial planning, Simon dives in at the deep end and talks about death. It serves as a useful illustration of the mixture of certainty and uncertainty that we experience in our lives – on the one hand, we know that we are all going to die at some point; on the other hand, we don’t know when that will happen and what financial impact it will have on others. [00:33]While it is not particularly pleasant to think about life’s uncertainties and reflect on the possible consequences of death and serious injury, doing so can prompt us to consider positive actions such as writing a will, taking out insurance and being prudent in our financial planning and expenditure. [06:20]Simon picks up on the insurance point and acknowledges that people can have mixed attitudes towards it, including querying it from a faith perspective. However, it can be extremely helpful when difficult life events occur and can also significantly reduce the impact and trauma of such happenings on individuals and families. [09:26]Simon goes on to offer some thoughts about limiting our exposure to the risk of redundancy and the benefits of proactively building resilience through our financial planning and the choices that we make. [13:09]When it comes to contingency planning, it can be worthwhile to think about setting up our finances so that some checks and balances - such as using bank or savings accounts requiring notice for withdrawals - are in place. [16:07]Simon’s top tips when it comes to thinking about the uncertainties that can arise in connection with buying a house is to do our best to remember all of the associated costs that come with moving home and to resist the temptation to stretch ourselves to the limit when taking on a mortgage. [17:34]’Everyday emergencies’ – when expensive bills arise from unforeseen incidents and events – can be very stressful and difficult, so Simon urges listeners to put in place whatever proportionate and sensible financial contingency planning they can afford. A beneficial side-effect of taking that approach is that it increases the likelihood that we will be able to help others when they are in need. [22:46]After a short break, the next two episodes in this ‘Money and Me’ series will explore the challenges involved in talking about money and the benefits of being generous. [26:15]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the third episode of the ‘Money and Me’ season, Simon and Bex talk about practicalities (including processes as well as tools) that can help us to manage our money well.Some key points of interest covered in this episode include the following:Simon starts off by commenting that because people deal with issues in different ways, there is not a single, ideal way to manage our money. Instead, we need to select - from a range of options - the strategies and tools that are going to work best for us. [01:35]Rather than launching straight into an evaluation of money management tools, Simon highlights the importance of adopting key attitudes from the outset: being deliberate; being diligent; being discerning. [03:09]Unless we are deliberate in our approach to money, we will not take on the sense of responsibility that is required if we are going to be good and effective stewards of our wealth and possessions. [04:02]Diligence is the action of following through so that appropriate and thoughtful actions are taken. Research and study of relevant topics can really help us to achieve that goal, and Simon mentions a couple of specific recommendations that he has found particular helpful: the work of Mark Lloydbottom and books from www.eden.co.uk [05:47]Building up our ‘discernment muscle’ over time can really help us to align our decision making with godly principles and practice. [08:59]When it comes to the practicalities of managing our money, it is important to look both backwards and forwards. Looking backwards enables us to check for mistakes and also to review our spending. [10:47] Looking forward gives us the opportunity to plan the way that we use our money so that we can achieve goals that are important to us and are aligned with God’s call on our lives. [13:17]In response to a question from Bex, Simon mentions some money management ‘tools’ that he has found helpful. Currently, he uses a paid product, ‘You Need a Budget’ software, for his own purposes but he stressed the availability of free products that will serve most people’s money management needs – banking apps, spreadsheet tools and phone notes can all be really useful in helping us to track and plan expenditure etc. Bex added that she finds a digital ‘to do’ list, such as todoist, a great way of setting reminders to undertake particular financial tasks. [17:32]Simon concludes by emphasising the importance of taking account of both the ‘certainties’ and the uncertainties of life when planning our finances. Forethought, flexibility and allowing for unexpected contingencies can therefore be very helpful strategies to identify and develop. [19:38]Next week’s episode, ‘Life Happens!’, will drill down further into ways in which we can prepare ourselves and build resilience that can help us deal with the range of unwelcome surprises that we can end up having to deal with in our lives. [22:49] Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the second episode of this season on ‘Money and Me’, Simon and Bex talk about the importance of identifying core values and principles at the start of our journey with money.Some key points of interest covered in this episode include the following:Simon suggests that the first step in getting to grips with money is being willing to think and talk about it [01:25]; the second stage is to start exploring and understanding what we believe as a result of our faith and how that then affects the way that we think about money and how it should be used. [05:32]Simon talks about the importance of identifying a small number of key guiding values that tie in with our circumstances, experiences and personal priorities. We can test whether these values are likely to be appropriate and helpful for us over the long-term through the likes of the rocking chair test, which prompts us to evaluate our anticipated direction of travel by looking into the future and thinking about the kind of person we might become. [07:44]Simon comments that one of the biggest challenges that we face arises from the fact that the culture of the society in which we live can exert a huge influence on our attitudes towards wealth and possessions. If we are to exercise integrity in our dealings with money, we not only need to be alert to that factor, we will also need to make our own decisions, based on our view of the nature and purpose of money. [12:25]In response to a question from Bex, Simon talks about possible ways in which we can find an appropriate balance between being responsive and generous with our money while, at the same time, managing it in a godly and wise manner. Two very significant principles for us to consider in that context are to include others in our money journey and to have a ‘stewardship’ mindset. [16:05] Next week’s episode, ‘Do I Need a Spreadsheet?’, will explore some of the practical tools that can help us to turn our principles into practice when it comes to managing and using our money well. [21:16]Bex rounds off the episode by encouraging listeners to pick up the challenge of having a money conversation this week and to get in touch to say how that