All about money: Ask the experts

An image of Gareth Trainor to support the Standard Life Savings blog post on ethical funds and investments and him talking about money management

News & Insights

Gareth Trainor

11th September 2015 at 10:52am

Saver or spender – what’s your approach?

Spend it – and do it before the kids grow up and realise they don’t have an inheritance! Seriously though, my lovely wife is a saver so let’s just say we find the middle ground.

What does money ‘mean’ to you?

What’s important to me is what it allows me to do with, and for, my family. Holidays, activities, helping my kids with their plans – those things are meaningful.

What’s the best money move you have made?

Signing up to a three-year work sharesave scheme was a smart move. Basically it was a no lose scenario. If the share price went down I got my money back and if it increased I got to buy shares at their starting price. The price was £1.56 at the start and £4.80 or so at the end – happy days.

What’s the one piece of financial advice you would pass on?

Write it all down. When you stare at your finances in black and white you can’t bury your head in the sand. An organised spreadsheet will keep you right and help you plan to make your money meet your goals.

When was the last time you felt guilty about expenditure?

When I spent the money I got from my sharesave scheme. Instead of putting it to the mortgage I bought a wee sports car to keep my lawnmower company in the garage. I may feel a little guilty but I wouldn’t swap it for the world.

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Watch Gareth’s recent video on investing in retirement here.