Patricia Power is one of Ireland’s best-known quantity surveyors and a regular guest contributor on RTÉ’s Room to Improve. She will be on stage at the DFS Interiors Theatre on Saturday, April 12th, during the PTSB Ideal Home Show, which runs at RDS Simmonscourt, Dublin, from April 11th to 13th. www.idealhome.ie
Are you a saver or a spender?
At the moment, I am a spender. It’s very hard to save when you have four kids/teenagers.
What was the first job you received money for, and how much were you paid?
Picking strawberries for a local farmer in south Kilkenny. It was across the road from my home and, although that was handy, it was hard work, what with sore backs and sore legs from all the bending down. That said, it taught me the value of hard work.
Do you shop around for better value?
Yes. On some items. Value is always important. I’m a firm believer that you get what you pay for!
What has been your most extravagant purchase and how much did it cost?
I bought myself a Gucci watch for my 30th birthday. It was a real “treat me” moment. I still have it and will cherish it forever.
What purchase have you made that you consider the best value for money?
A home, which to me is always the best investment you will ever make. And, yes, I’m still constantly investing in it.
Is there anything you regret spending money on?
Impulse purchases. I always regret them afterwards, although sometimes I’m lucky to be able to return them.
Do you haggle over prices?
I do this a lot as part of my work. It gives me the value of knowing when I’ve got a good price. When that happens, sometimes haggling isn’t needed.
Do you invest in shares and/or cryptocurrency?
No, I’m not a risk taker – I’m very safe with my investments and money. I like to sleep at night!
Do you have a retirement or pension plan?
I have a pension plan in place. My hope is to constantly increase this as the cost of living has gone crazy.
What was the last thing you bought and was it good value for money?
A navy Barbour puffa jacket. It’s comfortable and versatile and looks as good as it did the day I bought it.
Have you ever successfully saved up for a relatively big purchase?
Yes, the deposit on my home.
Have you ever lost money?
No, not really. Other than the occasional lost wallet, there’s nothing worth talking about.
Are you a gambler and, if so, have you ever had a big win?
I would have backed the odd horse growing up, but you learn quickly that you have to be able to afford to lose what you are willing to bet.
What is your best habit when it comes to money? And your worst?
I like to be comfortable, and I hate owing money, so I always try to plan for any big expenses. My worst habit is I’m not great at treating myself – I will always spend money on my kids first.
How much money do you have on you now?
Cash, but it amounts to very little, just a few coins. It’s all cashless and Revolut now, isn’t it?
In conversation with Tony Clayton-Lea
