Issue #70: May Round-Up

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Let’s Talk About May 🤑

Alright friends, the monthly round-up is BACK because somehow we’ve landed in another month… AGAIN.

While it might have been a quieter month on the news side of things (no stock market drama thank goodness), there’s still a lot to unpack.

So without further ado, let’s get into it! ⬇️

Just a Reminder…

Here's a summary of May’s financial updates and news:

1. Interest Rates

The new interest rates were announced at the beginning of May - dropping the rates from 4.5% to 4.25%. This is the fourth cut since August 2024 and the lowest rate since May 2023 😅

The cut means you’ll get cheaper mortgages but lower returns on savings soooo a win for some a less for others 🤷‍♂️

More updates coming on this soon, no doubt 😅

2. Energy Price Cap to Decrease by 7%

From July 2025, the average household energy bill is set to reduce by £129 annually, bringing the typical monthly bill to around £143.

Remember this is typical bills - NOT YOUR BILL GUARANTEED! Anyone else enjoying the rollercoaster of bills?! Feels like they change almost weekly 😕

3. Winter Fuel Payment Threshold Adjusted

Prime Minister Keir Starmer announced adjustments to the winter fuel payment threshold, allowing more pensioners to qualify for payments of up to £300.

Who and how much? As per usual, that information was omitted. Why can’t a government just announce things with details for once (feels like last years budget rumours all over again)

My Favourites This Month 💭

🎧 What I’m Listening To

This is Money Podcast
For those of you who are interested in more money information in your life, this is one of my favourite sources of weekly updates. It’s one of the few podcasts I listen to religiously first thing on a Monday morning!

📚 What I’m Reading

The Money Manual - Abbie Foster
For those of you that don’t know Abbie, she is a phenomenal finance content creator all over social media. She just released this amazing new book, so go and support her and get your copy. To be honest, it will probably be one of the best and easiest investments of your life!

📺 What I’m Watching

Shogun
Zero financial information from this one, just pure entertainment!

My Life Lately!

A LOT of my time has actually been going to my current side project called Creator Leaders, a space where my business partner and I bring together FRICKIN AWESOME people and have a FRICKIN AWESOME TIME.

Last week we held our first ever summit bringing together 200 people into one room! A time was had!!

If you’re a creator, entrepreneur or leader in your respective field and you’re interested in joining the community then go over to www.creatorleaders.com and register your interest!

I’d love to see some of you guys at our next event! 🤗

Alrighty, that’s it for today friends

If you ever want to chat, or a question answering, please just hit reply to this email!

See you next week 🙂 

^{DISCLAIMER: None of the above is financial advice. This newsletter is strictly education and should not be taken as investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and always do your own research.}