'My luxury's playing golf at Royal Portrush'
Every week, we ask a businessperson to tell us all about their personal finances. This week it is Hugh Black, president of Belfast Chamber of Trade & Commerce.
Q. Are you a plastic or are you a cash person?
A. Both. For day-to-day expenditure and nights out I always use cash. But, I use the card for bigger things like holidays, flights and larger purchases.
Q. How much money would you usually carry around with you?
A. I always take £100 out of the cash machine, which I find is easier for budgeting. When that runs out I take another £100 - that's my float, as such.
Q. Apart from a house or car, what's the most expensive thing you've ever bought?
A. A boat - I have had three rigid inflatables in my time and used to love spending weekends on them around the North Coast where I have a holiday home. I now spend free time playing golf at Royal Portrush and socialising - so that's my luxury.
Q. Do you see personal debt as inevitable or something best avoided?
A. Best avoided - but at times in the year you tend to have to put things on credit cards like flights and holidays and pay it off over a number of months.
Q. What are your best - and worst - spending habits?
A. Clothes are my worst - having worked in retail for so many years, I have a weakness for clothes. The weekly food shop is my best as I don't spend a fortune on that. I am regularly found in the reduced section.
Q. If you had a huge fortune, would you leave it to your children?
A. Yes, I would. I have two kids - Natasha (22) and Cameron (19). I would stagger the money so they didn't get it all at once and they would get it when they needed it.
To find out more about Belfast Chamber of Trade and Commerce, visit www.belfastchamber.com