Let’s #TalkMoney: A newbie’s journey from borrowing to Boring


Hello. My name is Jamie.

I'm Boring Money's new Content & Community Manager, and I’m a borrowaholic.

Right then, that’s the first step done of Money Advice Service’s Talk Money Week: start the conversation. It’s often the hardest bit, like pushing a bobsled towards the edge of a cliff. Once you’re off, the momentum will take you where you need to go. It’s the anticipation that sparks panic…  

What if they call me an idiot for thinking ‘stocks’ are a medieval torture device?

What if they’re ashamed of me for taking that payday loan?

What if – and this is the big one – what if they say it’s too late to change?

Whether you’ve struggled with personal finance before or not, talking about money just isn’t done in this country. We’d sooner spill hot tea into our laps than reveal the gaps in our knowledge, bank accounts or fragile egos.

Even in school we were never taught about it. We learn about standard deviations – useful if you find your way to becoming a stock market day trader – but not simple things like opening a savings account, why you need a private pension, or what the hell a credit score is. And that’s a real problem.


Defusing a bomb with safety scissors

It’s so easy to overcome financial ignorance (and all the demons that come with it) when you know how. Or, more to the point, when you’re shown how.

For me, joining Boring Money has been the baptism of fire I needed. To shed the blinkers, accept that there’s so much advice out there, and to finally #TalkMoney. It’s actually pretty simple, really. Most people – once you find out which Money Tribe you belong to – can brush up on all the basics they’ll need by reading their tribe’s tailored how-to guides.

For me, a Rebellious Renter with Suspicious Saver tendencies, I now know at least three ways to squeeze free money from the government and my employer. (Sorry, Holly!) One way involves Workplace Pensions, another is the Help to Buy scheme, and another is the Lifetime Investment Savings Account (LISA). Find out which ones are suitable for you.

Oh! And I’m even gearing up to invest a few quid in the stock market when payday arrives. All it took was learning that, over any 10-year period since records began, shares did better than cash 9 times out of 10. And rather than having to get out my GCSE Maths books to look up standard deviation, I can just download an app that does everything for me. Booya!


Where to go now you’re in money mode

Naturally, my comprehension growth spurt has been helped by working with one of the UK’s savviest financial minds, but Holly has made it so easy for you to build your confidence too. So I suggest your next stop to be our Money Tribe quiz. Seriously. It works wonders.

After that, why not follow Money Advice Service’s tips to #TalkMoney with your friends? You might find they’ve been just as keen – and just as scared – to bring it up as well. Good luck!

What's next?

Join the thousands of people who get our weekly musings on money, great products, top tips and a dollop of opinion.

Sign up for Holly's blog

Tribe_Product_savings apps_2.jpg

Savings App-iness

When it comes to saving and investing, as much as possible and as often as possible would be a good plan for most people. Richard Allum explains what apps there are to help you invest and save easily.

Savings App-iness

GMW Holly's 5 tips.jpg

Good Money Week: Holly's 5 Financial Tips

Happy 'Good Money Week', and glad financial tidings to you all! Festive salutations aside, if you weren't aware this year UKSIF (the UK Sustainable Investment and Finance Association) are championing their 13th Good Money Week, which campaigns each year to help grow and raise awareness of sustainable, responsible and ethical finance.

Good Money Week: Holly's 5 Financial Tips

Learn the Tribal Way

What have other people been doing? Learn from their experiences. 

You may think the stock market is risky. But you know how important it is to save and are fed up with getting pennies in interest every year. Overcome your suspicion and see what investing is really like.

Suspicious Savers


No Comments Yet

Leave Comment

Related Questions

Got a Question?

Sign up for Holly's blog

Stay up to date

Our free weekly blog with Holly's
no-nonsense opinions, tips & food for thought.
If you change your mind, you can unsubscribe at any time. We'll never share your details and you can unsubscribe any time.