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Cash for Questions: 'Make sure you have cash reserves'

Published 20/10/2015

Diane Roberts, CEO of Xcell Partners, which advises companies on how to accelerate their growth, reveals all about her finances
Diane Roberts, CEO of Xcell Partners, which advises companies on how to accelerate their growth, reveals all about her finances

Diane Roberts, CEO of Xcell Partners, which advises companies on how to accelerate their growth, reveals all about her finances.

Q: Are you a plastic or a cash person?

A: Plastic.

Q: How much money do you usually carry around with you?

A: Very little - I try to take out £100 from ATMs but it always seems to disappear into the wallets of my teenage daughters.

Q: Do you see personal debt (ie, credit card, personal loans) as inevitable, or best avoided?

A: I try to avoid debt and it's definitely 'no' to personal loans. However, I do have a credit card for shopping.

Q: Apart from a house or car, what's the most expensive thing you've ever bought?

A: I suppose it was my dog Blu, a black miniature Schnauzer which cost £800.

Q :Are you a saver or a spender?

A: Definitely a spender… life's too short.

Q: What are your best - and worst - spending habits?

A: I don't go shopping every weekend as I find you just buy for the sake of it but I still manage to waste too much money on food we don't eat.

Q: Did you get pocket money as a child and, if so, what was the first sum you received in pocket money?

A: No, in our house you earned money.  I used to babysit for my uncles and got £5 for a Saturday night.

Q: Did you have a part-time job as a youngster?

A: Yes. I was working part-time from the age of 12. I worked in a local private hospital serving food every weekend, with two 12-hour shifts.

Q: If you had a huge fortune would you leave it to your children?

A: Yes, they deserve it. It would be in return for all the times when I had to go to work, and was not at home when they needed me.

Q: Where do you do your food shopping?

A: I try and support local businesses so you will see me on the high street buying meat, bakery goods and vegetables. I also love the M&S Food Hall for convenience after a busy day. 

Q: Did the recession teach you anything about personal finances that you're bringing with you into the recovery?

A : Yes, always make sure that you have a reserve of cash in the business. And, you should also realise that the good times may not always be there.

Belfast Telegraph

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