When spending is good for you

February 28 2014

A BISHOPSTON resident will be hosting a free local event to showcase projects, ideas and films that support people to use money in ways that are more "life-enriching".

A BISHOPSTON resident will be hosting a free local event to showcase projects, ideas and films that support people to use money in ways that are more "life-enriching".
Tim Malnick, who works as a facilitator to create more sustainable and responsible organisations, has set up the event, 'Your Money and your Life', to encourage people to utilise local innovations, such as the Bristol Pound and YourStreet gift cards.
He aims to shift the narrative surrounding austerity to focus more on spending money for a "positive effect". 
Tim said: "Since the financial crisis began over five years ago, main conversation about money has focused on austerity, with political and media debate focusing predominantly on numbers – the rate of growth, the size of the debt, the level of inflation.
"But there is also a growing interest in the positive outcomes when people spend their money in line with the values that matter most to them."
He added: "I'm interested in how we can create more empowering narratives about money."
By putting on 'Your Money and your Life', Tim hopes that those in attendance will engage in the local initiatives at the event, including Happy City, a Stokes Croft project that prompts people to focus more on the quality of life; YourStreet, a multi-store gift card redeemable only in independent retailers and services; Triodos bank; and Credit Union.
He also intends to introduce a system where people can pledge to move their money to more ethical banks, or shop locally more.
Tim said: "Taking action - even small action - can be empowering for people.
"If individually and as a community we can take these steps, we may develop a more empowering financial story than austerity for the times ahead."
According to Tim, spending money in independent shops, such as those on Gloucester Road, has a more positive effect on the local economy, compared to spending money in large multinationals.
The event will be held at Saint Michael’s Hall in Gloucester Road on Saturday March 15 2014, 2-5pm. For those involved in a project that is attempting to change the way we relate to money, contact Tim to arrange a stall on: tim@differentspace.co.uk.
For more details, visit: www.timmalnick.com.