went. [22:30]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the first episode of this season on ‘Money and Me’, Simon talks about key moments and turning points in his journey with money.Some key points of interest covered in this episode include the following:Simon talks about a Peugeot 204 and the part that it played in the first ‘gripping memory’ that he has of money. [03:45] Simon's first significant experience of managing his own money was when he became a student. [06:06]Being left some money in his Gran’s will prompted Simon to consider the relevance of biblical teaching to what he did with his money. [08:32]Getting married was a really formative time in Simon’s journey with money, especially in terms of coming to appreciate the difference between ‘managing’ money and ‘using’ it. [13:19]Thinking of money as a tool helped Simon and his wife set goals for their mortgage and the kind of house that they wanted to buy that were in line with their desire to create a really good home for their family and to be hospitable. [16:04]Simon explains some factors that have influenced his approach to financial planning, highlighting, in particular, the need for people to identify and understand what is most important to them if they are going to use money well. [18:10]Simon concludes the episode by talking about why the ‘Where Your Treasure Is…’ podcast exists. [21:05]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed through @whereyourtreasureispodcast.This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking here: https://where-your-treasure-is.kit.com/13c7b5fec6

In the second bonus episode of this season on ‘Making Things Happen: Churches, Charities and Money’, Dr Yekemi (Kemi) Otaru shares her experiences of dealing with faith and finance challenges in her role as CEO of Aberdeen charity, Somebody Cares. Some key points of interest covered in this episode include the following:Kemi introduces herself, explaining the steps that led her to become the CEO of Somebody Cares. Her achievements en route include becoming the first black woman to serve as a University Chancellor in Scotland. [01:09] Kemi goes on to talk about how Somebody Cares gives immediate relief and support for people in hardship and poverty in and around Aberdeen by providing furniture and running a food bank. [02:40]In response to a question from Bex, Kemi outlines her journey of faith from childhood, through her professional life and into the present day. [05:24]Kemi describes the nature of her role at Somebody Cares and the importance of finding time both for immediate, practical priorities and for long-term, strategic planning. [13:21]When asked about the significance of money to her role, Kemi speaks about funding, contingency planning and using the money well so that it makes the greatest possible impact. [16:43]Kemi drills deeper into funding arrangements and explains how listeners can support Somebody Cares and similar charities. [22:18]Kemi responds to a question from Simon about how her attitude to her own personal giving has been affected by her involvement with a charity. [27:45]As well as the website that explains charity VAT(!), Kemi has found www.goodfinance.org very helpful as it provides key performance indicators and examples linked to social impact reporting. [29:39]Kemi’s final piece of advice is directed towards anyone who feels that God may be calling them to some kind of involvement in the charitable sector. As well as praying about the options, Kemi would suggest exploring the possibility of becoming a trustee of a charity because that can provide such great insights into charitable activities while also being of huge benefit to a charity. [31:31] With this being the final episode of Season 9 of the ‘Where Your Treasure Is…’ podcast, Simon invites listeners to provide feedback and suggestions that will help to shape Season 10, which will commence after a short break. [34:40]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In the first bonus episode of this season on ‘Making Things Happen: Churches, Charities and Money’, Malcolm Webb shares his experiences of balancing faith and finance on a daily basis in his role as a church accountant.Some key points of interest covered in this episode include the following:Malcolm introduces himself, explaining how he became a Christian and the steps that led him to become the accountant of a multi-site church serving Aberdeen and Aberdeenshire. [01:48]In response to a question from Bex, Malcolm describes some of the dynamics of being the accountant of a church other than the one that he attends himself. [07:01]As part of a discussion about tracking donations and the purposes for which they have been given, Bex reminds Malcolm of a time when the response of church members to a special appeal had been so generous that it caused the bank to be in touch to check that nothing untoward was taking place! [11:53]Responding to a question from Simon, Malcolm talks about the challenge of balancing his professional responsibility to operate ‘by sight’ with his personal conviction that he has been called to live ‘by faith’. [13:42]When asked for a top tip to help with the running of the finance function of a church, Malcolm recommends taking advantage of available technology (especially Excel), streamlining processes and encouraging donors to set up standing orders. [18:48]When it comes to training others to manage money well on behalf of a church or charity, Malcolm highlights the importance of developing understanding and an inquiring mind. [21:09]Having previously quoted Psalm 50 verse 10 (“for every animal of the forest is mine, and the cattle on a thousand hills”), Malcolm identifies the Parable of the Bags of Gold (Matthew 25.14-30) as another biblical passage that has been influential in shaping his thoughts on money and what our attitude towards it should be. [23:39]When asked if he has a story of seeing God’s generosity at work, Malcolm talks about the capacity of the church to initiate social transformation, as illustrated by the cafe that has recently been set up with a clear vision that it will develop its own ‘ministry’ for the benefit of others. [25:27] Having been invited to do so by Bex, Malcolm prays for those who are feeling called by God to initiate or take forward a church-related project or idea that requires financial expertise or resources. [27:22]Simon talks about the hidden, but vital, role of the church accountant; Malcolm responds by commenting that, in fact, the nature of financial communication these days (eg through Zettle transactions and detailed bank statements) means that he is very aware of what is going on in church life and often feels that he has been given a ‘front row seat’ to observe it. [29:10]A second Season 9 bonus episode will follow shortly, also featuring a guest with significant experience of dealing with faith and finance matters in the charity sector. [32:51]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In Episode 8 of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss ways in which faith can be put before finance so that vision is turned into provision for churches and charities.Some key points of interest covered in this episode include the following:Bex and Simon introduce the topic of vision and provision in church and charity work, noting from the outset that there is a crucial balance that needs to be struck between having faith and being realistic about financial matters. [00:34] Bex gives some biblical examples to illustrate