Hugh Wallace: ‘I lost a lot of money during the financial crisis. Once you get badly burned, the fear never leaves you’

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Me-My-Money News

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Me & My Money: Hugh Wallace, architect, founding director Douglas Wallace, and television presenter

Hugh Wallace: ‘I lost a lot of money during the financial crisis. Once you get badly burned, the fear never leaves you’Hugh Wallace: 'I have learned that we can be exceptionally comfortable on very little. That’s a real life lesson for both of us'Both. I’m a pensioner so my pension comes under the “save” column, and life generally is under the “spend” column. I was never a big saver, though.

How did the Covid-19 crisis change your spending habits, and was there something in particular that you either stopped buying or started buying, as a result? Covid made me very conscious of food wastage. That was the big change – I’d rather spend more money daily and throw nothing out. We now buy non-perishable food in our half-weekly shop and then buy fresh daily. It adds a few euro to the weekly budget, but we will take that to cut down on food wastage. It’s become a real bugbear of ours.Never. I feel if you want to invest in shares you need great knowledge, so putting life into the mix with its ups and downs, I feel shares just aren’t for me.

 

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