FRIDAY FAVES: the spending trap of your fantasy self
This week's Friday Fave is an episode on how our fantasy self shows up in our spending habits! We're unpacking the concept of the "fantasy self" and exploring how it influences our financial behaviours and spending decisions. If you've participated in my wardrobe challenges, you might already be familiar with the idea of the fantasy self when it comes to clothing. But today, we're broadening that lens to see how it shows up in various aspects of our lives. Today I’m covering: Understanding the Fantasy Self Common Categories Where the Fantasy Self Shows Up How to Dismantle Your Fantasy Self Listen to the episode on Spending Runways mentioned in this episode here: https://thebrokegeneration.com/blog/episodes/are-spending-runways-draining-your-money/?portfolioCats=362 Where to find The Broke Generation Website: https://thebrokegeneration.com/Instagram: https://instagram.com/the.brokegenerationTikTok: https://www.tiktok.com/@the.brokegeneration Order my book, Good with Money! Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.
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36:50
5 things I've learned since I started tracking my spending again
In this episode I'm taking you through 5 things I've learned since starting to track my spending again as part of running Smart Spenders Club! Highlights: how tracking can provide a helpful behaviour modifier why visuals can help you connect to the impact of your spending the dangers of avoidance and how tracking helps you face the music Smart Spenders Club has closed for enrolment now, but stay tuned for a potential second round later this year.See omnystudio.com/listener for privacy information.
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29:50
FRIDAY FAVES: I didn't buy clothes for one whole year, here's what happened
Over the next 10 weeks, we're hitting replay on 10 of your most loved episodes, to give a little extra love to the eps that made the most difference in your lives and your finances throughout the four (yes FOUR!!) years of The Broke Generation podcast. First up we've got one of the most listened to eps of the podcast EVER... my round up of my year long wardrobe freeze. If you're new here, you're gonna love this one. If you've listened before, let it hit in a whole different way. Thank you so much for listening to the podcast and being a part of the gang – I so appreciate you! To celebrate the best eps of the last four years, why not share the podcast with a friend to help us reach more people!? See omnystudio.com/listener for privacy information.
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1:06:27
Why do we struggle to spend money once we've saved it?
A common dilemma that plagues many of us on our journey to getting good with money is this: we finally save up some money, feel our first sense of financial confidence, finally start to feel things clicking into place... and then suddenly feel immense guilt and ickiness when it comes to spending money on things, even if we've saved up for them! This feeling is complete and utter proof of how money is NOT rational. In a purely mathematical sense, having money saved up for something is endlessly easier than living in a state of financial chaos. AND YET, so many of us save up for something for the first time ever, and when the time comes to spend that money, OOP, we feel horrible. Not cool, brain, not cool. In this episode I unpack this dilemma and explore ways to move through it and come out the other side financially confident and empowered. Highlights: How our natural loss aversion comes into play The emotional tension between spending and saving Letting go of binary thinking in all areas of our finances Why a good relationship with money ALWAYS needs nuance Gradually desensitising yourself from the ickiness Ways to organise our money so we're just the right amount of connected, and disconnected, with our finances. Order my book, Good with Money: Australia: https://amzn.to/4eLOi5x UK: https://www.amazon.co.uk/Good-Money-Reprogramme-Spending-Control/dp/1399822446/ref=asc_df_1399822446?mcid=8cfd172ad9473176be1ff7bdcdfd9f24&th=1&psc=1&hvocijid=8186753501660029287-1399822446-&hvexpln=74&tag=googshopuk-21&linkCode=df0&hvadid=696285193871&hvpos=&hvnetw=g&hvrand=8186753501660029287&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9220538&hvtargid=pla-2281435176378&psc=1&gad_source=1 Where to find The Broke Generation Website: https://thebrokegeneration.com/Instagram: https://instagram.com/the.brokegenerationTikTok: https://www.tiktok.com/@the.brokegeneration Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.
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37:16
Be your own CFO: 7 money tips inspired by how businesses work
In this episode I'm taking you through 7 things I've learned in business that will supercharge your personal finances. Your mindset and perspective around money is super important in achieving financial confidence, and these 7 things I've picked up on since being a business owner stand out to me as things we can apply to our personal finances too. Highlights: Treating your life like a business to give you the clarity you need for success Allocating funds to your different life "departments" Being proactive and reactive accordingly Investing in growth and efficiency Adopting a "margin mindset" Identifying when your lifestyle isn't viable (and what to do instead) Viewing things from a big picture perspective by taking an annual approach to expenses Order my book, Good with Money: Australia: https://amzn.to/4eLOi5x UK: https://www.amazon.co.uk/Good-Money-Reprogramme-Spending-Control/dp/1399822446/ref=asc_df_1399822446?mcid=8cfd172ad9473176be1ff7bdcdfd9f24&th=1&psc=1&hvocijid=8186753501660029287-1399822446-&hvexpln=74&tag=googshopuk-21&linkCode=df0&hvadid=696285193871&hvpos=&hvnetw=g&hvrand=8186753501660029287&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9220538&hvtargid=pla-2281435176378&psc=1&gad_source=1 Where to find The Broke Generation Website: https://thebrokegeneration.com/Instagram: https://instagram.com/the.brokegenerationTikTok: https://www.tiktok.com/@the.brokegeneration Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.
Australia