If You Struggle To Say No With Money, This Episode is for You | 6
Manage episode 482859056 series 3665662
Summary:
In this episode, Julian Kohlbrand, also known as Jewlz The Budget Nerd, discusses the importance of setting financial boundaries. She compares managing finances to driving a car, emphasizing the need to be in control of our own financial decisions and not let others dictate them. Julian shares personal examples of setting financial boundaries, such as scaling back on social engagements and not giving gifts. She highlights the importance of communication when setting boundaries that may affect relationships. Julian also emphasizes the impact of financial decisions on children and the importance of teaching them healthy financial habits. She provides practical steps for setting financial boundaries, including having open conversations, identifying the reasons for making a change, creating a spending plan, and evaluating expenses based on their alignment with financial goals.
Takeaways:
Setting financial boundaries is crucial for taking control of your finances and making intentional decisions.
Communication is key when setting boundaries that may affect relationships.
Financial decisions and boundaries can have a significant impact on children's financial habits and future.
Identifying the reasons for making a financial change and staying focused on them can help maintain motivation.
Creating a spending plan that aligns with your financial goals and evaluating expenses based on their contribution to those goals is essential.
Chapters
00:00 Introduction: The Importance of Financial Boundaries
01:52 Taking Responsibility for Your Money
04:42 Communicating Financial Boundaries
09:53 Saying No to Financial Requests
13:32 Lessons Learned: The Day the Bank of Mom and Dad Closed
15:37 Steps to Setting Financial Boundaries
FREE RESOURCES:
Join the Debt Rebel Facebook Community: www.facebook.com/groups/jewlzthebudgetnerd
Build a Better Budget with the FREE 5-Day Challenge: www.jewlzthebudgetnerd.com
Disclaimer:
The information provided on this podcast is for informational and educational purposes only and does not constitute financial, investment, or other professional advice. The views expressed are those of the host and guests and are based on our own experiences. Always seek the advice of a qualified financial advisor or other professional with any questions you may have regarding your financial situation. Neither the podcast nor its host assumes any liability for any financial decisions or actions taken by the listener based on the information provided.
73 episodes