EP326 NerdWallet's Guide to the Costs of Fertility Treatments
Young Money with Tracey Bissett
Have you ever wondered about the true costs of fertility treatment in Canada? In today's episode, we sit down with Shannon Terrell, a lead writer and spokesperson for NerdWallet, to explore the financial realities many Canadians face when seeking fertility treatments. With one in six Canadian couples experiencing infertility, understanding the costs and financial options available is crucial. Shannon shares insights from a guide she developed, offering a comprehensive look at the various methods of fertility treatments and their associated costs. Listen in as we discuss where Canadians can...
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EP325 Spotlight on V.I.L. Landscaping founder Charlie Kerrigan
Young Money with Tracey Bissett
In this episode, I’m joined by Charlie Kerrigan, the founder of V.I.L Landscaping and host of The Hard Lessons Podcast. Starting his business in 2016 with just a push mower, Charlie has grown V.I.L Landscaping into a thriving enterprise and aims to become one of the top landscaping companies in Canada. Listen in as Charlie shares his journey, from being a young entrepreneur knocking on doors to running a company with multiple locations and a dedicated team. He emphasizes the importance of surrounding yourself with mentors, the necessity of cash flow management, and building a strong team...
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EP324 Advice to My Younger Self with Martha Ibrahim
Young Money with Tracey Bissett
In this episode, I’m joined by Martha Ibrahim, a certified accountant with 13 years of experience in capital markets regulation and a champion of financial inclusion projects in Nigeria. Martha shares her journey and the inspiration behind her book, Things I Wish I Knew Before I Got My First Job, which highlights the seven keys to personal finance, personal growth, and self-leadership. Listen in as she offers invaluable advice on the importance of personal finance, the necessity of multiple streams of income, and the four essential skills everyone should develop. You'll learn about the...
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EP323 Financially Supporting Aging Parents
Young Money with Tracey Bissett
As Canadians grapple with the financial and emotional aspects of supporting aging parents, we sit down with Clay Jarvis, a mortgage and real estate expert from NerdWallet Canada. This episode dives into NerdWallet’’s recent aging parent survey, conducted by the Harris Poll, revealing that nearly one-third of Canadians are either assisting or plan to assist their parents financially. Listen in as Clay provides expert advice on initiating conversations about finances with aging parents, addressing sensitive topics such as estate planning and end-of-life care. He emphasizes the importance of...
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EP322 Fifth Annual Worry Poll Results with Scotiabank
Young Money with Tracey Bissett
Are Canadians' financial concerns keeping them up at night? In this episode, we're joined by Kingsley Chak, Senior Vice President at Scotiabank, to delve into the anxieties and hopes shaping the financial landscape in Canada today, as revealed by the fifth annual Worry Poll. This discussion sheds light on the pressing financial issues that Canadians face—from spending concerns to debt management—and highlights the proactive measures being adopted, particularly by the youth, to forge a path toward financial stability. "You're not alone. What you're thinking, what you're feeling—a lot of...
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EP321 TikTok Credit Card Tips Reviewed by NerdWallet Canada
Young Money with Tracey Bissett
Today we're diving into the untapped world of financial wisdom on TikTok as Shannon Terrell, lead writer at NerdWallet Canada, shares the truths and myths surrounding popular financial advice. Shannon sheds light on crucial financial insights shaping the digital landscape, from purchase protection to the mysteries of credit card skimmer scams. With Canadians increasingly relying on TikTok for financial advice, this episode offers tips to navigate the complexities of credit cards and personal finance. Listen in to hear about the nuances of credit utilization ratios, the intricacies of credit...
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EP320 Financial Fitness Lessons from Super Bowl LVIII
Young Money with Tracey Bissett
What can Super Bowl LVIII teach us about financial fitness? In this episode, I dive into wisdom we can take away from the year's biggest game and explore how stars like Taylor Swift and Usher, along with the athletes’ inspiring stories, reveal crucial financial strategies. Listen in as I analyze the perseverance and disciplined approaches of NFL players and entertainers, showing how their journeys mirror essential financial principles. You'll hear actionable insights for achieving financial wellness and learn the significance of dedication to long-term goals and resilience. "In the same way...
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EP319 Loud Budgeting
Young Money with Tracey Bissett
Are you ready to challenge the norms of personal finance with the bold trend of loud budgeting? In this episode, I explore this trend, which encourages openly declaring and adhering to your financial goals. Spearheaded by Lukas Battle on social media, this movement marks a departure from quiet luxury, advocating for courageous, value-driven financial decisions. I’ll delve into how this approach not only curbs impulse spending, but also adapts effectively to the current economic landscape. Listen in as I revisit themes of financial openness from previous episodes, highlighting how discussing...
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EP318 Bissett Financial Fitness Framework
Young Money with Tracey Bissett
As we step into the new year, it's the perfect time to get motivated and inspired about our financial fitness. In this episode, I draw parallels between physical and financial fitness, illustrating how both exist on a spectrum from beginners to experts. Dive into the three key elements of the Bissett Financial Fitness Framework: cash flow, savings, and debt management. Just like physical fitness—where cardio, strength training, and lifestyle choices play crucial roles—these financial elements are essential for a balanced and healthy financial life. Whether you're just starting to learn...
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EP317 Lessons Learned in 2023; 2024 Predictions & Tips
Young Money with Tracey Bissett
As we bid farewell to 2023 and welcome 2024, it's time to reflect on the past year's financial lessons and look ahead with optimism and preparedness. In this episode, I’m diving into the significant financial events of 2023, from soaring interest rates to the challenges of inflation and job cuts, and how they've shaped our financial behaviors. Join me as I celebrate Young Money's milestones (including crossing 350,000 downloads!), explore the personal and professional achievements of the year, and discuss the importance of community support and personal health in our financial journeys. I...
info_outlineSpring is in the air - and that means wedding season is quickly approaching. While weddings are a joyful celebration of two people sharing nuptials and promising to love each other forever, attending a wedding can often leave you feeling surprised by the financial expense. Being a guest at a wedding can often be more expensive than you think! This cost is magnified if you are invited to several weddings in a year.
On today’s episode, I discuss the true cost of being a wedding guest and how close your relationship is to the people getting married can directly impact the amount of money you might be willing or feel the need to spend. I explain how these expenses can quickly add up, what to consider when RSVPing to attend a wedding, and tips on how you can be a financially fit wedding guest - without breaking the bank.
“The cost of attending a wedding rises directly in proportion with how close you are to the people getting married.” - Tracey Bissett
This Week on Young Money:
- Average spending to attend a distant versus close family member's or friend's wedding.
- The average amount spent by wedding party members.
- Why nearly 40% of wedding invitees opt-out of attending a wedding.
- Total average wedding expenses.
- How much is considered an average acceptable wedding gift?
- Average expenses associated with secondary parties like engagement parties, bachelor and bachelorette parties.
- Why at times your presence at the wedding may be more important than any wedding presents.
Young Money’s Top 5 Tips for Being a Financially Fit Wedding Guest:
- Make a budget and start saving when news of the engagement comes out.
- Reuse, rewear, rent, or borrow your attire.
- Investigate for lower travel costs. Set up price alerts.
- Be creative with wedding gifts.
- When in doubt - opt out.
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