New Found Joy boss: 'I prefer to pay my way as I go along'
Each week, we ask a businessperson about their finances. Today we speak to Carol Little, owner of gluten-free bakery New Found Joy in Portadown
Q. Are you a plastic or cash person?
A. Very definitely plastic. I find it much more convenient and easier to keep an eye on my spending.
Q. How much money do you usually carry around with you?
A. Around £40 at present.
Q. Do you see personal debt (ie credit card, personal loans) as inevitable or best avoided.
A. I do my best to avoid personal debt, preferring to pay my way as I go along.
Q. Apart from a house or car, what's the most expensive thing you've ever bought?
A. Most expensive after house or car would be special holidays marking the big milestones in life, typically a cruise.
Q. Are you a saver or a spender?
A. I'm probably quite sensible with my spending unless it's for my grandchildren, I prefer to invest, currently that's expanding New Found Joy, our bakery. I try to save as much as I can especially to help me grow New Found Joy, which specialises in gluten-free cakes and traybakes.
Q. What are your best and worst spending habits?
A. I love travel and good food and so this is where I spend most money. My worst spend would be when I occasionally miss flights. I hate having to pay for a new flight.
Q. Did the recession teach you anything about personal finances that you are bringing with you into the recovery?
A It's taught me to be very aware of my spending habits and to keep a close eye on expenditure.