the fact that God provides for his people in many different ways, sometimes through quite unexpected means. [02:45]Simon uses his own experience as a church trustee to highlight the key principle of identifying the individual responsibilities that people undertake, observing that this will lead them to weigh faith and finance elements differently from those who fill other roles within a church or charity. [03:31] Simon then develops the point, suggesting that it can be helpful to recognise that complementary contributions can be made by those who are very good at managing money and those who are very good at using money. [05:49]In response to a question from Bex, Simon talks about the type of discernment that is needed to deal with circumstances in which there is a gap between the scope and vision for a project and the current level of provision. [07:05]By inviting listeners to put themselves into the position of someone appealing for money to support a vision, Simon highlights the importance of engagement from those who are responsible for the finances of a church or charity; otherwise, important opportunities can be missed or watered down. [10:37] There is a balance to be struck between holding the resources that God has provided lightly and appreciating what has been entrusted to us so that we are diligent and responsible in the ways that we use those resources. [13:22]Simon describes ways in which the issues associated with operating a church or charity budget can be tackled, with a structured approach, oversight, discernment, flexibility and good communication being key factors. [15:35]There are also legal requirements that have to be fulfilled, so Simon speaks about ways in which a good working relationship can be built up with the charity regulator. [18:22]In order to exercise due diligence, there needs to be a plan for bringing a charity to an end, if need be. Simon explains some steps that can be taken to accommodate that possibility. [20:12]Responding to a question from Bex, Simon explains how charities can borrow money, for example by taking out a mortgage. [21:45]Simon concludes by praying for those already involved in charitable work and also for those with a vision to be involved in activity of that nature in the future. [23:42]Bex invites listeners to get in touch with their questions and also with stories about their own experiences of charity and finance. Up next will be a bonus episode, airing in a few weeks’ time, in which Malcolm Webb, a church accountant, will share his experiences of balancing faith and finance on a daily basis. [24:58]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In Episode 7 of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss approaches that charities and churches can take to dealing with staffing and other business factors that affect their finances.Some key points of interest covered in this episode include the following:Bex starts off the discussion by asking Simon whether all charities and churches need ‘staff’ [00:50] and then goes on to enquire about essential personnel, such as trustees, for a charity. (01:51)Simon explains that the nature and vision of a charity will determine if, and when, it should start employing staff. [05:01]Simon talks about the advantages for some charities of adopting selected elements of a business organisational structure [06:38] and follows up by outlining key principles that should underpin the approach of a charity that has decided to operate along the lines of a not-for-profit business. [08:41]When it comes to employing staff, Simon notes that it can be a complex area to navigate – not least because there are legal requirements and regulatory policies that need to be observed – and therefore it can be a moment in time when it can be very helpful to enlist some expert assistance. [10:38]When asked about contracts, Simon explains the circumstances under which a temporary contract can be appropriate and also highlights the importance of good communication in relation to contracts in general. [12:43]Simon shares some thoughts about approaches that can be taken in connection with the important task of making decisions regarding appropriate levels of remuneration for staff. [14:17]Once staff have been employed, there is an onus on a charity or church to put in place appropriate communication, review, appraisal, training and contract processes. [17:18]Given the complex and ever-changing nature of employment regulations and tax arrangements, it quickly becomes highly desirable to have access to an accountant, payroll services, HR personnel etc. [19:33]When staffing appointments don’t work out for whatever reason, Simon would recommend taking professional advice (eg from an HR expert or solicitor) as it is very important to adhere to legal and other processes in such situations. [20:49] Once again, the significant role of the trustees is highlighted as they are often to the fore when it comes to ensuring that issues are dealt with in the best and most professional manner possible. [23:59]The next episode in this season will focus on ways in which faith can be put before finance so that vision is turned into provision! [24:31]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In Episode 6 of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss how charities and churches can make finances work for specific projects.Some key points of interest covered in this episode include the following:Simon starts off the discussion by mentioning a number of different types of projects – including special events, new initiatives and building projects – that can require a specific financial response from a church or charity. [01:49]In response to a question from Bex, Simon suggests that the first priority should be to establish the timescale of the project as that will determine how best to manage and schedule the communication and financial elements of the venture. Simon notes that it is important to keep the timescale under review and to be willing to make adjustments to it under certain circumstances. [05:23]Simon identifies the cost of a project as being another important priority when undertaking a special project. He explains that it is important to undertake a ‘scaling’ process to establish the implications for a charity or church of taking on this new commitment, especially if the target amount is equivalent to a high proportion of the expected annual income. [09:33]When asked about how best to predict and control project expenditure, Simon highlights the following points: include some contingency costs in the budget; if possible, increase financial commitments gradually; be realistic and pragmatic when communicating to donors and supporters about money matters. [12:05]Simon outlines some people-related considerations that need to be taken into account when planning a project. [13:48]Simon explains the issues that can arise from donations that fall into the category of ‘restricted giving’ (ie gifts that have been targeted at a specific outcome or purpose). [16:34] Clear communication is the best way for a charity to avoid unwelcome outcomes in this context while for donors, the answer is to state that their gifts can be used for general purposes / in any way that the charity feels is appropriate. [21:03]Simon concludes by referring listeners to Season 5 of this podcast for further content on the topic of ‘Giving’ and also encourages those working in charities to be encouraged and to keep making a