How to Control Spending in the "New Normal"

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 18 May 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is brought to us in partnership with Zelle. The summer is traditionally a high season for spending. And this year it might be even more of a financial frenzy. From vacations to your kids camp, family gatherings and outdoor events, we missed out on a lot of these key experiences last summer. But now with vaccinations on the rise, hold on! I predict quite the rebound. That’s good for the economy...but what about our wallets? Today’s show we’ll discuss more of what we can expect from a consumption standpoint this summer, what will consumer behavior be like, and how to make smart money decisions in this relatively emotional time. Are there ways to save? New ways to budget? And what about sharing expenses with others? Rose Corvo, Chief Marketing Officer at Zelle, joins to share insights from a new survey and advice for listeners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Bonus so many episodes how to control spending in the new normal
0:05.0	You're listening to so money with award-winning money guru for new star Robbie each day in a 30-minute dose of financial
0:12.6	Inspiration from the world's top business minds authors influencers and from far news yourself
0:19.2	Looking for ways to save on gas or double your double coupons. Sorry. You're in the wrong place
0:24.9	Seeking profound ways to live a richer half your life
0:28.3	Welcome to so money
0:31.3	This episode is brought to us in partnership with Zell the summer is traditionally a high season for spending and this year
0:38.5	It might even be more of a financial frenzy from vacations to your kids camp family gatherings outdoor events
0:45.8	We missed out on a lot a lot of these key experiences last summer
0:50.8	So now with vaccinations on the rise hold on I predict quite the rebound and that's good for the economy
0:57.2	But what about our wallets and informal survey of my Instagram account found a majority in the so money community
1:04.3	Preparing to spend more money on travel that was number one followed by clothing and
1:09.4	Entertainment and on today's show we're going to discuss more of what we can expect from a consumption
1:14.5	Stay and point this summer. What will consumer behavior be like and how to make smart money decisions in this relatively
1:20.4	Emotional time. Can we even save are there new ways to budget and what about sharing expenses with our friends and family?
1:27.9	You know personally
1:28.7	I'm inviting a number of friends and their family members who've all been vaccinated for 4th of July to our house
1:34.5	They're staying the weekend. I'm so excited. It's about 10 people kids adults and my husband and I were happy to host
1:41.8	But you know to be honest between us. That's an expense right that I didn't have last summer
1:47.1	So do I ask everyone to chip in they'll probably want to contribute?
1:51.5	How do we make this equitable and then you know we're putting our kids in a local camp full time this summer
1:56.7	We're planning some beach trips. We're going to a wedding. I mean are we overdoing it financially?
	...

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