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This is the stuff you millionaires in the making need to know to kick start or propel you on your financial fitness journey. Tracey Bissett, Founder of Bissett Financial Fitness and award winning Financial Literacy Champion, gives you the straight goods each week to set yourself up for financial success. As a former executive at TD Bank, one of Canada's Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed.  This hands on experience combined with her formal financial education, Masters of Business Administration and Chartered Financial Analyst designation, position Tracey uniquely to coach all things money. Tracey goes behind-the-scenes of all the money matters with need-to-know tips, money-making demystified, and special power-player interviews. Join us weekly for Financial Fitness Training that will turn even a Cash Couch Potato into a Marathon Money Maker.

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  2. EP114 Milli Moves: Are you Uber Broke?

EP114 Milli Moves: Are you Uber Broke?

Dec 10, 2019

Many young adults are falling into a cycle of wasting money and overspending. Some of these wasteful spending habits are due to the perception of convenience offered by ride and food delivery services. These expenses can quickly mount up and result in breaking the budget and falling short of achieving goals. If this sounds like you, then it is time to be honest, and take control of your money and boost your earnings and savings power.

 

Today, I discuss whether convenience is causing you to break your budget and leave you Uber broke. I highlight how spending habits have changed and why frank conversations around money are still required. I share how Uber and food delivery services have become more popular and how they lead to overspending. I also share how to approach your friends to ensure that they pay their share and highlight why you should consider if each purchase is necessary or whether it’s a roadblock to achieving your goals.




“It’s important to think about what is important to you and to create financial goals to achieve the things you want in your life.” - Tracey Bissett




This Week on Young Money:

 

  • How spending attitudes have changed and the lack of frank conversations around money
  • The rise in convenience services including Uber and food delivery
  • Why you need to calculate the real cost of food delivery services
  • How to ask your friends to pay their share
  • Breaking bad habit cycles and developing an ‘everything in moderation’ mindset
  • Setting goals and being mindful of unnecessary purchases
  • Considering your safety when choosing ride services and vacation rentals




Key Takeaways:

 

  1. Know the true cost of convenience 
  2. Everything in moderation
  3. Focus on your goals
  4. Never compromise your safety to save money




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