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Everyone's Talkin' Money

How to Survive the Holidays Debt-Free | Majd Maksad

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 27 November 2020

⏱️ 37 minutes

🧾️ Download transcript

Summary

The holidays are a time of celebrations, comfy clothes, lots of good eating and cold winter nights. But for many of us, it’s also a time of financial stress and a visit from your good ole’ friend debt. In this reboot episode, Majd Maksad, from Status Money, is dishing some great tips to breeze into the holidays without debt so you can hit the new year ready to take on your goals. Questions I Ask So just how do we breeze through the holidays without going into debt? What do you think causes the biggest stress around the holidays and budgeting? Do you see any trends emerging when it comes to holiday spending – what we are all blowing our budgets on? Does it matter your income? Debt is a real pain point for some many listeners – and sometimes it feels like there’s no way out from the vicious circle of paying off debt but not making any progress. How can you take action today to relieve some of that pain around our debt? I know status money has come a long way since we last spoke. What’s the latest? If you had one solid takeaway or action item from our conversation, what would you want everyone to remember? What You'll Learn How to hack your mind during the holidays so you stay in budget Why knowing how much your peer group is spending is beneficial to your financial success Why lower income groups are making the most impactful behavioral changes when it comes to spending How to break the money taboos and get rid of debt How you can win financially and finally stay in budget during the holidays Links Status Money Previous podcast episode with Majd Episode Sponsors A big thanks to all our episode sponsors that make it possible to bring this show to you. This episode is sponsored by Firstleaf. Join today and you’ll get 6 bottles of wine for $29.95 and free shipping at tryfirstleaf.com/mymoney. This episode is sponsored by Manscaped. Get 20% off + free shipping with the code MYMONEY at Manscaped.com. Thanks to Fundrise for sponsoring this episode. Start building your better portfolio today! Get started at Fundrise.com/mymoney to have your first NINETY days of advisory fees waived. Thanks to Splitit for sponsoring this episode. Split your payments and live big. Go to Splitit.com today. SUBSCRIBE & SHARE Want to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE! 👉 Sign up for my weekly LET’S TALK MONEY email newsletter. ASK SHANNAH Have an Ask Shannah question, submit it here GET SOCIAL ·     Shannah on Twitter ·     Shannah on Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Exclusively on Disney Plus.

0:02.0

It's hard and it's brutal and that's what makes it special.

0:06.0

The multi-award winning series, FX's The Bear, is back for a brand new season.

0:11.0

Upon my signal, unleash hell.

0:15.0

And every second counts.

0:17.0

When that shows zero, this restaurant ceases operations.

0:21.8

FX is the bear.

0:23.1

New season now streaming exclusively on Disney Plus.

0:27.1

18 plus subscription required Teas and C's apply.

0:31.0

Forgot your wallet?

0:32.4

No problem.

0:34.6

With Samsung wallet, everything you need is already on your phone.

0:38.6

Store your loyalty cards, earn rewards when you spend, and keep your travels smooth with boarding passes and train tickets ready to go.

0:46.0

You can even tap in on public transport.

0:48.5

No unlocking, no digging around.

0:50.7

And yes, your payment cards can live here too.

0:53.3

Safely stored and ready when you need them.

0:55.7

Travel light, live smart. Set up Samsung Wallet today.

1:00.2

The holidays are a time of celebration, no matter what holiday you celebrate or who you celebrate with.

1:06.3

It's a time to put on your comfiest clothing, curl up next to the fire, and drink a warm cup of hot

1:12.5

chocolate with a ton of marshmallows. Unless you live in LA like I do where December can also mean

1:18.6

hot weather and beach days. But the holidays are also a time of extreme financial stress and

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