difference. [22:38] The next episode in this season will focus on approaches that charities and churches can take to dealing with staffing and other business factors. [23:46]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In Episode 5 of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss how, when and with whom charities and churches should talk about money.Some key points of interest covered in this episode include the following:Simon starts off by suggesting that when it comes to talking about money, churches and charities should be proactive by initiating conversations, and also by determining their content and direction. [01:41] He adds that money cannot be a ‘secret topic’ for a church or charity for legal reasons and also because transparency and accountability are required in order to demonstrate that donations etc have been managed well and appropriately. [03:13]In response to a question from Bex, Simon identifies some key elements of communicating well about money: use a variety of methods to communicate because people assimilate facts in different ways; and create a picture (eg by telling stories) of how the money received has been transformed into positive outcomes for individuals and communities. [05:10] On a year-by-year basis, a ‘compare and contrast’ approach can also work well, especially if this includes some visual elements, such as charts and infographics. [07:10]On the topic of when and how often should churches and charities talk about money to their supporters / congregations, Simon suggests that the following approach is sensible and balanced: create (and explain) a ‘rhythm’ of regular (but not excessive) financial updates; stick to that cycle; be consistent in the way that information is presented on each occasion. [08:37]Simon notes that it is important to understand the reason behind any communication about money as that will affect the way in which it is conveyed and the outcome that is achieved. [11:14] Focusing on why a particular communication is taking place can also help us to ‘stand aside’, review and adapt it in a manner that helps to ensure that the listener receives the desired message in exactly the way that it was intended. [12:44]Simon goes on to suggest three key reasons for a charity or church to communicate regularly with its donors: to provide feedback on the benefits that are being achieved through their donations; to keep them informed so that they can be engaged and proactive in their giving; to inspire them to spread the word about the good outcomes being achieved through the donations received so far. [14:15]Simon agrees with Bex that a great deal can be achieved when people give their influence by endorsing or praising a cause. [17:01] He also notes that a well-crafted financial report of the type sent out by some charities once a year can be an effective way of getting a positive money message out to potential supporters. [17:55]Bex and Simon then discuss the benefits that can arise when a church or charity shares with its staff and volunteers regular, helpful and transparent updates on money matters and the outcomes being achieved. [18:26] Bex and Simon talk about how an Appreciation Dinner initiated by Simon has been a means of inviting others to hear about what can be achieved through giving and to get involved themselves. [20:52]In addition, partnerships forged through compassion and respect have the potential to achieve more than solo endeavours and can even lead to charities coming together formally in a helpful manner, in certain contexts. [22:11]Simon’s final exhortation is not to shy away from talking about money; even in difficult circumstances, it is important to keep communication channels open, and there can still be good stories to tell. [23:39]The next episode in this season will consider how charities and churches can make finances work for specific projects. [24:07]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In Episode 4 of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss how charities and churches can best manage their budgets and cash flow.Some key points of interest covered in this episode include the following:Simon starts off by explaining that managing budgets and cash flow well are vital factors to prioritise for anyone aiming to run a viable charity. [01:10]In response to a question from Bex, Simon notes that a charity must have its own dedicated bank account; in addition, each charity must also be managed and overseen by a board of trustees. [02:16]Simon goes on to explain that effective cash flow is a vital element of any charity: to fulfil its purpose, the charity will need to have money going out of its account as well as having money coming in. A sensible approach is to identify a manageable number of charitable objectives and to focus consistently on meeting those aims. [04:29] Bex asks Simon how a charity should aim to balance its financial commitments and charitable obligations with unpredictable income, as experienced by many charities. He comments that a sensible, business-inspired attitude can serve charities well in this context, especially in terms of adopting a flexible approach that includes prudent contingency plans for unexpected necessary expenditure. [06:54]Bex notes that the task of balancing expenditure to income can create an additional layer of complexity for faith-based charities because of their belief in the possibility of divine provision. Simon reflects on his own experiences as a trustee of endeavouring to achieve an appropriate balance between trusting in God for successful outcomes and managing a charity’s finances in a responsible and legally compliant manner. He suggests, also, that it should always be borne in mind that the money held by a charity exists not as a goal in its own right but in order to serve a defined purpose. [09:19] When it comes to the personnel dealing with a charity’s finances, Simon highlights the importance of ensuring – even in ‘a one person charity’ - that individuals in such roles are well equipped and supported to deal with all relevant tasks and responsibilities. [11:45] Effective communication and oversight are also very important to good financial management, especially in situations where there are several budget and sub-budget holders. [13:09]Major providers of support and training for those involved in managing a charity’s finances include organisational and local networks, as well as the charity, Stewardship. [14:12]Simon provides more detail about how a charity can prepare itself for unexpected financial challenges by planning wisely, anticipating specific scenarios and prioritising effective and targeted communication about best practice and contingency plans. [16:23]Another benefit of having good systems and communication in place is that they can enable charities to make sensible adjustments to budgets and financial priorities on an ongoing basis rather than having to wait for an annual review to make such changes. [20:02]Simon also draws attention to the need to make objective, evidence-based decisions on current performance and priorities rather than falling for the ‘sunk cost fallacy’ by continuing with tasks and projects simply because so much time and effort has been invested in them already. [22:47]Simon encourages churches and faith-based charities not just to rely on money to solve problems but to continually bring situations to God and to seek wisdom regarding how best to focus on creating benefits for people and