Podcast Summary
Leverage LinkedIn for hiring and find cost-effective wedding solutions: Small businesses can find skilled professionals on LinkedIn, saving time and resources compared to other job sites. Couples can save on wedding costs by entering a competition to find the best money-saving tips from experts.
LinkedIn is a valuable resource for small business owners looking to hire professionals. It's like fishing in a fish tank to look elsewhere when over 70% of LinkedIn users don't visit other leading job sites. With LinkedIn, you can find professionals who aren't even actively searching for a new job but might be open to the perfect role. On a different note, planning a traditional white wedding can be expensive, with the average cost being around £24,270 in the UK. However, it's important to note that costs can vary greatly depending on the location. Parents used to cover all the expenses in the past, but now the financial burden is often shared between the couple and their families. To help couples save money on their big day without compromising on romance, FT Money is launching a competition to find the best bridal money-saving tips. Experts like Hamish Shepherd from Bridebook, a free online wedding planning service, can provide valuable insights and advice on making the most of your wedding budget.
Budgeting is key to avoiding debt in married life: 32% of couples didn't budget, 36% went over, biggest costs are venue, time of year, and guests, consider all costs before making decisions
Setting a budget is crucial for newly engaged couples to avoid starting their married life in debt. According to recent data, 32% of couples didn't even have a budget, and 36% ended up going over their budget. The biggest costs often come from the venue, the time of year, and the number of guests. For instance, getting married in April instead of June or having a midweek wedding can significantly reduce venue costs. Being meticulous about the guest list and prioritizing what's important to the couple can also help keep costs down. For example, a marquee wedding might seem like a dream, but it can actually be 40% more expensive due to additional costs like generators, flooring, and decoration. Therefore, it's essential to consider all costs before making any decisions to ensure a spectacular wedding within the budget.
Effective Tips for Couples to Save Money on Their Wedding: Consider using tech for RSVPs, DIY confetti and favors, buying alcohol during sales, and having a friend bake the cake to save money on a wedding. Be cautious of online betting to avoid financial problems.
There are various ways for couples to save money on their wedding without compromising on essential elements. Hamish Shepherd, the founder of Bright Book, shared some effective tips, such as using technology for postal RSVPs, making confetti and wedding favors yourself, buying alcohol during sales, and even having a friend bake the wedding cake. Another area to consider is being cautious about online betting, which can be addictive and lead to financial problems. Lindsay Cook, the FT's money mentor columnist, warned about the ease and accessibility of online betting, which can lure people into a false sense of security and lead to unwanted financial consequences. Overall, it's essential to plan carefully and make informed decisions to ensure a memorable wedding day without breaking the bank.
Gambling: A Dangerous and Addictive Activity for Some: Gambling can lead to significant financial losses, even from small bets, and should be seen as a form of entertainment, not a means to make money or make watching sports more exciting.
Gambling, particularly sports betting, can be a dangerous and addictive activity for some individuals, especially those who are feeling depressed or dissatisfied with their lives. People often start out betting on their favorite teams but can quickly get drawn into a cycle of placing multiple bets on various outcomes, leading to significant financial losses. This is true not only for large bets but also for small, seemingly insignificant ones, such as online poker or bingo. The gambling industry profits immensely from these losses, and parents should be aware of this and educate their children about the potential dangers of gambling. It's essential to help young people understand that gambling should not be seen as a way to make money or as a means to make watching sports more exciting. Instead, it should be viewed as a form of entertainment, similar to going out for supper, and only spent within one's budget. The tragic case of a young man who committed suicide due to gambling debt serves as a reminder of the worst-case scenario.
Voting on a plan to restrict property sales to locals in St. Ives, England: St. Ives residents are considering a neighborhood plan to limit property sales to locals to make housing more affordable, but some fear it could harm the local economy.
The residents of St. Ives, Cornwall, are voting on a neighborhood plan that could restrict property sales to non-residents in an attempt to make housing more affordable for locals. This plan, which includes a clause called h2, has gained international attention due to the significant gap between property prices and local earnings in the town. The average house price in St. Ives is around 18 times local earnings, compared to 9 times in England as a whole. Tourism and investment in second homes have contributed to the surge in property prices, making it difficult for locals, particularly those working in the tourist industry, to afford to live there. However, some locals are concerned that the policy could backfire, as it may deter investment and potentially harm the local economy.
Debate over second home restrictions in Cornwall impacts businesses and developers: Stakeholders in Cornwall's tourism industry fear negative economic consequences from restricting second homeowners, while developers warn of decreased building activity and higher property prices if the restriction is implemented. Economists propose building more houses as the ultimate solution.
The ongoing debate in Cornwall, UK, regarding a proposed planning restriction to limit new developments for second homeowners, has sparked contrasting opinions from different stakeholders. Those in the tourism industry, such as restaurant and coffee shop owners, argue that restricting second homeowners could negatively impact their businesses and the local economy. On the other hand, property developers claim that such a restriction would deter them from building new homes, leading to a further shortage of houses and potentially higher property prices. Economists suggest that the ultimate solution is to build more houses to address the structural housing shortage. However, the proposed restriction may not be effective as developers could build outside the parish instead. Ultimately, the issue highlights the complexities and challenges in finding a balanced solution to the housing crisis in Cornwall and beyond.
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