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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. EP011 Financial Fitness Tips for the Holidays

EP011 Financial Fitness Tips for the Holidays

Dec 19, 2017

Are you prepared for a financially fit holiday season? Since Halloween, we have been bombarded with holiday decorations, advertisements, and sales to prod us into the holiday spending spirit. What does this mean for you, and what actions can we take?

 

On today’s episode, I share with you some key economic realities for Canadians and provide tips to help you prepare and maintain your financial fitness during this giving season. I’ll also explain what influences people’s spending decisions and why it’s important to create a list and maintain a budget, especially during the holiday season.

 

“Approximately 50% of Canadians are living paycheck to paycheck and if it was delayed, by even one week, it would be difficult for Canadians to meet their financial obligations.” - Tracey Bissett

 

This Week on Young Money:

  • The reality of financial stability for most Canadians
  • The evolution of gift giving
  • Where the consumer’s money goes and how it breaks down
  • What influences spending decisions, and shopping habits
  • The importance of creating a list and a budget
  • Looking for unforeseen costs
  • What starting new traditions can provide
  • Planning ahead and what pacing can do for you

 

Key Takeaways:

  • Set a budget - and stick to it.
  • Start a new tradition.
  • Plan ahead.

 

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