Millennial Money Meetup #3

September 25, 2017

Millennial Money Meetup #3: Conscious Consumption, Minimalism & Shopping Bans

I’m Jessica and I’m a money expert, speaker, Accredited Financial Counsellor Canada®, host of the More Money Podcast, and am currently writing my first book with HarperCollins Canada (2025).
Ready to Take Control of Your Money?
Sign up to access my entire free resource library
let's do this
Debit & Credit
Estate Planning
Making Money & Careers
Saving & Budgeting
About Me
Early Retirement
Financial Independence
House Hunting
Life After Graduation
Life in Review
Making Money
Money Management
Moving Out
Rewards Programs
Saving Money
Side Hustle
Student Life

To learn more about this event & to be notified of when the next one will occur, visit

I can’t believe that my Millennial Money Meetup has already hit a huge milestone — one year ago I hosted my very first event! It was a crazy idea I had last summer, but I really wanted a way to connect with people offline, talk with other millennials about money openly with no judgment, and promote financial literacy throughout my generation.

At the time, I was still working at my full-time job, so to pull it all off I worked tirelessly in a spare moment I could. I also couldn’t have done it without the help of my amazing husband who served as an audio tech (besides a ton of other tasks) and of course EQ Bank for making it all possible.

I guess it was only fitting that on this one-year anniversary I’d host the Millennial Money Meetup for the first time in my hometown of Vancouver. And once again, EQ Bank was there to support this event and I couldn’t be more grateful.

I am also super grateful for the help of my husband (don’t know what I’d do without this man!), my sister Sarah Moorhouse who served as the event coordinator, and my special guest and friend Cait Flanders.

Since Cait was the special guest, the theme of this event was her personal finance journey, how her 2-year shopping ban changed her life and finances for the better, and she shared a little bit about her upcoming book The Year of Less.

If you weren’t able to attend or watch the live stream on my Facebook page, check out the recording above of my interview with Cait for Millennial Money Meetup #3 in Vancouver.

At the event, Cait dropped some major truth bombs that I want to recap right here. It’s funny, even though I know Cait really well and we talk all the time when she was sharing her story, some of what she said really made me think twice about how I think about spending, saving, and earning.

You Shouldn’t Feel Guilty About Spending Money

For instance, a big part of her personal finance journey is getting out of debt. In her early 20s she spent more than she earned and racked up a bunch of consumer debt. So, she hustled to get that debt number to zero and has maintained her debt-free status ever since. This is no easy feat, but what she discovered was that after becoming debt-free, her spending started to ramp up again.

This wasn’t because she was a shopaholic, it’s because she just wasn’t being mindful with her spending. Let’s be honest, that’s probably most of us. We are so used to spending first, thinking second, that most of what we buy isn’t anything that’s of any real value in our lives.

She also found that she wasn’t saving that much. What’s the point of being debt-free if you can’t finally allocate those debt-repayment dollars towards your savings goals?

That’s where the shopping ban idea came in. She wanted to take control of her spending without feeling guilty about it. That’s an interesting thing that she made sure we all understand. A shopping ban isn’t to make you feel bad about spending. It’s to prioritize your spending. She still had to spend money, despite what a “shopping ban” may sound like. She still had bills to pay and sometimes needed to buy a new bed or pair of pants. And that’s fine. But she just wanted to make sure everything she spent money on mattered.

Mindful spending is definitely something I think we can all try to be better at (though as I mentioned in the recording, I’m not sure I’m strong enough to do a 2-year shopping ban).

Be Open to the Idea of Earning More

I loved that she brought this up because Cait and I actually talked about this one-on-one during my Vancouver visit. We’re both self-employed, though Cait’s been at it for a few years already, and making money is definitely at the forefront of your mind when you’re solely responsible for making the bacon.

I do sometimes miss getting a guaranteed paycheque every two weeks, but I also love finally being my own boss. Still, I’m always thinking about earning. I’ve got a spreadsheet I update constantly, I use Freshbooks to help me with my accounting (which I literally couldn’t live without), and I’m always hustling to make that money honey.

Money is always on my mind, and sometimes it really gets me down. Sometimes I get excited about the idea of earning more than I ever have before because finally there’s no salary cap. But most times I just hope I can make as much as the job I left. It’s a constant psychological battle of wanting to earn more so I can live a better life, and wanting to earn just enough so I can afford my current life.

Cait shared some of what she’s experienced working for herself, and how for years she would think she could only make a certain amount. She never had aspirations of earning 6 figures per year, and she was fine with that. But then she started talking to a few friends and realized that she was limiting herself by not being open to the idea of earning more.

I think this is something we’ve all thought about at one point or another (especially us women). The idea that we can only earn a certain amount, or try to rationalize why we don’t need to earn more.

I would love to earn more. I’d love to bring in 6 figures per year. But I’m also afraid that if I put that pressure on myself, I’ll be too focused on making money and not focused enough on my main calling which is helping and empowering others.

But when Cait brought up it was more about being open to earning more, I just really like how she put it. I don’t need to earn a lot to be happy, but earning more than I am now could offer me more choice, more opportunity, and ultimately more freedom.

Watch the Full Video Panel Discussion

Now, if you couldn’t attend my Millennial Money Meetup, or missed the live stream on Facebook, never fear! I got you covered! I’m including the full video of the panel discussion above for your viewing pleasure, but you can also watch it on my YouTube channel.

Listen on SoundCloud

If you’d rather listen than watching the entire panel discussion, you can listen to the SoundCloud player below, or subscribe to the More Money Podcast on iTunes, Spotify, or Stitcher.

Check Out Photos from the Event

Want to see all the photos taken at the event? Check out the full photo library on Facebook.

Got a Money Question?

As a fun activity at all my meetups, I include a money question box for attendees to write into. This helps me gauge what people want to learn more about for future events and in general. If you have a money question you’d like me to know about it, leave it in the comments below!

Disclosure: Nothing on my website or affiliated channels should be considered advice or an endorsement, and some content may include affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more.

add a comment

  1. Katrina says:

    I’m sorry I missed this, as I would have loved to attend, but it just didn’t fit into my schedule for a weeknight, unfortunately. However, I would love it if you did another meetup in Vancouver at some point (maybe on a weekend?). It sounds like it was a lot of fun and I’m always interested in people who are proactive about their finances – I feel like they are especially hard to find out here!

    I hope you enjoyed your time back in Vancouver!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.