Thamesbank Times
Members eNewsletter
Ealing . Hounslow . Kingston . Richmond & Wandsworth . Spelthorne
Dear Member,
Money and you: a mind-body connection
Feeling stressed about money? You're not alone! In this edition, we explore the link between finances and mental health. Plus, learn about Lasting Power of Attorney and the power of nuts.
Remember, “A calm mind brings inner strength and self-confidence, so that one can better face the challenges of life." - Dalai Lama
With best regards,
Thamesbank editorial team
Mind over money: how mental health and finances are linked
Money worries can cause stress and anxiety, while mental health struggles can make managing money difficult. It's a vicious cycle, but there is hope.
How are mental health and finances linked? We explore this on our website.
What is LPA and why is it important?
Setting up a “lasting power of attorney”, or LPA, is a very wise precaution to take, especially if you have a health condition that is likely to deteriorate over time. In simple terms, setting this up allows you to pass control of your affairs to a chosen person.
Find out more about LPA from our website.
Thamesbank is Going NUTS - and your health can benefit
Did you know that incorporating nuts into your diet can do wonders for your health? Just like saving a little bit each month can grow into a significant sum, adding a handful of nuts to your daily routine can lead to big health benefits.
Get the lowdown on some of these nutritious powerhouses from our website.
Holiday Savings Account
With the summer holidays just around the corner, you can start planning your holiday with us by opening a Holiday Savings Account.
You can save as much as you want and whenever you wish. When you are ready, you can take all your money out to pay for that dream holiday.
To set up your savings account, contact us via email on admin@thamesbank.org.
Words of wisdom
Save first, spend later – Good Housekeeping
Pay yourself first. Around 60% of us save money either every, or most, months, according to research. If you are struggling, try using the 50/30/20 approach to budgeting. This means allocating 50% of your take home pay on your needs (bills, food, minimum debt payments), 30% on wants (eating out, leisure, sport, etc) and 20% towards future you (saving for emergencies, short term and long term goals). This split may not work for you when money is tight, so simply adjust the ratios as you go
Members noticeboard
Lottery - enter now
As a member of Thamesbank Credit Union, you have the chance to enter the lottery, run by our back-office provider, Credit Union Solutions (CUS).
Each entry is £1, and each member can have up to 10 chances per month.
For all the details, to enter the lottery and to see past winners, visit the Credit Union Solutions (CUS) website.
Share this newsletter
Please feel free to share this newsletter with your colleagues, friends and anyone else who may be interested in the content within it.
With thanks from the Thamesbank editorial team.
Thamesbank Credit Union Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Firm Reference Number No. 416486).
Ethical and affordable finances | Helping you to save and borrow
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