How to Survive the Holidays Debt-Free | Majd Maksad

Nov 27, 2020

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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

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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.

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