{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"EP312 Check Up On Your Financial Health","description":"Are you equipped to handle the complexities of managing debt and navigating financial emergencies? In this episode, I dive into the crucial aspects of financial health, focusing on debt management and emergency preparedness. November, being Financial Literacy Month in Canada, serves as a timely reminder to assess and enhance our financial literacy, a key component of overall financial wellness. Join me as I explore the theme of this year\u2019s campaign, "Managing Your Money in a Changing World," and discuss practical tips and strategies for dealing with debt, creating budgets, and setting up emergency funds. I\u2019ll cover the importance of understanding your financial rights, the benefits of having a solid plan for debt repayment, and ways to increase income and reduce expenses. Plus, I\u2019ll offer insights on how to navigate financial emergencies, from contacting financial institutions to considering mortgage deferrals and credit card payment holidays. "Managing debt is one of the key consumer building blocks that leads to greater financial resilience." - Tracey Bissett This Week on Young Money: The significance of financial health checks and understanding debt management. Strategies for creating budgets, paying off debts, and avoiding additional debt. Tips for setting up an emergency fund and reducing expenses. Guidance on navigating financial emergencies, including mortgage relief options and credit card payment holidays. The importance of seeking professional financial advice and being cautious of misleading information. Key takeaways: Get a pulse on your financial health.  Manage your debt. Optimize your financial health. Know your financial rights. Create a budget. Save and invest. Get help when you need it. Resources Mentioned: EP056 Back to Basics - The 5Cs of Credit EP057 Bankruptcy and Consumer Proposals what does it mean with Doug Hoyes EP058 Invest in Your Financial Well-Being - Financial Literacy Month 2018 EP109 Milli Moves: Take Charge of Your Finances - Financial Literacy Month 2019 EP149 Adulting 101: How to Deal with Overwhelming Debt Levels with Taz Rajan, Bromwich + Smith EP166 Financial Literacy Month 2020: 10 Things you Should Know During Times of Financial Uncertainty EP184 Credit Canada Debt Solutions with Keith Emery EP218 Financial Fitness All Year Round EP222 Why Financial Literacy Matters at Work EP267 Managing Your Money in a Changing World Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week\u2019s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don\u2019t forget to share your favorite episodes on social media!  Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website. ","author_name":"Young Money with Tracey Bissett","author_url":"http:\/\/ymwithtraceybissett.libsyn.com\/website","html":"