How to Set Financial Boundaries and Overcome Overspending with Financial Therapist Aja Evans

Hello Monday with Jessi Hempel

Careers, Business

4.8 • 1.1K Ratings

🗓️ 2 December 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Money: it’s one of the most powerful forces in our lives, and yet it’s also one of the most complicated to navigate. In today’s episode, Jessi sits down with Aja Evans, financial expert and author of the new book Feel Good Finance, to discuss how to take control of your finances without guilt or stress. Together they explore how our money habits are shaped by past experiences and how understanding your financial history is key to making healthier decisions. Aja shares practical strategies for managing common issues like overspending, fear of investing, and balancing financial support for aging parents. Aja also highlights the emotional side of money, explaining how the "keeping up with the Joneses" mentality can lead to overspending. In today’s social media-driven world, we often compare ourselves to others, but Aja encourages a shift in mindset to focus on what we truly need—not what everyone else has. Finally, they discuss how to navigate financial decisions with a partner, emphasizing the importance of open communication, vulnerability, and understanding each other’s financial triggers. Aja’s approach helps couples collaborate, not clash, when making money decisions.This episode is full of actionable tips to set financial boundaries, overcome overspending, and shift your mindset for financial success. Continue the conversation with us at Hello Monday Office Hours! RSVP here to join us on the LinkedIn News page this Wednesday at 3 PM EST.

Transcript

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0:00.0	LinkedIn News
0:02.1	From the news
0:08.3	I'm Jesse Hempel and this is Hello Monday.
0:15.2	I'm deeply afraid of not having enough money. I know exactly where the fear starts. I'm nine
0:25.1	years old, walking in on my father after bedtime one night. He's paying the bills. He's sitting in front of one of
0:31.4	those large 1980s first generation computers, the kind with a big block underneath it. He looks very stressed out. He holds
0:40.5	up a credit card bill and it has this very big number on it. I don't even remember what the number was,
0:45.3	only that it had lots of digits. And he turns to me and he says, this, this right here,
0:51.1	this is for those sneakers we bought you in the first grade.
0:55.3	We're still paying for them.
0:58.1	Now, I remember those shoes.
1:00.7	They were lavender with these two Velcro straps.
1:05.1	I wanted them so badly because all the other little girls had them.
1:07.2	And eventually my mom caved.
1:14.1	But now, as I look at my dad's stressed outface, I feel regret and fear.
1:21.3	Now, if I thought about this story much as I grew up, I definitely did not share it. Because if I'm honest, it inspired a kind of shame in me. I grew up in a family that didn't talk about money
1:26.5	very much, in a community of people that didn't talk about money very much in a community of people
1:28.8	that didn't talk about money very much. And it made me feel like we didn't have enough.
1:35.0	But now looking back, I'm so grateful for this moment because it was this honest discussion about
1:40.1	money. And it shaped the sense in me that I needed to be very attentive to my own money it
1:46.4	instilled a sense of financial awareness that I carry with me to this day our guest
1:52.8	today would call this a financial flashpoint a pivotal moment that shapes your
	...

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