[Ep. 120] This Is Why You Should Track Your Spending

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For this Listener Series episode of the podcast, I chat with Scott McEachern who reached out to me to be on the show after being a long-time listener.

Now, Scott actually works in the financial space, but personal finance is really his passion and it’s what led him to do what he does for a living. A big reason is because his dad worked as a financial planner, so he learned at a young age how to be smart with his money.

And ever since then, he’s put what he’s learned into practice to live a meaningful life that focuses on being intentional with his money.

He shares a number of things him and his wife do to be able to pay off their debt (they have student loans) and work towards affording their financial goals. These things include:

  • Adding small extra payments to his student loans to pay them off quicker
  • Buying used cars instead of brand new
  • Renting a cheaper/smaller place instead of trying to keep up with the Jones’
  • Delaying starting a family until they are debt free
  • And most importantly, tracking their spending and income regularly so there are no surprises

Learn More About Scott

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Want to be part of a community of empowering, positive and helping people who also want to better personal finances, improve their lives and find more balance? Then join my Facebook group of over 1,000 members today! It’s a great space to ask questions, get some support from others and it’s where I host my book club too.
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Click here to access my resource library

Want to Be on My Podcast?

Got a story you want to share with other Mo’ Money Podcast listeners? Then hit me up and let’s see if you can be my next guest! Email me your personal finance journey and let me know what you want other listeners to learn from you.

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