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 whereyourtreasureis@freerangepodcasting.co.uk 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...

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 whereyourtreasureis@freerangepodcasting.co.uk 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 whereyourtreasureis@freerangepodcasting.co.uk 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