Description

Deciding on a purchase can be harder than it seems. As a society, we are bombarded with choices and advertisements are everywhere fighting for our attention. People go about the buying process in many different ways, from researching everything to making a split-second decision on what to spend their hard-earned dollars on. So, in this episode, I am going to walk you through my purchasing pro tips to give you confidence the next time you are thinking about making a purchase.

Listen in as I share the importance of contemplating whether you actually need an item before you spend money on it and how to decipher if you can actually afford it. There is nothing worse than buying something and then never using it. Not only did you waste your money, but you deprive yourself of something else you could have had instead. But if you follow these tips, they'll help you avoid this issue moving forward.

“The first thing we should be thinking about is: do we need what we are contemplating buying?” - Tracey Bissett    

This Week on Young Money:

• How to ensure what you are wanting to buy is actually necessary.
• Why assessing whether you can truly afford something before haphazardly spending is key.
• When you should ask the experts for help.
• How to avoid wasting your hard-earned money.
• The importance of doing your research before making a purchase.

Key takeaways:

1. Do your research.
2. Understand your finances.
3. Assess your wants and needs.
4. Ask for help.

Join us for the Financial Foundation to Entrepreneurial Peace Training - Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett

Starting Monday, October 11. Register at bizpeace.com!

This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success. In this LIVE Training You Will Learn:

• Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2)
  Monday, October 11 at 2pm EST
• Session 2: Pricing 101 (Key #3)
  Tuesday, October 12 at 2pm EST
• Session 3: Stakeholder Conversations (Key #4)
  Wednesday, October 13 at 2pm EST
• Session 4: Putting into Practice your Full Set of Keys (Key #5)
  Thursday, October 14 at 2pm EST
• Bonus Sessions: Money Mindset, Success Stories & Q&A
  Friday, October 15 starting at 2pm EST

If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training. We kick things off on Oct. 11th so head over to bizpeace.com to get registered today.

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