communities. [25:15]Simon concludes by commenting that finances are ‘the beating heart’ of most charities, meaning that charities and churches need to make sure that they have at least one person with the appropriate financial skills in their set-up. [26:47]The next episode in this season will consider what kinds of conversations about money should take place within charities and churches: how, when and with whom? [27:44]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In the third episode of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss possible revenue sources for charities and churches, and how best to interact with them.Some key points of interest covered in this episode include the following:Bex and Simon start off the discussion by identifying possible sources of revenue for charities and churches, including individual donors, companies, grant-making bodies, other charities and government organisations. [01:34]In response to a question from Bex, Simon talks about possible responsibilities and obligations that may arise when making applications for financial support from sources other than individual donors. [03:54]When thinking about how best to attract individual donors, Simon suggests that the primary focus should be on building a community of engaged supporters, with the first task being to identify like-minded people who are most likely to be committed to the vision and purpose of your church or charity. [05:15]When asked about what it takes for people to give to a cause, Simon suggests that making a personal connection is vital. People tend to respond positively when it is clear that a charity or church is relevant to them and is making a difference to a situation or issue that is important to them. [08:09] A related point that should not be underestimated is the ability to leverage additional support that can be accomplished by supporters who share enthusiastically with others their passion for a charity or church. [08:56]When asked what would encourage her to give to a cause, Bex comments that she responds positively to personal connection and relevance, and also to evidence that a genuine difference is being made. [10:26] Factors that tend to inhibit her from giving include a ‘cold approach’ on the doorstep that insists on an immediate response or an appeal for money that disregards other aspects of an individual’s involvement with a charity. [11:48] Simon goes on to speak about the importance of integrity and transparency when making such approaches. [12:36]Simon talks about how individuals can give to charities, including the following points: cash donations; regular giving through bank transfers / standing orders; lump sums; and fundraising activities. [14:48] Two tax-efficient ways to give to charity are to leave a legacy in your will [17:09] and to take advantage of gift aid. [19:34]Simon goes on to explain how matching donation schemes work [20:51], and he also highlights the advantages of planned spontaneous giving in that context. [21:55]If a charity is faced with the unwelcome prospect of running out of money, the following two approaches can be helpful: try to maximise current income sources; ensure that you abide by charity legislation and that you have set up a contingency plan for this kind of circumstance. [22:39]The next episode in this season will focus on budgeting and cash flow issues that can arise when managing the finances of a church or charity. [25:02]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In the second episode of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss key financial principles and first steps for charities and churches that are at an early stage of their development. Some key points of interest covered in this episode include the following:First of all, Simon explains that there are various legal and regulatory requirements that need to be fulfilled when setting up a charity. These include compliance with HMRC guidelines, providing annual accounts and following legal advice when communicating about the charity and initiating its activities. [02:05]Secondly, Simon emphasises the need to ensure, through internal communication, that the charity meets the requirements of being a ‘going concern’. This process includes various key activities, including the following tasks: setting budgets; identifying goals, objectives and priorities; monitoring and managing cash flow; responding in a timely and effective manner to changes in circumstances. [04:09]Simon notes that mistakes and difficulties can arise within charities and churches simply because those involved are so often volunteers or enthusiasts who do not have the business skills and experience that would be helpful when dealing with some of the challenges that can arise. It can be important, therefore, to ensure that people are allocated to appropriate roles, good internal communication is facilitated (eg regarding budgets), and external help is sought when required. [11:06]Thirdly, communication with external parties - such as supporters, volunteers and donors - should always be a top priority for charities, not least because they are so reliant on the support of the individuals in these groups if they, and their activities, are going to flourish. Examples that Simon provides to illustrate this point include a presentation made to a bank when requesting a mortgage and explaining to a congregation what a difference it can make to church finances if giving is done through standing order rather than on an ad hoc basis. [13:54]Bex notes the impact that it can make when a charity identifies and celebrates life-changing outcomes that have been made possible by supporters’ donations. [16:41] This prompts Simon to mention the concept of ‘anchoring bias’ and that it can be important for a charity or church to gauge the ‘culture’, circumstances and expectations of its audience when putting out communications. [17:52]In response to a question from Bex, Simon shares some thoughts on how a charity or church might need to adopt different approaches and styles when endeavouring to make requests for donations in a way that will take account of the whole spectrum of financial ability to give within an audience. [19:59] Simon rounds off his comments by encouraging those involved in church or charity finances to seek out the help and resources that are out there and to concentrate on building up a vibrant community of loyal and committed supporters. [23:11]The next episode in this season will consider the various ways in which churches and charities can acquire the money that they require to fund their activities. [25:10]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In the first episode of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss why money is a key issue for churches and charities and why they need to be able to talk about money openly and confidently.Some key points of interest covered in this episode include the following:Simon and Bex introduce themselves [00:48] and explain that the focus in this season will be less on personal money matters and more on dealing with faith and finance issues from a church or charity perspective. [02:39]Simon starts off the discussion by asking Bex why it is necessary to talk about money topics relating to churches and charities in a different way from how we talk about financial matters that affect individuals or businesses. [04:37] In response to a question from Simon, Bex describes her expectations of a charity or church