Belfast Telegraph

Cash for questions: We have a chat with Luca Montorio owner of Peppup Sauces in Newtownards

Every week, we ask a businessperson to tell us all about their personal finances. This week, it's the turn of Luca Montorio, owner of Peppup Sauces in Newtownards.

Q. Are you a plastic or cash person?

A. Definitely plastic. I find it easier.

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

A. I would usually carry around £20 .

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

A. I feel debt is best avoided.

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

A. An engagement ring - but it's turned out to be the best decision I've ever made.

Q. Are you a saver or a spender?

A. Very definitely a saver - from my upbringing in Turin. My family was very careful with money and it rubbed off on me.

Q. What are your best and worst spending habits?

A. My best spending habit is that when shopping for food I am careful to buy the best value on offer on good quality food and wine.

My worst spending habit would be buying cars/bikes. I love cars and bikes. I guess this may also go back to my upbringing in Turin, the long-standing centre of the Italian car industry.

Q. Did you get pocket money as a child? If so, what was the first sum you received in pocket money?

A. No, I did not get pocket money. The first cash I got was when I was 16, working as a trainee chef, which also gave me my love of good food and especially tasty sauces.

Q. Did you have a part time job as a youngster? What is it?

A. Yes, as a trainee chef in a restaurant in my home of Turin, Italy, one of the centres of the Italian food industry, especially roasted tomatoes.

Q. If you had a huge fortune, would you leave it to your children.

A. Some, but not all. I believe they should learn to make their own way.

Q. Where do you do your food shopping?

A. Local shops, markets and supermarkets. I like spending times in delis, looking at what's new in gourmet food.

Q. Did the recession teach you anything about personal finances that you are bringing with you into the recovery?

A. No, I have always been cautious and will remain so.

Find out more about Peppup Sauces at

Belfast Telegraph