Your MoneyMe & My Money

‘A car is the one thing I consistently allow myself to splurge on’

Me & My Money: Edel Clarke is chief executive and co-founder of Druid Padel

Edel Clarke, Druid Padel cofounder: 'I’ve had a pension since I was 27.' Photograph: David Fitzgerald/Sportsfile
Edel Clarke, Druid Padel cofounder: 'I’ve had a pension since I was 27.' Photograph: David Fitzgerald/Sportsfile

Druid Padel is an Irish-owned, female-founded company at the forefront of the growth of the sport across Ireland, with Dublin-based clubs in Kimmage, Coolmine and Ringsend. druidpadel.com

What was the first job you ever received money for, and how much were you paid?

My first proper job was when I was 19, working in Harrods in London during the summer break from college. I went over with my best friend, and because she worked in a restaurant in Covent Garden, I picked up an evening job there, too. It was incredibly busy, but we had great fun and felt very grown‑up earning our own money in a big city. By the end of the summer we came home with a brand‑new wardrobe and plenty of going‑out money, which felt like a huge achievement at that age.

Do you shop around for better value?

I always shop around for better value, especially when it comes to bigger purchases. I like to feel confident that I’m getting the best value for money and that I haven’t rushed into a mistake. Doing that bit of extra research always pays off.

What has been your most extravagant purchase ever, and how much did it cost?

My most extravagant purchases have always been my cars. I grew up with my dad in the motor trade, so I was surrounded by beautiful cars from a young age and naturally developed a real love for them. A car is the one thing I consistently allow myself to splurge on because it brings me genuine joy. As for how much my last one cost? I might remember, but I’m not sure I want to admit it.

What purchase have you made that you consider the best value for money?

My home is definitely the best purchase I’ve ever made. We bought it in 2011 during the crash, so we were able to get a very good deal at the time, and we sold our smaller home for almost the same price. We’ve recently renovated it, and it’s probably worth around 60 per cent more than what we originally paid. It has turned out to be exceptional value for money.

I bought my first violin for €10,000 at age 12. It took months of busking to pay for itOpens in new window ]

Is there anything you regret spending money on?

I don’t really have regrets about spending money on things. I’ve always believed there’s no point in dwelling on past decisions, financial or otherwise. Once the money is spent, the experience or lesson is what matters.

Do you haggle over prices?

I always haggle, almost over everything. Even when I’m buying clothes, I’ll ask if there’s any chance of a discount or a better price. I don’t see it as cheeky; it’s just being smart with money.

Do you invest in shares and/or cryptocurrency?

I don’t invest in either. I’m not really a risk taker when it comes to money, and I like to know the likely outcome rather than ride the ups and downs of volatile markets. For me, stability and predictability feel far more comfortable than chasing high‑risk returns.

Do you have a retirement or pension plan?

I’ve had a pension since I was 27. My mother was an accountant, so she always pushed me to start one early, and I’m very grateful for that advice now. I also have a property that I plan to sell in the future to help strengthen my pension and give me more security later in life.

What was the last thing you bought, and was it good value for money?

The last thing I bought was a pair of padel runners, and they were absolutely worth it. I play a couple of times a week, so good footwear makes a real difference to comfort and performance. For that reason alone, they were great value for money.

‘My handbag collection is my daughter’s inheritance’Opens in new window ]

Have you ever successfully saved up for a relatively big purchase?

When I started my first job after college, I saved up to buy my parents a trip to the US to visit my brother. I was so proud walking into a travel agent (no internet then!), paying for the airline tickets and then having them couriered to their home as a surprise. That experience taught me that saving isn’t just about what you get, it’s also about what you can give.

Have you ever lost money?

I think I’d definitely remember if I had. I tend to be quite careful and considered with financial decisions, so I avoid situations that feel too risky or unpredictable. That approach has served me well over the years.

Are you a gambler, and if so, have you ever had a big win?

I’m not a gambler at all. I prefer my luck to come from hard work and a good rally rather than chance.

What is your best habit when it comes to money? And your worst?

My best habit is definitely saving; it’s something I’ve done since I was young, and it gives me a real sense of security. My worst habit is spending without always thinking through the consequences. Now and then, I make a quick decision and only afterwards realise I should have paused for a moment.

How much money do you have on you now?

I always like to carry cash, especially when I’m travelling. Even though I have my phone, cards and everything else, there’s something reassuring about having real money in your pocket. It’s practical, reliable and you’re never stuck if technology lets you down. At the moment I have about €300. Old habits die hard.