and, in particular, comments that she would anticipate that they will use her money ‘to do something good in the world’. [06:39]When asked by Simon why churches or charities should ensure that they talk about money, Bex speaks about the importance of using good communication to build trust and goodwill in pursuit of a shared interest. As Simon puts it, we give money to churches and charities to do a job for us that we can’t do ourselves, and it is therefore important for us to receive feedback on the progress that is being made to achieve our shared goals. [07:48]A key recommendation from Simon to churches and charities is to communicate with their supporters how the money that has been received has led directly to hoped-for, good outcomes being accomplished. [09:19]Bex comments that talking regularly and openly about money can help churches and charities to demonstrate that their ‘whole image’ does ‘add up’ and that they are consistently acting with complete integrity, as desired and required by their supporters. [10:07]Because of the tremendous contribution that charities make to society, they are given ‘registered’ status and certain tax advantages by the Government, but these also come with various legal responsibilities and a requirement to be accountable and to report fully and accurately (to HMRC and also to The Charity Commission or Scottish Charity Regulator) on their activities. [10:59]Bex and Simon discuss the roles and responsibilities of the trustees of a charity [14:25], including the very important contribution that they, along with the staff of a charity or church, make by communicating with professional / legal bodies, with those working or volunteering for the charity, and also with supporters of the charity. [15:58]In a discussion of key principles for communicating to supporters on behalf of a charity, emphasis is placed on the importance of explaining clearly and in detail how donations have been turned into positive outcomes, such as volunteer activities. [21:28] Being open and proactive is also recommended: for example, by proffering answers to key questions rather than waiting for those questions to be asked. [22:41] It is also noted that telling a variety of relevant and uplifting stories is a great way of illustrating how a charity has been able to make a real difference to people’s lives and experiences. [23:32]Simon invites questions and feedback from listeners. [25:32]Episode 2 of this season will consider ‘Key Principles and First Steps’ for charities and churches that are at an early stage in their development. [26:14]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In the final episode of this Faith and Finance Top 10s season, Jim Grimmer, founder of P3 Business Care shares his top ten faith and finance priorities for Christians in business.Some key points of interest covered in this episode include the following:Jim introduces himself and talks about P3 Business Care (a community interest company and social enterprise) [01:17], before going on to explain how he became a Christian. [03:25]Jim’s first top tip is to have integrity in all transactions, ‘doing the right thing even when no one’s watching’. Proverbs 10.9 adds weight to this point: ‘Whoever walks in integrity walks securely, but whoever takes crooked paths will be found out.’ [05:20]Top tip number two is to approach every aspect of business through the lens of being ‘a good steward’ of the finance and resources with which God has entrusted us. [07:04]Thirdly, Jim highlights the importance of seeking wisdom from God (James 1.5), ethical decision-making and standing firm on our convictions. [08:46]Next, Jim talks about generosity and giving as ‘a heart issue’, as illustrated by 2 Corinthians 9.7: ‘Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.’ He goes on to suggest a number of ways in which businesses can be generous in both financial and practical ways. Bex draws attention to the additional content on ‘Giving’ that was covered in Season 5 of this podcast. [10:28]Jim emphasises the importance of valuing employees, treating them fairly and upholding dignity in the workplace. [11:44]Jim suggests that financial literacy and education should be prioritised in order to equip employees to carry out business tasks and to help them deal with challenges and issues that could otherwise have a detrimental effect upon their wellbeing. [14:31] From personal experience, Jim describes some of the benefits – including accountability, collaboration and mutual encouragement - of developing faith-based, business-related communities and networks. [16:51]Another key point from Jim, and one that epitomises how P3 Business Care operates, is faith integration: weaving our beliefs into business practices. As well as enabling Christians to be fully themselves in the workplace, this approach can create nurturing and inspiring environments. When, for example, leaders model faith-driven decision-making, prioritising people over profits, this can set the agenda in a stimulating and very positive manner. [18:46]Jim’s penultimate tip is to avoid debt, not least because a business taking on debt can become obligated to those from whom they borrow, as suggested by Proverbs 22.7: ‘The rich rule over the poor, and the borrower is slave to the lender.’ Jim and Bex go on to mention Christians Against Poverty, which is a debt charity that can provide great support for anyone grappling with debt issues. [21:58]Jim’s final top tip, and the hundredth of this season, is to seek God’s guidance in decision-making through prayer and discernment. He explains some of the practical ways in which P3 Business Care seeks to put into practice the verses from Proverbs 3 that led to ‘P3’ being used in its name: ‘Trust in the Lord with all your heart and lean not on your own understanding; in all your ways submit to him, and he will make your paths straight.’ [24:56]The next season of the podcast, airing in 2025, will look at financial matters associated with churches and charities; anyone involved in those areas is encouraged to send in requests for topics to be discussed. [28:43]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In Episode 9 of this Faith and Finance Top 10s season, guest contributor, Dave Hall, shares his top ten money tips for teenagers.Some key points of interest covered in this episode include the following:Dave introduces himself [01:24], explaining how he became a Christian [01:57] and the steps that led him to become Youth Pastor of Catalyst Vineyard Church, Aberdeen. [03:26]Dave’s first top tip is to be a good steward. [06:12]Top tip number two is to live simply and to be generous with any surplus. [07:56]Thirdly, Dave highlights the importance of regarding money as a tool. Of itself, it is neither good nor bad; rather, it is ‘the love of money’ (1 Timothy 6. 