City thinking, local knowledge

Mary Poppins Returns: Can a tuppence really save the day?

By Dina Patel

Since the release of the film Mary Poppins Returns in December, it’s taken over $250m, making it a financial success. The story of the film itself however seems to recommend a few ways of making your own personal finances successful too. With the original set in 1910, the sequel takes us to 1935 where Michael, just a boy in the first film, is now a man with children of his own. Unfortunately, due to him being unable to repay a loan, he finds himself face to face with the frightening possibility of having his home repossessed.

Thankfully for Michael, in the original film his father gives him shrewd advice to invest his pocket money of a tuppence, rather than giving it to the women selling bird food. Quick reality check; even over the course of 25 years, the compound interest on a mere tuppence is extremely unlikely to have been enough to help Michael out of his rut in the real world. Realistically, with an average interest rate of 6%, saving two pennies wouldn’t even bring you in a single pound. Perhaps his father invested it particularly wisely, finding the unicorn company of his day, perhaps putting it into oil stocks, but even then it would require a huge return. It’s a film, after all, and the overriding message of being responsible with your finances is a noble one, so we can allow them a bit of creative licence.

Beyond taking the advice of investing two pence too literally, there are some positive messages and useful takeaways from Mary Poppins Returns. Ultimately, the tone is optimistic; the suggestion being that even if you’re in a particularly difficult financial position, there’s always a solution. It also suggests that these solutions are easier to come by with a bit of forward planning.

Sound investments are as beneficial now as they were in 1910, so seeking and listening to advice about how and where to put your money can be as helpful for you as it was for young Michael. Keeping on top of your financial situation and making conscious efforts to plan for the future will put you on steady ground and allow you to plan for a future that, in the words of Mary Poppins herself, is “practically perfect, in every way!”

Latest News

What You Need to Know About Lasting Power of Attorney (LPA)

The importance of preparing for future incapacity has perhaps never been more important. That’s why there’s been a record-setting increase in Lasting Power of Attorney (LPA) registrations.

Will the State Pension Still Exist When You Retire?

As the 2024-25 tax year begins, pensioners have welcomed an 8.5 per cent increase in the state pension, equating to an additional £900 annually. While this is beneficial…

10 Steps to Take With the New Tax Year Underway

With the new tax year underway, taking proactive steps can not only improve your financial health but also position you to take full advantage of various tax benefits…