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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. EP166 Financial Literacy Month 2020: 10 Things you Should Know During Times of Financial Uncertainty

EP166 Financial Literacy Month 2020: 10 Things you Should Know During Times of Financial Uncertainty

Nov 3, 2020

November is officially upon us, and this month is celebrated in Canada as Financial Literacy Month, with 2020 being the 10th anniversary. You know I love to celebrate financial fitness every day, and this year more than ever, we need to celebrate!

In this episode, I want to share the 10 Things FCAC says you should know during times of financial uncertainty, including budgeting and keeping track of your spending. If you are wanting to take the next steps toward becoming financially fit, this is the episode for you.

“It is my privilege to take the mystery out of money, open up the money conversations that are hard to have, and have some fun along the way.” - Tracey Bissett

This Week on Young Money:

  • How to make a budget so you can stick to a plan.
  • Why it's important to borrow only what you need.
  • How to understand your financial services.
  • Why you should set up an emergency fund.

Key takeaways:

  1. Keep track of your money.
  2. Commit to a spending plan.
  3. Minimize your debt.
  4. Prevent financial fraud.
  5. Build good financial habits.
  6. Understand your financial products or services.
  7. Set aside money for unexpected expenses.
  8. Order your credit report.
  9. Have a plan to pay off your debt.
  10. Reassess your financial goals.

Resources Mentioned:

 

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