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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. EP078 Spring Clean Your Finances

EP078 Spring Clean Your Finances

Apr 16, 2019

Spring is an excellent time of year when nature and new life spring into action. This makes spring the perfect time to review your finances and to make sure you reach your goals, reduce your debt, save money, and protect yourself against the unknown and unexpected things that life can throw your way. It’s time to get your finances organized.    

 

Today, I share how to spring clean your finances with a series of tips and clear, practical advice. I review how you can clear your debt and start to save more. I share why you need an emergency fund and explain the importance of spring cleaning your paperwork and financial documents. I also explain why it’s important to review your insurance needs and explain how checking your credit score annually can help you find errors and quickly address them.



“Pay off small debts first and get that personal satisfaction of clearing a debt.” - Tracey Bissett




This Week on Young Money:

 

  • How to adjust your goals if you are meeting them.
  • How to adjust your goals if you are NOT meeting them.
  • Making changes to pay down debt and save more.
  • Setting up an emergency fund.
  • How to clear up and deal with your financial documents and paperwork.
  • Deciding what new insurance you need and what old insurance you don’t.
  • How to understand, build, and protect your credit score.




The 5 Steps to Spring Clean Your Finances:

 

  1. Review & reset your goals.
  2. Start new habits.
  3. Deal with your paperwork.
  4. Revisit your insurance.
  5. Check your credit score.




Resources Mentioned:

 





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