What IS that accent??? Jamaican, apparently. Whodathunk. I’m speaking of course of Canadian TV treasure Gail Vaz-Oxlade. Gail has had multiple ‘money matters’ shows including ‘Til Debt Due us Part’, ‘Princess’, and the newest installation – ‘Money Moron’. I love them all!
Gail’s teachings are focused simply around a balanced financial life and learning to spend according to what you make while saving for the future. Her preferred method of getting people on track financially is to use a jar & journal system; the money that you’ll need for the week is split up into jars ranging from transportation to gifts to food and you write down everything you spend. The purpose is two-fold: 1. By writing down every penny you spend, you can see where your money is going and 2. By writing down every penny you spend you become incredibly aware of how costly and ridiculous some of your habits are. I love the concept of this system, but we stray a bit because we currently have a credit card that allows us to accumulate travel points. Therefore, we are on a strictly credit card only diet – no cash allowed. It’s a little tricky because we have to make sure the balance is paid constantly so that no interest accrues – the only way to make the points worth it.
Gail’s teachings are focused simply around a balanced financial life and learning to spend according to what you make while saving for the future. Her preferred method of getting people on track financially is to use a jar & journal system; the money that you’ll need for the week is split up into jars ranging from transportation to gifts to food and you write down everything you spend. The purpose is two-fold: 1. By writing down every penny you spend, you can see where your money is going and 2. By writing down every penny you spend you become incredibly aware of how costly and ridiculous some of your habits are. I love the concept of this system, but we stray a bit because we currently have a credit card that allows us to accumulate travel points. Therefore, we are on a strictly credit card only diet – no cash allowed. It’s a little tricky because we have to make sure the balance is paid constantly so that no interest accrues – the only way to make the points worth it.