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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.

Nov 21, 2023

Are you ready to tackle the tempting deals of Black Friday and Cyber Monday without derailing your budget? In today’s episode, we dive into the art of smart shopping during the biggest sale season of the year and share essential considerations to ensure you're making wise purchasing decisions.

Listen in as we explore three key considerations: understanding the real reason behind your purchase, assessing if the deal is genuinely beneficial, and exploring ways to maximize benefits like loyalty points or additional perks. We also offer bonus tips on avoiding overspending, such as unsubscribing from tempting store emails and involving friends in your spending plans. And don't forget about Giving Tuesday – a perfect opportunity to make your charitable contributions go further!

“If you are getting a deal, make sure it really is one.” -  Tracey Bissett

This Week on Young Money:

  • Evaluating the true purpose of your purchases.
  • Determining if a deal is genuinely advantageous.
  • Leveraging loyalty programs and other benefits for optimal value.
  • Bonus tips to resist overspending temptations.
  • The importance of Giving Tuesday and supporting charities in need.

Key takeaways:

  1. Be mindful of your purchasing motivations.
  2. Scrutinize deals to ensure they are genuine savings.
  3. Utilize loyalty points and other benefits for added value.
  4. Implement strategies to avoid emotional spending.
  5. Remember the broader impact of your spending, especially on Giving Tuesday.

Resources Mentioned:

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