Welcome to Session 06 of Moneystepper’s 2015 Savings Challenge Podcast. Today we bring two guests, Ryan and Robbie, on to the podcast and discuss their current financial situations and their involvement in the savings challenge.
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Resources highlighted in the episode
In this episode, we refer to a number of external resources, all of which are linked below:
Related Article: Moneystepper Savings Challenge (Moneystepper)
Related Article: Moneysense Guide To The Perfect Portfolio (Amazon)
Related Article: Shockingly Simple Math To Early Retirement (Mr. Money Mustache)
Related Article: Canadian Budget Binder
Related Article: Rock Star Finance
If you have any questions or opinions on this episode, please leave a comment below. I respond to all comments and it would be great to hear from you!
Questions posed by the guests
In each interview, we will ask our two guests to pose one question each to the community and for everyone to give their comments below in response. These will then be discussed with the next podcast guests:
Ryan – What tips do you have to help break bad financial habits (credit card use, living beyond your means, etc)?
Robbie – What are your tips to reduce household related expenses (insurance, groceries, etc)?
It was be awesome if you could leave some thoughts in the comments below…
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Thanks again Graham for having me on the show! I look forward to participating in the Moneystepper Savings Challenge in 2015. Great stuff.
For both I would say challenge everything. From the tiniest transaction up to the mahoosive ones. At first it will be painful but then less so. Hopefully it will eventually become a habit and start controlling purchasing right at the source. And it all adds up.
Also I try not to consider my self above anything. Just because you have an ok job doesn’t mean you can’t buy value food at the supermarket or drive a cheap car (or better yet cycle to work).
Also know yourself. To stop bad habits it’s no use going cold turkey if you know that you will break and revert to old habits. Take it slow 🙂 . Of if you like a challenge then go for it, but make yourself accountable.
Great point on the bad habits Mr Zombie. Going cold turkey is hard in breaking addictions, but its almost always the approach people take to breaking their bad spending habits or addictions.
Does anyone else think its better to start improving slowly, rather than tackling everything at once?
I’m personally the other way in that I jump 100% into everything right away, but that obviously carries a lot of risk and I’ve found myself failing in many endeavours because I jumped in too quickly and didn’t take my time to understand everything and take a measured approach.
Thanks Graham for having me on my first podcast. I recently gave it a listen, you did a great job.
Looking forward to getting the 2015 Savings Challenge first months results in the next couple days.
Good luck everyone, hopefully you enjoyed the podcast.
Mr. Captain Cash