We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info
Kia, who hosts the Pennies to Pounds podcast, 23, shares money tips to thousands online. The savvy spender began by assisting her friends and university, and now runs the award-winning podcast and financial literacy online hub Pennies to Pounds.
After going viral on her Twitter, where she boasts 20,000 Twitter followers, for sharing an ISA guide, she now hosts discussions on the podcast, talking about the likes of credit checks, mortgages and scams.
She explained one clever savings trick, which could prevent you from dipping into your savings.
The 23-year-old told Express.co.uk the trick is the best thing she ever did for her own finances.
Kia explained she set up savings accounts without online banking.
“You know, I’m still human. I think, ‘Oh I want to get that, I’ll just dip into my savings’,” she explained.
“But I have two or three savings accounts where I’ve automated the savings, so they come out of my debit every month.
“But, because I don’t have online banking for those account, I can’t be tempted to just log on and take out the money.”
The expert went on: “I’ve got to get my ID, go to the bank and make that withdrawal.
Save £1000 painlessly – hit your savings goals [INSIGHT]
Mum of three shares hacks for huge savings – three pizzas for 20p [TIPS]
How you could save more than £3,000 in a year [GUIDE]
“I think that’s really helped me to keep my savings and not dip into it, and be a lot more disciplined.”
The saver, who hosts tips and savings challengers on her Instagram account, explained it’s a tip she adapted after being advised to do something similar as a teenager.
“That was one of the tips my parents gave me when I was 17, and as I got older I thought this is really good, I’m going to have a savings account for this and that.
“When you set up an account you don’t have to sign up for online banking, so you just don’t select that option.”
Kia explained her journey to running her own financial literacy programme.
She said: “I have always been interested in personal finance. My parents, when I was younger, taught me about fiance. As I got older, they taught me different money lessons as I was growing.
“The first money lesson I learned was having a money box, where my parents would put money I was given as presents.
“When I got to the right age, at about 11, we opened a savings account, a junior account. My mum walked me to the bank and I got a little savings book. My mum would take me once a month to put in my change.”
After learning financial responsibility at young age, she realised not all her peers benefited from the same education while at university studying French and Business.
Kia said: “When I went to university and moved away from home, that’s when I had the shock. Even though I had been taught lessons by my parents, putting it in practice is another lesson – learning how to manage bills, budgets and manage shopping. I was really good at it, but it was still an adjustment period.
£I noticed I had a lot of friends who were very much struggling. I helped my friends budget money when they needed help. Then I realised, you know what, if my friends are struggling, other young people our age are struggling.
£So, I set up a Youtube channel in 2018, when I was 20, where I created Youtube videos on PF.
“I was still trying to find my flow and it didn’t have the reception I was anticipating initially, so I put it on pause.
“It was later in 2019 when I wrote a thread about the Help to Buy Isa, that ended up going viral. People were asking for me to write more threads. Then they asked me to do something else, they wanted to consume the content in another way, so I set up the Pennies to Pounds podcast.”
Now Kia provides guidance on her Youtube to almost 2,000 followers and on TikTok to almost 10,000 followers here.
Source: Read Full Article