10) that creates issues. [10:17]Next, Dave uses the example of King David (2 Samuel 24) to illustrate the importance of giving ‘until you feel it’ in response to God’s love and out of a desire to bless others. [12:31]Another key point for teenagers to take on board is to realise that the way that they use their money can have significant and far-reaching consequences. [15:26]Dave draws attention to the ways in which teenagers are influenced these days and suggests that they are more interested than we might think in receiving input from wise, genuine, trusted adults whom they know. [18:18] Arising from his own experience, Dave’s next tip is to learn budgeting, with the Christians Against Poverty Money Course being recommended as one good source of information and instruction on this topic. [21:57]Dave also feels that teenagers can benefit hugely from learning the value of saving and also of delaying gratification. [23:06]Dave’s penultimate tip is to be open and accountable about money matters, with ‘loud budgeting’ receiving a mention as a relatively new trend that could be helpful in this regard. [25:26]Dave’s final top tip is to have conversations about money little and often rather than relying on lengthy, one-off discussions. [27:28]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In Episode 8 of this Faith and Finance Top 10s season, Simon and Bex discuss ten top tips for Christians in the Workplace.Some key points of interest covered in this episode include the following:Simon’s first top tip is to know what we think about money and to have a good grasp of key values that will determine how we deal with financial matters in the workplace. [01:48]Top tip number two is to know why we are working, beyond simply to acquire money to pay the bills. Simon recommends ‘God at Work’ by Ken Costa as a book that can be helpful and thought-provoking on this theme. [04:16]Thirdly, Simon highlights the desirability of understanding the financial world and its challenges, issues and complexities. [07:52]Next, Simon talks about the importance of bringing our work before God on a regular basis. [10:08]Another key point is to talk openly with others about our work and, in particular, to endeavour to find peers operating in a similar line of work with whom we can share insights and queries. [12:08]Top tip number six is to embed generosity and giving into our beliefs and actions around work and the workplace. [14:37]In addition, the ability to develop and apply our values across a whole range of workplace situations can really help us to respond consistently in a godly and appropriate manner to new challenges and predicaments. [17:12]There can also be great advantages in building up a network of contacts with relevant skills and knowledge who can help us to anticipate issues, as well as being available to provide support, wisdom and encouragement in a bespoke and meaningful manner when necessary. [19:42]Simon’s penultimate tip is to encourage us to be bold and courageous in the workplace, to respond to prompts from our conscience and to stand up for what we believe to be right. [21:47]Simon’s final top tip is to reread Proverbs regularly because it has so much to say about money that can bring wisdom, thought-provoking insight and a godly perspective. [24:25]In the penultimate episode in this season, a guest contributor in the form of Dave Hall, youth pastor, will be giving his top ten tips for young people wanting to manage their money well. [25:52]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In Episode 7 of this Faith and Finance Top 10s season, Simon and Bex discuss ten top tips in connection with preparing for retirement.Some key points of interest covered in this episode include the following:Simon’s first top tip when planning for retirement is to start early. [01:14]Top tip number two is to try to keep abreast of the current, basic rules affecting pensions. Various websites such as Gov.UK, Money Saving Expert and those belonging to debt charities, such as Christians Against Poverty, can be very helpful in this regard. [03:17]Thirdly, Simon stresses the importance of maximising one’s State Pension eg by buying additional years, if need be. The Money Saving Expert website has some particularly helpful articles on this topic. [06:10]A tip for those who are one or two years off retirement is to maximise their pension contributions during that period. [08:57]Because of the number of different pension schemes available these days, the next tip is to ensure that you understand fully the nature of your pension arrangements and, in particular, the best way of taking money out of your pension(s). [10:09]Simon explains why it is important to create a retirement budget and to take account of how the cost of living might change over time. [11:49]The next priority identified by Simon is to collate information about your possible sources of income during retirement so that your plans can be as realistic as possible. [15:32]Simon suggests that, depending on circumstances, a useful tip for some people could be to consider consulting a financial planner. [17:10]Simon’s penultimate tip is to start applying for pensions early; don’t wait until just before you retire as it’s not an instant process. [20:15]Simon’s final top tip is to consider phased retirement, if that is an option for you. [21:51]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In Episode 6 of this Faith and Finance Top 10s season, Simon and Bex discuss ten top tips for dealing with debt.Some key points of interest covered in this episode include the following:Simon’s first top tip for dealing with debt if it has become an issue for us is to admit that we are ‘in debt’. [01:21]Top tip number two is to quantify and define our debt, including acknowledging the situation if the debt is best described as being ‘unmanageable’. [04:37]Thirdly, Simon stresses the importance of asking for help and support, especially if the debt is ‘unmanageable’, in which case professional assistance is available from the likes of Christians Against Poverty. [06:37]Next, Simon highlights the need to make a list of all our debts and their details because an effective action plan cannot be drawn up without that information. [08:50]When implementing an action plan, we should aim to create a balance between achieving our repayment goals as quickly as possible and building in budgetary resilience that will keep us on track even when unexpected expenditure occurs. [10:03]Simon outlines a couple of ‘snowballing’ options that can be used as the core element of a plan to pay down the debts we owe. [12:24]Tackling debt issues can be challenging and emotionally draining, so Simon encourages us to celebrate our debt-related ‘victories’ – which can come in a variety of different forms - in an appropriate and meaningful manner. [15:32]Simon explains how we can consolidate and rationalise our debts without having to pay a third party to do this for us. [18:08]Simon’s penultimate tip is to avoid short-term thinking; taking the long view is a real key to success when it comes to debt management. [20:13]Simon’s final top tip is to allow our attitude to money to be shaped by the biblical principle of avoiding the love of money and, instead, use money as a way of expressing love to others. [22:05]The next episode in this season will comprise ten top tips about preparing for retirement. [24:32]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In Episode 5 of this Faith and Finance Top 10s season, Simon and Bex discuss their Top 10 Tips for Investing.Some key points of interest covered in this episode include the following:Simon’s first top tip on this subject is to consider the investing options for our financial circumstances only once we have put in place the foundational budgetary practices that best suit our needs. [01:36]Top tip number two is to be clear about our objectives (‘give every pound a purpose’) and to understand the timescale for each objective. [03:52]Thirdly, Simon explains the importance of understanding the nature of risk and of being able to evaluate the level of risk associated with the options available