Episode Transcript
[00:00:00] Speaker A: Take control. Tuesday starts right now. Manta Moussa is on the phone with me. And Manta, the season is changing. I'm wearing a little jacket. I got on socks and shoes that cover my feet. And that is what we're gonna talk about today.
[00:00:16] Speaker B: Yeah, but we're gonna talk about it from a financial perspective. You're right. The seasons are changing. I saw some trees that the leaves have started to change. But I also saw one of the first signs of financial season change. And that's a spirit of Halloween store.
[00:00:35] Speaker A: Got that right.
[00:00:37] Speaker B: When the spirit of Halloween store starts showing up, know that the commercial retail industrial complex is launching an all out, massive assault on our minds. Money and happiness.
[00:00:55] Speaker A: Absolutely.
[00:00:56] Speaker B: That's what's coming at you. It's almost impossible not to spend money in the US during the holiday time because of opportunities, some savings, maybe social approval and messaging to do so.
[00:01:10] Speaker A: Yeah.
[00:01:11] Speaker B: It starts with Halloween in October, followed by Christmas, and it spawns Black Friday, Cyber Monday, small business Saturday after Christmas, clearance, etcetera.
[00:01:23] Speaker A: All the things.
[00:01:24] Speaker B: And how we get in trouble is when we go into the holiday season, which comes the same time every year, without a plan, unplanned spending can really create havoc with your budget and leave you with a debt hangover in 2025.
So what we want to encourage our listeners to do right now is make a plan for your holidays. Now, back in 2018, the average american family spent about $800 on holiday stuff. This is 2024 with inflation. So even at that same level, you're looking at 1000 plus dollars for a holiday plan. For that. Yes, save for that. Make a plan now on what you're going to spend, who you're going to spend it on, and those type of things, and then execute your plan. Because if you go into it without a plan, you do a lot of impulse purchases.
Generally what happens is people end up with debt and you don't want to do that. You want to have a pleasant holiday, you want to be generous, and you want to go on and move on with your life and your plans in 2025 and not be paying for impulse spending.
[00:02:49] Speaker A: Yeah, that's painful going into a new year more in debt than you were going out of an old year. And if you want more, take control Tuesday. Head over to our archives. Takecontroltuesday.com. as always, thanks so much, Mansa.
[00:03:04] Speaker B: Thank you.
