Thursday 25 May 2017

Me and my money: Cathy Jordan

An iPhone and a car proved two less-than-happy buys for a singer making a late habit of saving

MUSICIAN Cathy Jordan, a member of Dervish, has a recurring and frustrating spending mistake.

"I bought an iPhone and after only a couple of months watched it disappear down a porter potty at the Electric Picnic.

"I'm still paying for it after nearly a year using a cheap replacement. I didn't get insurance. I must have spent over €1,000 at this stage and the cheap replacement doesn't even work outside of Ireland. Never liked it anyway, it was impossible to write a text while in a moving vehicle," she said.

"My Phil Crump bouzouki/guitar was my best ever buy. It is a beautiful handmade instrument with a glorious sound that I've spent endless hours amusing myself with. It has totally brought out the songwriter in me and widened my musical spectrum.

"I'm ashamed to say I never saved for anything in my entire life until recently. I need a new roof on my house so I try to put away a few quid every month for that. It's kinda cool this saving lark, watching money accumulate (slowly I might add). However, too much of it would just turn you into a Silas Marner type.

"Although I've never saved, I've never been badly stuck for money. I'd much rather spend money than save it. I didn't fall prey to the banks offering me lots of credit a few years ago; what they should have called it was 'debt' not credit, it would be much easier to say no thanks if they called it debt.

"I bought a new Opel Corsa in 2000 for €10,750 and I still have it. After only five years it needed a new engine that cost €3,000, then everything started going wrong but I needed to get my money's worth so I held on to it through broken exhausts, engine mountains, clutch cables, wing mirrors, tail lights, wipers and oil leaks."

Dervish's 'From Stage to Stage' is out now.

Irish Independent

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