Bank of Dad

In this episode of Bank of Dad, we're talking all things gifting money . From what to consider before giving someone a significant sum, to making smart decisions when you're on the receiving end. We explore whether you should spend, save, invest or pay off debt with a financial gift, and clear up some common misconceptions about tax. Plus, we explain how Gift Aid works and how you can make your charitable donations go even further!

What belongs in Finance Room 101? 👀 In this episode of Bank of Dad, Kate and Pete reveal the financial things they'd happily banish to Room 101 forever, from money habits and financial products to those little things about personal finance that drive them mad. But not everything deserves to disappear. They also discuss what they'd rescue from Finance Room 101 and why some much-maligned parts of the financial world might actually be worth keeping.

We decided to spread our discussion about funds over a second week, so this week we're diving into avoiding common mistakes when choosing a fund and the low-down on how to do it right!

This week, we're getting to grips with investment funds: what they are, how they work and what's actually going on when you put your money into one. We'll break down the basics, cut through some of the jargon and look at the mechanics you need to understand before you even think about choosing a fund.

This week, Kate and Pete dig into the biggest factor influencing how your investments behave. Behold, the wonder of ASSET ALLOCATION!