The penny drops podcast: How to save without noticing


In this episode of 'The penny drops', our host Andrea Fox talks to personal finance journalist Emma Lunn to discover everything you need to know about saving money

What will we be talking about?

This month we’ll be speaking about the best ways to save money and how to find your savings a good home. The episode will answer:

  • What are the best ways to save?
  • What are ISAs and what are the different types available?
  • How do we choose the right bank account?
  • How often should we be checking or switching our accounts?
  • What does AER mean?
  • How should we work out our savings goals?
  • Is it best to save or pay off our debts first?
  • How can we save money without noticing that we’re doing it?
  • Why does it help to save regularly?
  • How are our savings taxed?
  • What are personal saving allowances?
  • How safe are our savings?
  • Do savings affect benefits?

Who is our guest?

Emma Lunn is an award-winning personal finance journalist who writes about everything from mortgages, insurance and banking, to savings, debt and student finance. She prides herself on explaining complex financial subjects and regularly appears in national newspapers and magazines.

All views and opinions expressed in the podcast are those of the expert and not of Royal London.

Where can you listen?

You can download and listen to episodes using the iTunes Podcasts, Google PodcastsSpotify or Castbox apps – just search for ‘The penny drops’. Make sure to subscribe so you don’t miss any new episodes, and please do leave us a review. We’d love to know what you think of the series.

If you don’t have access to an app, you can listen to the podcast online. We’ll send you reminders about any new episodes in your quarterly member emails.

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How can you find more information?

Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.

You can also find lots of helpful information about saving on the following sites:

Money Advice Service

Please note that all topics discussed in this episode can vary depending on your personal circumstances, and the value of investments or savings can go down as well as up. Any figures quoted were accurate at the time of recording (October 2019).

Take a look at our budgeting guide

Our budgeting guide explains how, by keeping track of how much money you have coming in and how much money you have going out, you can get a clear picture of your finances and take control of your money.

Get the guide about Take a look at our budgeting guide

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