EP141 Mindless Spending Through the Global Pandemic

Are you being thoughtful with your spending, or are you mindlessly shopping on your phone or computer? With social distancing still in full force, the isolation is starting to get to many of us, and you may feel as though you are spending less because you are not going out and doing as much as before. But in this episode, I want to challenge this assumption and discuss the ways you may be overspending through this pandemic.

As an advocate of financial fitness, I want everyone and their businesses to come out of this crisis as strong as possible. Listen in as I share how you can avoid derailing your progress toward your goals by asking yourself one simple question before making any purchases. If you are prepared to start thinking of your future self instead of only thinking about what makes you happy now, this is the episode for you.

“Think about your future self and what will be best for them versus what will make you happy in the moment.” – Tracey Bissett

 

This Week on Young Money:

• The ways you may be mindlessly spending.
• Why it’s important to think of your future self.
• Whether debt levels are growing during the pandemic.
• The simple question you need to ask yourself before every purchase.

 

Key takeaways:

1. Why you need to think of your future self.
2. How to avoid mindless spending.
3. The importance of agility.

 

Join Tracey Bissett for the Cash Control Bootcamp:

Registration is now open for the Cash Control Bootcamp here. The Cash Control Bootcamp is an introductory live,  4 week online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp – Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register here today!

 

Resources Mentioned:

• EP063 Money Mindfulness with Jessica Moorhouse
• EP128 Adulting 101: How to Get Out of Debt-No Matter What Got You Into It
• EP133 How to be Financially Fit During A Global Pandemic
• EP135 How to Evaluate Your Financial Situation and Plan for Cash Control
• EP137 How to Manage & Negotiate With Creditors (People You Owe Money)
• EP139 Should you be Financially Selfless During a Global Pandemic

 

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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.

 

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