Ep 447: Why You're Sabotaging Your Finances

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 30 October 2024

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Every week on the HerMoney podcast, we talk about how to get control of your money, and in most cases, that means getting in control of your spending and knowing exactly where your money is going. Having this knowledge is so important because the truth is that many of us may be sabotaging ourselves financially. Sarah Newcomb, applied behavioral scientist at Edward Jones, and the author of Loaded: Money, Psychology, and How to Get Ahead without Leaving Your Values Behind, joins us to talk about why we financially self-sabotage and how to stop. CHAPTERS: 00:00 Introduction 06:00 What is Financial Self Sabotage 17:00 Setting Long-Term Financial Goals 28:00 Impulse Spending and Emotional Triggers 38:00 Mailbag Question 1: Should I stretch my budget to purchase my dream home? 43:00 Mailbag Question 2: I’m in a lot of credit card debt, will credit card companies negotiate it with me? TAKEAWAYS: Financial self-sabotage can manifest in many unconscious ways. Women often prioritize caregiving at the expense of their financial goals. It's essential to balance short-term desires with long-term financial health. Emotional health is deeply intertwined with financial education and success. Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an airwave media podcast.
0:06.0	Her money is proudly sponsored by Edelman Financial Engines.
0:10.0	Do you have an estate plan yet?
0:12.0	It's so important to make sure your hard-earned money goes to the people and charities you
0:17.1	care about most.
0:19.0	Learn more about how estate planning fits into your financial plan with a complimentary wealth checkup.
0:25.0	Schedule yours at plan E.F.com slash Her Money or by calling 833, 304, PLAM.
0:36.3	Love the holidays but hate grocery shopping.
0:39.2	I get it.
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0:42.3	but it can be a little stressful to see all the items adding up.
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1:29.8	Just go to the App Store or Google Play Store and download the free iBata app and use code her money.
1:36.0	That's iBata in the Google Play or app store and use code her money.
1:45.0	Hey everyone I'm Jean Chatsky. Thanks so much for joining me today on Her Money.
1:47.0	So if you're a regular listener, you know that every week on the show,
	...

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