Attention: You are using an outdated browser, device or you do not have the latest version of JavaScript downloaded and so this website may not work as expected. Please download the latest software or switch device to avoid further issues.
6 Mar 2023 | |
Alumnae News |
Yasmine, who is a Partner at the think-tank New Financial LLP, was leading a Life Advice session for the U5 on planning their finances for the future. “Is there anything that sounds more boring?” she asked before setting out how important it is and the power of starting to save now.
She asked the students to share what – if anything – they were saving up for now. Answers ranged from new shoes, tickets to see Lizzo, a holiday and a replacement for a cracked phone screen.
“It’s hard for you to imagine what life will be like when you’re 70 right now,” said Yasmine. “But try and think what you’ll live on in your 70s if you don’t start saving for your pension now.”
She added: “I left LEH thinking that women rule the world, but sadly there are still very clear differences between what men and women typically earn and how they handle money.”
The statistics speak for themselves:-
“Hopefully these things will change and improve, but it’s important to understand how things are now,” said Yasmine. “Equal opportunities keep progressing, and will continue to do so, but sadly the default remains very much around a man who works full time all his life.”
She said: “I never thought about these things until I was over 40 and now I wish I’d thought about it earlier so I could have set aside the money. Ideally you should be putting away 20% of your income to ensure you have sufficient resources for a comfortable retirement.
“I’m not saying go out and make loads of money, but it is important to think about the money you do have and what you might need it for in the future. There are loads of great apps that can help you with savings without you having to think about it. Take control of your money now and get it working for you.”
We were sad to learn that Gilly Gale, Class of 1973, died in November 2023, aged 69. She leaves her husband Terry, five stepchildren, seven grandchildren, her sister Carol and niec… More...
There was no soft pedalling for Head of History of Art, Miss Lindsay, who was biking for the win when she cycled 100 mil… More...
We are bidding a fond farewell to Head of Chemistry, Andrew Hayter, this week, who is leaving LEH after 16 “very enjoyab… More...
Four of our much-cherished music teachers are bowing out this week, as they make their swan song appearances, having cha… More...
Sisters Anisha Sharma and Shafali Shown-Keen, who turned their back on the corporate world of banking to run their own b… More...
Adventure-hungry Charlotte Irving, Class of 2008, who broke the World Record for rowing across the Atlantic in a three-woman team, is doing it all aga… More...
Four of our much-cherished music teachers are bowing out this week, as they make their swan song appearances, having chalked up an incredible 79 years… More...
We are bidding a fond farewell to Head of Chemistry, Andrew Hayter, this week, who is leaving LEH after 16 “very enjoyable and memorable years” to joi… More...