Ep 103: How To Do The Ultimate Shopping Ban And Save Thousands

No matter where you are in your financial life, you’ll be able to relate to Cait Flanders’ story. After paying off $30,000 of consumer debt in two years — and upping her savings game — she found herself shopping, and shopping, and shopping some more, because she never addressed why she got into debt in the first place. Her solution? A two-year shopping ban during which she discovered her spending was more emotional than anything else. In her book, The Year of Less: How I Stopped Shopping, Gave Away My Belongings, and Discovered Life Is Worth More Than Anything You Can Buy in a Store, she chronicles her journey and teaches us to hack our shopping habits for the better. Also, Kelly and I answer your questions on short-term and long-term investment decisions — and how to lower your credit card’s interest rate. Stick around for Thrive, because it’s spring cleaning season. We’ll talk about what you need to keep and what you need to shred as you declutter this tax season.

Catch up on what you missed: