Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Should we shop to save the economy or look after our own economy by saving money or paying down credit card debt? UK Prime Minister Boris Johnson said we should be out “shopping” again to get the economy moving after he shout it down for three months. But with unemployment reaching record levels and tens of thousands of people losing their jobs every day, should you be saving our cash and taking care of your own economy or Uconomy? The BBC reports that the non-political think tank, the Institute of Employment Studies (IES), said the number of people claiming work related benefits had climbed 1.6 million since March - a rate faster than during the Great Depression of 1929. In this Money Tips Podcast episode: 1. Boris advises us to go out and shop, but I’m holding on to my cash 2. Pay down your debts before splashing out on non-essential goods 3. Numbers claiming work-related or unemployment benefits up 126% to 2.8 million 4. Economists warn of higher unemployment figures when furlough scheme ends 5. UK economy