EP275 Finding Hope Through Financial Fitness

Young Money with Tracey Bissett

It seems the news and social media headlines have become very disheartening through 2022. Personal debt delinquencies are on the rise, consumer bankruptcy activity is expected to increase in 2023, and COVID supports have stopped for the most part, with some people required to pay back amounts they received in error. In this bleak economic environment with high inflation and interest rates, remaining hopeful for good things to come is essential. So, in this episode, I am going to be sharing what you can do to find hope through financial fitness.

Listen in as we go over the importance of monitoring your news consumption and being more intentional with the media you are reading, watching, or listening to. You will learn the benefit of knowing your financial situation, how to make a realistic plan for your finances, and why it is a great practice to include gratitude in your daily routine.

“It is important to stay abreast of news developments and trends, but it doesn’t need to be a 24-hour consumption. Get the facts from sources you trust and then stop consuming the info until your next update.” - Tracey Bissett

This Week on Young Money:

• How to find hope in a bleak economic environment.
• The importance of monitoring how much news you’re consuming.
• Why you shouldn’t constantly be listening to the news.
• The benefit of being intentional.
• Why it is essential that you set a budget for yourself.
• The importance of knowing your financial situation.
• How to make a more realistic plan for your finances.
• How to make a 2023 money focus.
• The importance of practicing gratitude.

Key takeaways:

1. Be informed on your terms.
2. Know your financial situation.
3. Make a realistic plan for financial fitness.
4. Have a 2023 money focus.
5. Practice gratitude.
6. Help others.

Resources Mentioned:

• EP044 Dangers of Payday Loans
• EP056 Back to Basics – The 5Cs of Credit
• EP063 Money Mindfulness with Jessica Moorhouse
• EP057 Bankruptcy and Consumer Proposals what does it mean with Doug Hoyes
• EP076 Happy Go Money with Melissa Leong
• EP149 Adulting 101: How to Deal with Overwhelming Debt Levels with Taz Rajan, Bromwich + Smith
• EP184 Credit Canada Debt Solutions with Keith Emery
• EP216 How to Deal with Debt Overload with Linda Stern, Crowe Soberman
• EP224 Get the Hell Out of Debt with Erin Skye Kelly
• EP227 Money Like You Mean It with Erica Alini
• EP229 Rich Girl, Broke Girl with Kelley Keehn
• EP238 Get Your Mindset and Money Right with Zandile Chiwanza
• EP249 Control Money Movements with Interac
• EP262 Taking Control of Our Money with Kelley Keehn

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