Cover of How to Live Within Your Means + Recover from Credit Card Mistakes

How to Live Within Your Means + Recover from Credit Card Mistakes

How to Live Within Your Means + Recover from Credit Card Mistakes

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Summary
 Feeling squeezed by the cost of living—and wondering if you’re actually living within your means? You’re not alone. In fact, 71% of Canadians expect the cost of living to keep rising—and 41% say they’re within just $200 of not being able to cover their bills month to month. In this episode of Get This, we break down how to tell if you’re living within your means, the credit card mistakes that quietly wreck your credit score and how to move past them. Plus, financial educator and CPA Lianne Hannaway joins us to reframe budgeting as emotions plus math—and she shares one actionable step you can take today.1. How to live within your meansIs living within your means a spreadsheet, a vibe check, or something in between? Neo’s chief credit risk officer Richard Goyder joins us to unpack the importance of tracking spending over a full year (not just a single month), why setting aside sinking funds matter for vacations and holidays, and how automating savings can keep you on track without obsessing over every transfer. Spoiler: Finding even $20 to $25 to cut can be the difference when you’re that close to missing bills.2. Credit card mistakes (and how to recover)We get into the mistakes that hurt most: missing payments, only paying the minimum amount and how accidentally using your credit card instead of your debit card at an ATM can translate to major fees and interest. And, surprisingly, carrying a small balance on your credit cards can actually work in your favour. 👀3. How to feel in control while cost of living climbsFinancial educator and CPA Lianne Hannaway shares how to know you’re living within your means when the math looks fine, but the feeling doesn’t. From asking yourself what makes you feel safe, to putting a name to your emotions when dealing with your finances, she explains why controlling what you can matters more than perfection—and why the first step might be opening that unopened bill.⏱️ Chapters01:00 How to know if you’re living within your means: Tracking vs. operating on “vibes”04:15 Monthly vs. yearly budget planning 07:00 Cost of living in Canada08:14 Making financial ends meet 11:50 Common credit card mistakes13:35 Does a credit card statement date matter? 15:19 Is paying off your credit card early actually a bad thing?16:15 Does carrying a balance help your credit score?17:42 Is staying on a prepaid card or secured card too long a mistake? 20:00 Don’t make this credit card mistake at the ATM!24:04 Reframing financial security and feeling safe in your budget25:44 Managing financial anxiety27:32 Practical steps to take control of your finances🔗 Resources & linksCanadians expect the cost of living to continue rising in 2026How to tell if you’re actually living within your meansDo you really need $1.5 million (or more!) to retire?How to budget for debt while still savingHow do credit cards work? A beginner’s guide for CanadiansThe 7 cardinal sins of credit cards and how to avoid themFinancial educator Lianne Hannaway_📧 Submit your question to The Get: theget@neofinancial.com📩 Subscribe to The Get newsletter: https://www.neofinancial.com/the-get📲 Follow Neo Financial: YouTube: https://www.youtube.com/channel/UCgnr3DFTnaFfCYRQN5r6Zjw Instagram: https://www.instagram.com/neofinancial/ Tiktok: https://www.tiktok.com/@neofinancial/ Facebook: https://www.facebook.com/neofinancial/ X: https://x.com/Neofinancial LinkedIn: https://www.linkedin.com/company/neo-financial/ #CostOfLivingCanada #LivingWithinYourMeans #BudgetingTips #CreditCardDebt #CreditScore #HowToSaveMoney #EmergencyFund #PersonalFinanceCanada #GetThis #NeoFinancial Hosted on Acast. See acast.com/privacy for more information.
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