As we continue into the holiday season and get prepared to transition into the New Year, it's time to think about setting our goals. We chatted with best selling financial author Grant Sabatier about how we can assess where we are financially in based on our hapiness and our goals. He shares his tips, how we can stay on budget during the holidays and setting ourselves up for success.
to just look at the dollars and the cents. Then they get upset when they have overspent or in some cases get excited when they have underspent. But when you’re looking through that different lens, I find that it makes it a lot easier to evaluate purchased because you should be spending money on those things that make you happy and bring you joy and cutting back on all of those things that don’t.
ATHLEISURE MAG: How important is it for you to have a plan for your budget?
AM: Do you have tips for the holidays?
GRANT SABATIER: It’s very hard in life to get to where you want to go if you don’t know where you are starting out from and you don’t have a roadmap. A budget is a roadmap and it helps you figure out where you are today, how much money you owe, how much you have saved and even more importantly, it helps you outline the steps that you need to take to get you towards your goals. So a budget is essential for any financial plan. But there is a lot of different ways to budget. A lot of people think that there’s just kind of one way that you have got to track everything on a spreadsheet and that it has to be super boring. But there are a lot of ways you can save and build a budget. AM: How do you focus on staying within your budget when navigating a pandemic? GS: Yeah, I think it’s actually a great opportunity to look at where you’re spending your money and to ask yourself 2 questions. #1 How happy did this purchase make me and #2 is it worth it? As we’re all in our homes during this time and we have a little bit of extra time, it’s actually the perfect time to be more mindful about your money. So getting out those credit card statements or those bank statements and just go line by line. Pour a cup of coffee or pour that glass of wine and just look at what you have spent over the past year and I know that that can be a little anxiety producing, but looking at it through the lens of did this make my life better and is it worth it, is often an approach that people don't take. They tend
GS: Thankfully, we live during a time where it’s never been easier in history to comparison shop and to find a deal. We’ve all become sort of master Google searchers and researchers and so it’s very easy to spend 15 – 20 minutes just looking for lower cost alternatives whether you’re looking for a present for the holidays or even more importantly, you’re looking to reduce your recurring expenses. Those recurring expenses those things that we spend on every month, that’s 12 times a year. So things like, your cable bill, your subscriptions and your streaming bill and even your cell phone. This gets me a lot. Americans pay thousands of dollars more than they need to for their cell phones. We often sign up for a plan and stay with the same carrier for a very long time and the fees continue to go up and we don’t evaluaten the other options. Just like it's easy to comparison shop there are incredible, affordable, no contract wireless providers like Total Wireless that can help you save if you have a family over $1,200 per year. That's something where the quality of the service is super high and it's very easy to find lower rates and at Total Wireless you can get unlimited talk and text on the best network in the country over a lot of the best carriers in this country. AM: As the best selling author of Financial Freedom: A Proven Path to All of the Money That You Would Ever Need, what can you tell us about this book? GS: So the book follows my journey and the steps that I took from going from 24 years old, broke and living with my par-
