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For this episode of the Mo’ Money Podcast, I chat with Canadian personal finance expert Rubina Ahmed-Haq. She blogs over at Always Save Money, but she’s been in the finance game for a long time.
She started out as a journalist, but after years in the industry she realized her passion was for personal finance. Now, instead of being a foreign correspondent for ABC News, you can find her on almost any Canadian news station as the go-to money guru.
Besides talking about her transition from journalist to expert, we also got into why she got so into personal finance from the first place. And it was largely her upbringing that made her so financially savvy.
Although many of us aren’t included in money conversations as kids, Rubina’s family talked about it openly. This helped her get a grasp of the finance basics earlier than most people, and it definitely inspired me to make money an open topic for discussion when (or if) I have a family in the future.
We also chatted a bit about values, and how many people and families have values that are out of whack so to speak.
We shouldn’t be focusing on giving our kids whatever they want, and spending money on them to show them we care and that we’re good parents. That is not going to set a good precedent for when they grow older. They need to understand the value of a dollar and the importance of managing it and spending it wisely. That’s something I got from living in a frugal family, and honestly, I know it’s a big reason why I didn’t get into credit card debt or live paycheque to paycheque. Some food for thought I hope.