EP231 Back to Basics
Now that New Year’s resolutions are out of mind, let’s get back to paying attention, taking accountability, and being disciplined with our actions when it comes to our finances. This doesn’t need to be over-complicated—it can be easy to implement financial fitness into your life. So, in this episode, I will be sharing three basic tips to get your finances on the right track for 2022.
Listen in as I explain the importance of reviewing your expenses and looking for opportunities to save money on your bills. (You may be surprised by what you find!) You’ll learn the advantages of maximizing your retirement and employment benefits, as well as how to establish a financial fitness routine.
“With so much uncertainty still on the horizon, we need to get back to basics and bring greater discipline and accountability to our finances.” – Tracey Bissett
This Week on Young Money:
- Why you should always be on the lookout for opportunities to save on bills.
- The importance of understanding and reviewing all of your expenses.
- How to ensure you are maximizing your employment benefits.
- Why understanding your retirement savings options is so important.
- The benefit of having a retirement savings plan in place.
- How to establish a financial fitness routine.
- Why creating a routine for your finances is beneficial to your savings.
Key takeaways:
- Create a financial routine.
- Maximize employment benefits.
- Save for retirement.
- Review your bills.
- Look for savings opportunities.
Resources Mentioned:
- Tracey Bissett – The Money Coach for Entrepreneurs YouTube Channel
- EP019 TFSAs vs. RRSPs
- EP070 RRSP Withdrawal Programs – What Are They & How Do They Work?
- EP137 How to Manage & Negotiate With Creditors (People You Owe Money)
- EP219 Future of Pandemic Money Habits with D’Arcy McDonald, SVP Scotiabank
- EP222 Why Financial Literacy Matters at Work
- EP229 Rich Girl, Broke Girl with Kelley Keehn
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