to us at any one time. [05:46]Next, Simon suggests that minimising investment-related costs is a sensible approach to take and, if done thoughtfully, can be achieved without compromising the benefits that we are aiming to receive from investing. [07:26]On a related note, Simon highlights the advantages of maximising the various tax efficiency options that are legitimately available to us. [09:50]When it comes to the practicalities of how and when to invest, Simon suggests that keeping things simple by automating our investing (and creating a ‘pound cost averaging’ approach through that process) can be helpful and cost-effective. [12:25]Simon would also encourage us to review our investments from time to time (eg annually) but would urge us not to check on them frequently because they are long-term processes that can involve significant, but irrelevant, fluctuations in the short-term. [13:36]In addition, Simon would advise against trying to ‘time the market’. [15:26]Simon’s penultimate tip is to take an evidence-based approach so that we avoid being drawn into ‘speculating’ rather than ‘investing’. [18:27]Simon’s final top tip is to recognise the significance of investment decisions by researching the options thoroughly and by taking appropriate advice (which can generally be available without incurring cost). [20:29]The next episode in this season will focus on top tips for dealing with debt. [23:02]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In Episode 4 of this Faith and Finance Top 10s season, Simon and Bex discuss their Top 10 Tips for Giving and Being Generous.Some key points of interest covered in this episode include the following:Simon’s first top tip for giving and being generous is to give first and then budget with what is left. [01:17]Top tip number two is to decide how much to give before we decide to whom we wish to give. [04:34]Thirdly, Simon explains the principle of giving regularly but also on an ad hoc basis. [06:13]Next, Simon talks about the benefits of being deliberate in the act of giving even when it happens through an automated process. [07:01]Simon highlights the importance of using the likes of Gift Aid and automated money transfer options (such as standing orders and direct debits) to help us to be as efficient as possible in our giving. [09:37]Another important element to prioritise is to review our giving on a regular basis. [11:29]Simon explains why he would suggest that we commit ourselves to giving to a cause for a specific period of time and communicate that arrangement clearly to those to whom we are giving. [13:13]Simon encourages us to include others in our giving endeavours so that they can learn from that involvement and can be inspired to go on to experience for themselves the joy and benefits of being generous. [15:26]Simon’s penultimate tip is to be inquisitive about the charities to which we are giving and to develop a meaningful connection with them. [18:06]Simon’s final top tip is to recognise that giving isn’t just about money; there are many ways in which we can make significant contributions to the charities that we wish to support. [19:49]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In the third episode of this Faith and Finance Top 10s season, Simon shares his Top 10 Tips for Practical Budgeting.Some key points of interest covered in this episode include the following:Simon’s first top tip for practical budgeting is to itemise carefully all of our income so that we know how much money will be coming in monthly and over the course of a year. [01:43]Because of the great importance of giving and being generous (as discussed in Season 5), Simon suggests that top tip number two should be to decide how much we are going to give. [04:02]Thirdly, Simon highlights the importance of prioritising budgetary items through a process of identifying essential payments and then discretionary items, with the latter category being ranked according to their importance to us. [05:33]Top tip number four is ‘Write it down!”. [07:33]Next, Simon suggests that we should ensure that we review our financial commitments regularly. [09:32]Simon explains the ‘three bank account system’, which can help us manage our money according to the type of expenditure involved; ‘pots’ that are available through banking apps can be used to achieve the same outcome. [11:06]Simon explains how we can put in place an arrangement for coping with less frequent, but potentially very significant, expenses [14:22]Another key principle is to focus on reducing and then eliminating any debts that we may have. [17:16]Simon’s penultimate point is that we should try to balance our budget on an ongoing basis so that we are living within our means. [20:39]Simon’s final top tip on practical budgeting is to develop the habit of saving to buy rather than borrowing to buy. [22:21]The focus of the next episode in this season will be on generosity when Simon and Bex will discuss ten top tips relating to giving well and effectively. [24:28]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.

In the second episode of this season of Faith and Finance Top 10s, Simon talks about his Top 10 Ways to Achieve a Healthy Relationship with Money.Some key points of interest covered in this episode include the following:Simon explains that this episode is designed to be a practical guide to developing a healthy relationship with money. [01:10]Simon’s first top tip is budgeting because of the immediate, practical benefits of putting in place a deliberate and organised way of managing money. [01:29]Top tip number two is to recognise that our relationship with money can have a strong emotional aspect, which needs to be understood and managed. [03:46]Thirdly, Simon stresses the importance of establishing healthy and wholesome priorities, as captured by the saying, ‘Use money and love people; don’t use people and love money’. [05:38]Next, Simon suggests that it is worthwhile to be aware of, and to reflect on, the idea of ‘the marginal return of money’. This theory acknowledges that money can be very important and desirable for people with little or no money but suggests that once someone has ‘enough money’, ‘more is not always better’. Bex draws attention to a BBC Radio 4 ‘Money Box’ episode on this theme, which may be of interest to listeners. [06:21]Simon encourages listeners to avoid accumulating more and more possessions; instead, a thoughtful and well considered approach of buying ‘experiences’ can prove to be beneficial, especially when used to deepen and enhance relationships with others. [08:46]Another principle that can have emotional as well as practical benefits is, ‘Pay now; consume later’. [10:48]Simon also highlights the importance of ‘valuing things that money can’t buy’ and of freeing up time to spend on the activities and people that are most important to us. [14:31]’Making it a treat’ is another approach that can help us to use our money in an effective and fulfilling manner. [17:17]Simon’s penultimate point is the vital one of making sure that we talk about money with others normally, naturally and regularly. [19:05] Simon’s final tip for developing a healthy relationship with money is to make a habit of saving regularly, even if that involves only small amounts at a time. [21:33]The next episode in this season will focus on top tips for practical budgeting. [23:40]Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting. You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.