EP251 Financial First Aid with Alyssa Davies, founder of Mixed Up Money
After going through financial problems herself, Alyssa Davies discovered a need for a safe and non-judgemental space for people to discuss their finances. This discovery led to the creation of her finance blog, Mixed Up Money, which has now won Canadian Personal Finance Blog of the Year twice. Today Alyssa joins the show to discuss the importance of having open conversations about finances so that people can become educated and protect themselves from financial uncertainty.
Listen in as she explains why having an emergency fund is crucial, as is having a backup fund that you can rely on in a relationship in case something happens later down the line. You will learn the importance of automating whatever you can, how to evaluate your safety net, and what to do if you’re experiencing financial abuse.
“I recommend to all of my friends in relationships to have a backup fund because you never know what life will throw your way.” – Alyssa Davies
This Week on Young Money:
- What a day in the life of Alyssa looks like.
- What pushed her to start her finance blog.
- What an emergency fund is and how to create one.
- Why planning for unexpected expenses is so important.
- Why you should protect yourself by having an additional backup fund.
- What a safety net is and how to evaluate this.
Key takeaways:
- Educate yourself on finances.
- Discuss finances openly.
- Build an emergency fund.
- Start small.
- Automate whatever you can.
Connect with Alyssa Davies:
Resources Mentioned:
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