EP234 MoneySense with Lisa Hannam
Managing money as a young person with a continuous list of responsibilities can be a challenge. Between living expenses, student loan debt, saving for the future, and wanting to have fun, young people often feel these pressures to keep up financially. This is where Lisa Hannam steps in. Lisa is the Executive Editor of MoneySense and has been a leading force in the success of the financial magazine with her effective financial advice. Today Lisa joins the show to share her motivational tips for anyone wanting to stay on their savings journey.
Listen in as she explains an easy way to start a savings account, as well as the power of using automatic deposits for your investments. You will learn how fluid money can be, an easy way to calculate if you want to spend money on something, and Lisa’s advice for anyone currently getting their financial information from social media.
“[People say] that it’s so easy to spend money, but it’s actually just as easy to save it.” – Lisa Hannam
This Week on Young Money:
- What a day in the life of Lisa looks like.
- The importance of contributing to your RRSPs.
- How to easily save money from every paycheck.
- The power of using automatic deposits.
- The value of surrounding yourself with people who have similar goals.
- Why you should spend time learning about finances.
- How to align your goals with your savings.
Key takeaways:
- Pay off your credit cards.
- Understand how fluid money is.
- Create boundaries around money.
- Ask questions.
- Do your due diligence.
Connect with Lisa Hannam:
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?
- EP128 Adulting 101: How to Get Out of Debt – No Matter What Got You Into It
- EP222 Why Financial Literacy Matters at Work
- EP224 Get the Hell Out of Debt with Erin Skye Kelly
- EP231 Back to Basics
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