Ep. 75 Don't Blow Your Bonus & Other Financial Self Care Tips with Guest Lindsey Konchar

How Good Can It Get

In this episode, Bree and guest Lindsey Konchar explore the concept of financial self-care, emphasizing its importance in achieving overall wellbeing. They discuss the ripple effects of financial stress on mental health and the disparities in financial education between genders. The conversation transitions into practical strategies for managing finances, including the significance of intentional spending and the implementation of micro barriers to combat impulsive purchases. By examining the relationship between time and money, advocating for a balanced approach to financial management. They also discuss the importance of intentionality in financial practices, the challenges of overcoming financial fears, and the significance of community support in achieving financial wellness. They explore the dynamics of financial conversations in relationships, the value of financial discipline before major life changes, and the transformative impact of the no-spend challenge. Additionally, they address how to redefine luxury and provide strategies for managing bonuses and lump sums effectively. Keywords: financial self-care, financial wellbeing, financial education, gender disparities, intentional spending, micro barriers, COO, CFO, financial therapy, budgeting, financial wellness, intentionality, community support, no-spend challenge, financial discipline, luxury redefined, financial therapy, overcoming financial fears, budgeting strategies, financial conversations Takeaways

• Financial self-care is essential for overall wellbeing.
• Financial stress can negate the benefits of self-care activities.
• Gender disparities exist in financial education and upbringing.
• Money habits are often formed in childhood and can be difficult to change.
• Intentionality in spending can lead to better financial health.
• Micro barriers can help create friction against impulsive spending.
• Transitioning from COO to CFO mindset is crucial for financial management.
• Time and money should be viewed as equal currencies.
• Small changes can lead to significant financial improvements.
• There is hope for change in financial habits, regardless of starting point. Practicing delayed gratification is essential for financial health.
• Financial insecurity can create fear and avoidance in managing money.
• Asking for help in financial matters is a sign of strength, not weakness.
• Community support can significantly enhance financial wellness journeys.
• Financial conversations in relationships require open communication and teamwork.
• It's beneficial to address financial matters proactively, not just in times of crisis.
• The no-spend challenge can lead to significant savings and a shift in mindset.
• Redefining luxury can help individuals align spending with personal values.
• Managing bonuses effectively requires prioritizing debt repayment and savings goals.
• Individualized financial strategies are crucial for long-term success.

Connect with Guest Lindsey Konchar

Social: @financialtherapistlindsey

Website: www.copingwithlindsey.com

Connect with Host Bree Johnson

• Insta: @breejohnsonofficial

• Website: www.executiveunschool.com

Download Your Wellbeing Playbook: bit.ly/wellbeingplaybook

Save the Date 2/27/25: Speaker Series Registration: bit.ly/euspeakerseriesfeb