Do you really need your money to be readily available?
In this latest episode we explore the psychology behind having readily available money and its impact on your financial wellbeing, known as the salient data effect. We'll discuss why seeing real-time bank balances provides comfort and a sense of control, and discuss strategies to balance this need with effective financial planning.Learn how to ensure your money is both accessible and working for you through high-interest accounts and investments.Tune in for valuable insights and practical tips on maintaining financial health.00:00 Introduction to Readily Available Money00:35 Understanding Salient Data Effect01:27 Psychological Comfort of Accessible Balances02:57 Balancing Accessibility and Investment04:00 Tracking and Automating Savings05:00 Evaluating Net Worth05:54 Conclusion and Next Steps
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6:08
How to get financially accountable with automation and tools
In this episode, we discuss the importance of accountability in managing your finances. We explore various methods such as leveraging automatic banking tools, budgeting apps, and coaching to keep your finances on track. Learn how to automate savings and debt payments to reduce stress and maintain consistency. Discover tools and strategies to help you make informed financial decisions without the mental burden. Stay tuned till the end for insights on the Finance Her Well membership designed to support your financial journey. As always like, follow, and subscribe for more financial tips and discussions.00:00 Introduction to Accountability in Finance00:11 The Importance of Financial Accountability01:03 Leveraging Automatic Tools for Financial Management02:27 Automating Savings and Debt Payments03:16 Budgeting Apps and Tools03:43 Manual Tracking and Consistency04:24 Conclusion and Membership Information
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5:02
How to pull your head out the sand and overcome financial avoidance
In this episode we explore the psychology behind the 'ostrich effect,' a common phenomenon where individuals avoid distressing financial information, such as debt and bank balances, to reduce anxiety. We delve into why people adopt this coping mechanism, the long-term consequences of such avoidance, and actionable steps to overcome it. Tune in to learn how to face your debts, create a realistic payment plan, and gain confidence in managing your financial health. Join us for practical advice and empowering tips to pull your head out of the sand.Let us know your thoughts on the ostrich effect and write in with any money challenges you'd like addressed on the show.Beth x00:00 Introduction to the Ostrich Effect01:08 Understanding the Ostrich Effect03:02 Psychological Reasons Behind the Ostrich Effect03:46 Overcoming the Ostrich Effect04:03 Practical Steps to Manage Debt04:47 Seeking Help and Celebrating Wins05:25 Conclusion and Final Thoughts
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5:43
Understanding Co-Holding: Balancing Savings and Debt
Have you ever held both savings and debt? You're not alone.In this episode we delve into the concept of co-holding, which involves maintaining both savings and debt simultaneously. We explore the psychological reasons behind this practice, the importance of managing high-interest debt, and strategies such as debt consolidation and automation to manage finances effectively. Tune in to learn how to balance financial responsibilities and achieve long-term security.00:00 Introduction to Co-Holding00:29 Understanding Co-Holding01:04 Psychological Aspects of Co-Holding02:51 Managing Debt and Savings03:58 Practical Tips for Co-Holders05:44 Conclusion and Final Thoughts
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6:29
How to set ourselves up financially as our own boss
In this week's episode we're addressing the mindset around your finances as an entrepreneur, and how we treat ourselves.Can we live a sustainable life as an entrepreneur and how do we invest in ourselves?Tune into the episode to see how you can reinvest in yourself and your business and set yourself up for success.Let us know if you're self-employed and struggle spending on yourself.As always please follow, like and rate the show.Beth xP.S. I also wanted to share a podcast I think you'll love. If you enjoy the expert advice here, check out "Talking to Teens" hosted by Andy Earle. It's like what we do, but for parenting teenagers - short, focused conversations with experts that offer practical tips you can use right away. I found it incredibly helpful for navigating the teenage years. Subscribe at talkingtoteens.com
Bite size financial tips to become financially well one podcast a time.
We'll address common financial concerns like ending up with no money, feeling guilty after spending, and handling awkward financial conversations with family. Dive into topics including why wealthy people use debt to grow their money, how much you should be getting paid, and effective saving strategies. Join us weekly for honest, judgment-free discussions designed to improve your financial well-being and make you feel good about managing your money. Subscribe, share, and tell us your biggest money challenges.
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