EP272 Financially Fit Holidays
With the holidays just around the corner, many Canadians are wondering how they’re going to make their budgets work when it comes to gift-giving and holiday travel. In fact, according to new research from Interac Corp., the majority of Canadians say they are facing barriers that hinder feelings of financial control this year, with 49% saying the current economic situation has negatively impacted their confidence in managing everyday finances. So how can we set ourselves up for a successful holiday season ahead? In this episode, I will be sharing some tips and tricks for navigating the holidays so that you can feel more confident when it comes to your finances.
Listen in as I explain how to communicate with your loved ones about what they may benefit from this season so that you can help them in a meaningful way rather than simply giving them a gift. You will learn that it is okay to let your loved ones know about your financial situation so that they are aware of what you can do and how to have fun this season, even if your budget is a little tighter than usual.
“Things don’t have to be hard on your finances to make an impact.” – Tracey Bissett
This Week on Young Money:
- The number of people feeling a lack of confidence in their finances this year.
- Why holiday spending is expected to fall a significant percent.
- How you can offer to help your loved ones during the holiday season.
- Tips for navigating the holiday season.
- The benefit of communicating with your loved ones about their wants this season.
- Free options to celebrate the holidays with loved ones.
Key takeaways:
- Re-frame the season.
- Get back to basics.
- Set limits.
- Be honest about your situation.
- Make a list.
Resources Mentioned:
- EP011 Financial Fitness Tips for the Holidays
- EP059 What is insurance and Why do I Need it with Deborah Williams
- EP131 Adulting 101: Why You Need a Will and Powers of Attorney with Erin Bury
- EP219 Future of Pandemic Money Habits with D’Arcy McDonald, SVP Scotiabank
- EP222 Why Financial Literacy Matters at Work
- EP226 Financial Accountability Over Financial Resolutions
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