I’ve always been money savvy and only ever spend within my means. However as Adam and I are currently in the process of buying a house I’ve discovered things that I never knew in regards to finances.
Which is why I am big believer in people getting as much help as possible when it comes to understanding their personal finances.
Now thanks to one unlikely source this is getting easier to do, On Thursday the 12th of July I headed into Birmingham to York Cafe at Ikon (1 Oozells Strret), to attend giff gaff’s Spend or Save games night and be challenged to a game like no other.
Meet and greet
The night started with meeting the lovely team at CoLab and Charlotte and Steve from gift gaff.
Whilst getting to know each other over food and drinks we were told about giff gaff’s latest initiative to help customers. giff gaff gameplan:
We want to help members get savvy and get smarter insights into their finances, understand their money and build a better score. We believe that understanding your credit report can be the foundation for building healthy finances.
We’re building a service that will help analyse the numbers and turn those numbers into smart insights, leading to simple actions. So that they can see how they can save, make better choices and improve their financial health.
We’ve made a start. But we want to tackle this beast together. Come join our Founders club.
We’ve built a few tools to get you started, with more on the way. Let’s be new radicals and build a new world of finance together.
Our Founders club is where all our gameplan members can come to share their ideas and thoughts on how we can make gameplan better.
It’s the place to be if you want to have your say in what we do, have a question or if you want to share your tips, ideas and feedback.
We will be here to share with you exclusive sneak peeks, as well as run some feature ideas past you and keep you up to date with what’s going on in the world of gameplan. At the heart of what we do is the idea that we’re laying the groundwork for a financial movement that celebrates and works with our members
Spend or Save board game
Once we had been fed it was time to get competitive and split into team’s,
My game comprised of five players and Steve from gift gaff who acted as our banker.
The object of Spend or Save is to use your money wisely. Whilst attempting to save towards your life goals as you head closer to retirement age.
When the game starts you are given two pieces. One that moves around the board and one that moves along the age chart. Along with these two pieces you are also given a life goals chart, a chart that suggests you save for:
- an ISA
- Buy a car
- Start a pension
- Get married
- Buy a house
You start the game at 20 years old and for every lap of the board you collect £1000 as well as ageing 5 years. As you go around the board you find yourself faced with squares that are your expenditure, for example rent, shopping etc and others that offer ways to increase your incomings like freelance jobs. Then there are the ? squares, they offer the chance to increase your incomings but also have the ability to take your savings from you.
The aim of the game is to have more money than any other player when you reach retirement age. You can achieve this by completing your life goals with some of them offering extra money when cashed in at retirement age. But that’s only if those pesky ? cards don’t surprise you with an economic drop on your way around the board.
Like real life the game shows how hard it is to earn your money as well as how fast it can be to lose it. With cards that literally take your house off you, the game really is out to teach you how to be financially savvy. But not all cards are bad; okay you may lose your house or find yourself divorced, but you could also select a card that brings inheritance and extra money your way.
Spend or save, was a fantastic game, in fact it is one that I wish I could play with others. It really makes you think about your finances and your future all whilst having fun. A game I could actually imagine in schools, which is a shame since the board game isn’t available to buy.
The event was a fun and eye-opening one. It is great what guff gaff are doing to help people think about their financial security. It shows that they care about their customers and their future.
A huge thanks to giffgaff for inviting me along to the night. And thank you CoLab for organising a great night.
Event photographs were taken by Elouisa Georgiou