#MoneyMasterClass Recap-Week 41
This week Gail focused on some basic banking advice, looking at bank fees and high interest savings accounts. She also spoke into our core values and what it is that influence our lives.
Bank Fees
Bank fees are one of the simplest costs to eliminate from your budget. There are so many free banks and credit unions out there to choose from. With a little effort, changing to one of these banks can save you so much!
If that’s not an option, using Gail’s suggestions of getting cash back at the grocery till or ensuring you’re always using your bank’s ATM can save you money too.
Life’s Ups and Downs
“If things are great, take the time to appreciate all the goodness. If life sucks right now, hang on; there’s a new reality around the corner.”
Living With Debt
Are you continually living off of next month’s paycheque? Gail points out that if you’re paying for things with credit, you are not using your own money.
Living an Illusion
What things are influencing your purchases? Are you trying to maintain a lifestyle that is outside of your means?
What do you Value?
At the beginning of the year, Gail had us writing out our core values and examining what we feel is important. This week, she asked us to re-look at these and see what adjustments need to be made.
Gail shared this tweet this week and it felt worth sharing here too. A good reminder of what to focus on.
HISA Interest Rates
Just like bank fees, the interest rate on your High Interest Savings Account (HISA) is a really easy money issue to address. During the pandemic, interest rates have fallen in a lot of banks, but there are still accounts out there that pay 1.5% and higher.
Are core values something that you focus on in your life?
Missed last week? Check out my recap here: Week 40
New to the Money Master Class? There’s still time to get started!
Check out this Twitter Archive to see all of Gail Vaz-Oxlade’s #MoneyMasterClass tweets from the start.
Find the resources, spreadsheets, and quizzes here: Money Master Class
Check out my weekly recaps to get caught up.
Start here with the Money Master Class Intro and Week One Recap
Check out Gail Vaz Oxlade’s books here:*
Money Rules
Debt Free Forever
CEO of Everything
Money Smart Kids
2 Comments
Ellis James Designs
“Life isn’t a straight line moving in one direction. It’s more like a scribble.”
Oof amen! I still have to remind myself this that it’s never linear, life is life and it makes it both scary and beautiful.
A Sustainably Simple Life
I love that thought…both scary and beautiful. That is sure the truth! 🙂