472 –  Is It Wrong To Spend on Fun?

472 – Is It Wrong To Spend on Fun?

Author: Doug Hoyes September 16, 2023 Duration: 32:19

Every successful budget makes room for fun spending. But how much is OK to spend on fun? What if you feel guilty? Is it ever wrong to spend money on your hobbies and interests? On today's podcast, Maureen Parent returns to give advice on this less explored area of our budget and gives practical advice on how to allocate your income wisely towards leisure and why it's essential for your mental and financial health to do so. Tune in!

Related Links:

The Secret To Budgeting? Don't Budget https://youtu.be/u5q1Qge3k8s

The P.L.A.N. Account for Budgeting: https://youtu.be/pSQ3jvrFVHU

Is The 50/30/20 Budget Rule Even Possible Today? https://youtu.be/hANI5zadF2I


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 500

Debt Free in 30
Podcast Episodes
254 – What Costco Can Teach Us About Making Financial Decisions [not-audio_url] [/not-audio_url]

Duration: 21:48
Today we discuss a wonderful, magical place called Costco. Is it a store? A finance company? Something else? And why does it matter? All that and more on today's podcast (and I've got slides, so if you want to see the nu…
253 – Self-Employed: Financing Wisely to Avoid Debt Trouble [not-audio_url] [/not-audio_url]

Duration: 23:16
Many people have no choice: if they want to work, they have to be a "sub-contractor", or "self-employed". This is very common in the construction industry (Dry wallers, framers, plumbers, electricians, roofers) and in hi…
249 – The 5 Stages of Debt [not-audio_url] [/not-audio_url]

Duration: 30:10
You've heard of the five stages of grief; today Scott Terrio returns to discuss the 5 stages of debt, with examples from the people we meet with every day. Stage 3 (Bargaining) is where we can make the most mistakes; sta…
248 – Building Wealth in a Challenging World [not-audio_url] [/not-audio_url]

Duration: 38:35
Today on the podcast we have a first time guest, Danielle Park, a Chartered Financial Analyst and the President and co-founder of Venable Park Investment Counsel Inc., a money management firm. In her book, Juggling Dynam…
247 – Managing Your Second Biggest Expense: Food Budget [not-audio_url] [/not-audio_url]

Duration: 32:18
For the average Canadian family, their largest monthly expense is their rent or mortgage payment, and unless they have a very expensive car, their second biggest expense is often food. If you have a limited income, how c…
246 – Can I Travel While in a Bankruptcy? [not-audio_url] [/not-audio_url]

Duration: 25:28
You've got debt, you think you might need to file a consumer proposal or go bankrupt, but you're worried, because you travel for your job, or you have a family vacation booked, and you are worried that if you are bankrup…
245 – Pros and Cons of Pre-Approved Credit Limits and Credit Lines [not-audio_url] [/not-audio_url]

Duration: 30:41
When I ask my clients "what happened; how did you get into so much debt?", they tell me that the credit card company offered them a credit limit increase on their credit card, so they took it. Or, they offered me a line…