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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. EP319 Loud Budgeting

EP319 Loud Budgeting

Jan 30, 2024

Are you ready to challenge the norms of personal finance with the bold trend of loud budgeting? In this episode, I explore this trend, which encourages openly declaring and adhering to your financial goals. Spearheaded by Lukas Battle on social media, this movement marks a departure from quiet luxury, advocating for courageous, value-driven financial decisions. I’ll delve into how this approach not only curbs impulse spending, but also adapts effectively to the current economic landscape.

Listen in as I revisit themes of financial openness from previous episodes, highlighting how discussing finances with others can lead to better decision-making. I also explore loud budgeting's role in addressing financial bullying and influencing consumer behaviors like “buy now, pay later” schemes, emphasizing its impact on personal finance management.

"It’s not ‘I don’t have enough’. It’s ‘I don’t want to spend’.” - Tracey Bissett

This Week on Young Money:

  • What loud budgeting is and its rise to popularity.
  • How this trend has shifted the norm from quiet luxury to open financial planning.
  • Previous episodes that align with the theme of financial openness and accountability.
  • The role of loud budgeting in current economic scenarios and its impact on consumer behavior.

Key takeaways:

  1. Open discussions about finances can foster better financial decisions and relationships.
  2. Economic conditions influence personal finance strategies.
  3. Aligning financial actions with personal values and goals is key.

Resources Mentioned:

 

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