No longer updating

It's a shame, but I'm no longer updating this website. Busy setting up new ventures.

I'll leave it up for anyone who's interested.

Thanks to all regular readers, and all the best for the future.

Cheers, PJ

Youth money thoughts

Anyone can learn about money.

Anyone can help anyone else learn.

Making mistakes doesn't mean you're hopeless.

Managing money is a lot about relationships & understanding other people.

Good financial education is not about turning people into more savvy consumers.

Good financial education starts with young people's interests and builds on their strengths.

Inside money

Unlicensed lender complaint logged

The Office of Fair trading has logged my complaint about two websites offering loans to young people that are apparently unregistered and unlicensed. The sites, loans for young people and loans for 18 year olds, do not seem to have a consumer credit licence – a legal requirement in the UK.

The OFT, along with [...]

Inside money

Dodgy internet loans

Search the internet for “loans for young people” and you may come across a site called, plainly enough, loans for young people.

Its tempting offers should ring warning bells. It says it provides secured and unsecured loans to 18-30 year olds with a job. Bad credit history is no barrier. There is a promise of [...]

Sources of help

Affordable credit

Credit union

A young mother borrowed £1,000 from a doorstep lender to pay for furniture. Two years later she had repaid the company £3,800 at a rate of £159 a month. She still owed £600.

Hers was one of the case studies featured recently at an event hosted by Leeds City Credit Union.

The credit union gave [...]

Inside money

Payday loans on the edge

A charm offensive has begun from providers of payday loans. These companies offer cash advances to over-18s who are in work. They’re attractive because they are easy to get and don’t require a good credit history. They’re unattractive because they are very expensive, and likely to trap people in a spiral of increasing debt.

Some [...]