EP114 Milli Moves: Are you Uber Broke?

Many young adults are falling into a cycle of wasting money and overspending. Some of these wasteful spending habits are due to the perception of convenience offered by ride and food delivery services. These expenses can quickly mount up and result in breaking the budget and falling short of achieving goals. If this sounds like you, then it is time to be honest, and take control of your money and boost your earnings and savings power.

 

Today, I discuss whether convenience is causing you to break your budget and leave you Uber broke. I highlight how spending habits have changed and why frank conversations around money are still required. I share how Uber and food delivery services have become more popular and how they lead to overspending. I also share how to approach your friends to ensure that they pay their share and highlight why you should consider if each purchase is necessary or whether it’s a roadblock to achieving your goals.

 

“It’s important to think about what is important to you and to create financial goals to achieve the things you want in your life.” – Tracey Bissett

 

This Week on Young Money:

 

• How spending attitudes have changed and the lack of frank conversations around money
• The rise in convenience services including Uber and food delivery
• Why you need to calculate the real cost of food delivery services
• How to ask your friends to pay their share
• Breaking bad habit cycles and developing an ‘everything in moderation’ mindset
• Setting goals and being mindful of unnecessary purchases
• Considering your safety when choosing ride services and vacation rentals

 

Key Takeaways:

 

1. Know the true cost of convenience 
2. Everything in moderation
3. Focus on your goals
4. Never compromise your safety to save money

 

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