Listen to Episode 455
On this week's episode we look at the launch of the new NS&I British Savings Bond. How does it work, who is eligible and is it any good? We then explain the new rules that have come into force allowing parents of children as young as 2 years old to get 15 hours of free childcare a week. Finally, we look at the Loud budgeting phenomenon that has taken social media by storm.
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Episode Quiz
Here are five multiple-choice questions to test yourself after listening to this week's episode.
Questions:
- What is the minimum age requirement to buy a British Savings Bond?
- A) 16
- B) 18
- C) 21
- D) 25
- What is the minimum investment amount for a British Savings Bond?
- A) £100
- B) £250
- C) £500
- D) £1000
- What is the interest rate for the new NSI British Savings Bonds?
- A) 3.5%
- B) 4.15%
- C) 4.75%
- D) 5%
- What significant change impacting childcare costs is mentioned?
- A) Free-childcare will be abolished
- B) Mandatory decrease in the cost of childcare
- C) Introduction of a new childcare voucher scheme
- D) Expansion of free childcare to more age groups
- What is the main theme of the "loud budgeting" trend?
- A) Investing aggressively in the stock market
- B) Announcing financial goals publicly for accountability
- C) Being open about budgeting and financial boundaries
- D) Loudly protesting against price hikes
Answers:
- A) 16
- C) £500
- B) 4.15%
- D) Expansion of free childcare to more age groups
- C) Being open about budgeting and financial boundaries
Resources:
Links referred to in the podcast:
- NS&I launches new British Savings Bonds - Are they any good?
- Best Savings Accounts in the UK
- Build a cash savings ladder
- How to apply for 15 hours of free childcare for 2-year-olds
- How does tax-free childcare work?
- Best Savings Accounts in the UK
- Sign up for the Money to the Masses newsletter
- Join the MTTM Community group
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