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EP312 Check Up On Your Financial Health

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Manage episode 386414898 series 1919279
Content provided by Tracey Bissett. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tracey Bissett or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Are you equipped to handle the complexities of managing debt and navigating financial emergencies? In this episode, I dive into the crucial aspects of financial health, focusing on debt management and emergency preparedness. November, being Financial Literacy Month in Canada, serves as a timely reminder to assess and enhance our financial literacy, a key component of overall financial wellness.

Join me as I explore the theme of this year’s campaign, "Managing Your Money in a Changing World," and discuss practical tips and strategies for dealing with debt, creating budgets, and setting up emergency funds. I’ll cover the importance of understanding your financial rights, the benefits of having a solid plan for debt repayment, and ways to increase income and reduce expenses. Plus, I’ll offer insights on how to navigate financial emergencies, from contacting financial institutions to considering mortgage deferrals and credit card payment holidays.

"Managing debt is one of the key consumer building blocks that leads to greater financial resilience." - Tracey Bissett

This Week on Young Money:

  • The significance of financial health checks and understanding debt management.
  • Strategies for creating budgets, paying off debts, and avoiding additional debt.
  • Tips for setting up an emergency fund and reducing expenses.
  • Guidance on navigating financial emergencies, including mortgage relief options and credit card payment holidays.
  • The importance of seeking professional financial advice and being cautious of misleading information.

Key takeaways:

  1. Get a pulse on your financial health.
  2. Manage your debt.
  3. Optimize your financial health.
  4. Know your financial rights.
  5. Create a budget.
  6. Save and invest.
  7. Get help when you need it.

Resources Mentioned:

Rate, Share & Inspire Other Young Millionaires-in-the-Making

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media!

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

  continue reading

327 episodes

Artwork
iconShare
 
Manage episode 386414898 series 1919279
Content provided by Tracey Bissett. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tracey Bissett or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Are you equipped to handle the complexities of managing debt and navigating financial emergencies? In this episode, I dive into the crucial aspects of financial health, focusing on debt management and emergency preparedness. November, being Financial Literacy Month in Canada, serves as a timely reminder to assess and enhance our financial literacy, a key component of overall financial wellness.

Join me as I explore the theme of this year’s campaign, "Managing Your Money in a Changing World," and discuss practical tips and strategies for dealing with debt, creating budgets, and setting up emergency funds. I’ll cover the importance of understanding your financial rights, the benefits of having a solid plan for debt repayment, and ways to increase income and reduce expenses. Plus, I’ll offer insights on how to navigate financial emergencies, from contacting financial institutions to considering mortgage deferrals and credit card payment holidays.

"Managing debt is one of the key consumer building blocks that leads to greater financial resilience." - Tracey Bissett

This Week on Young Money:

  • The significance of financial health checks and understanding debt management.
  • Strategies for creating budgets, paying off debts, and avoiding additional debt.
  • Tips for setting up an emergency fund and reducing expenses.
  • Guidance on navigating financial emergencies, including mortgage relief options and credit card payment holidays.
  • The importance of seeking professional financial advice and being cautious of misleading information.

Key takeaways:

  1. Get a pulse on your financial health.
  2. Manage your debt.
  3. Optimize your financial health.
  4. Know your financial rights.
  5. Create a budget.
  6. Save and invest.
  7. Get help when you need it.

Resources Mentioned:

Rate, Share & Inspire Other Young Millionaires-in-the-Making

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media!

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

  continue reading

327 episodes

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