Smart Money Happy Hour with Rachel Cruze and George Kamel
“Harmless” Purchases That Drain Your Bank Account
Mar 28, 2024
Discover the hidden costs of 'harmless' purchases draining your bank account while balancing treats and financial leaks. Hear about personal indulgences like foot massages, book shopping, fancy soap, and gaming expenses. Learn how to shift from surviving to thriving financially and enjoy sweet guilty pleasures like gluten-free snacks and rich dessert drinks.
39:14
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Quick takeaways
- Small expenses can add up to significant money leaks impacting financial well-being.
- Finding balance between enjoying treats and financial goals is crucial for financial wellness.
Deep dives
Be Mindful of Little Treats and Money Leaks
The episode discusses the concept of little treats and money leaks, highlighting how small, seemingly harmless expenses can accumulate and impact financial well-being. Money leaks are described as small expenses that gradually drain a budget, such as unnoticed charges, unused gym memberships, and multiple streaming service subscriptions.
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