In this episode I dive DEEP into the theories of financial psychology, including what your money story is, why it matters, what research shows about money stories, and how your beliefs and behaviours can be modified to achieve a greater sense of financial confidence.

Highlights:
Money stories and money scripts in research
How money beliefs are developed
How beliefs inform behaviours
Why our beliefs and behaviours are sometimes contradictory
The importance of understanding our beliefs when striving for financial confidence and/or financial freedom
Why education gaps aren't the only thing to fill in your financial journey
Live exercises to help you unpack your money story
Belief and behaviour modification techniques to help you develop a stronger relationship with money

GET MY FEEL GOOD FINANCE GUIDE for 10% off using code PODCAST: https://thebrokegeneration.com/product/feel-good-finance-guide/

Sign up to The Glue: my weekly feel good finance newsletter www.thebrokegeneration.com/subscribe, where you’ll also nab access to my free 7 daily tasks to set up a budget.



Where to find me:

Instagram: @the.brokegeneration

Blog:The Broke Generation | Destination for Hot Mess Millennials

Disclaimer: Information contained in this podcast is for entertainment purposes only and should not be considered financial advice, nor used to make a financial or investment decision. Please seek professional advice for information tailored to your own circumstances.

In this episode I dive DEEP into the theories of financial psychology, including what your money story is, why it matters, what research shows about money stories, and how your beliefs and behaviours can be modified to achieve a greater sense of financial confidence.
Highlights:
<ul>
<li>Money stories and money scripts in research</li>
<li>How money beliefs are developed</li>
<li>How beliefs inform behaviours</li>
<li>Why our beliefs and behaviours are sometimes contradictory</li>
<li>The importance of understanding our beliefs when striving for financial confidence and/or financial freedom</li>
<li>Why education gaps aren't the only thing to fill in your financial journey</li>
<li>Live exercises to help you unpack your money story</li>
<li>Belief and behaviour modification techniques to help you develop a stronger relationship with money</li>
</ul>
GET MY FEEL GOOD FINANCE GUIDE for 10% off using code PODCAST: https://thebrokegeneration.com/product/feel-good-finance-guide/
Sign up to The Glue: my weekly feel good finance newsletter <a href="http://www.thebrokegeneration.com/subscribe">www.thebrokegeneration.com/subscribe</a>, where you’ll also nab access to my free 7 daily tasks to set up a budget.
 
Where to find me:
Instagram: <a href="http://www.instagram.com/the.brokegeneration">@the.brokegeneration</a>
Blog: <a href="http://www.thebrokegeneration.com/">The Broke Generation | Destination for Hot Mess Millennials</a>
Disclaimer: Information contained in this podcast is for entertainment purposes only and should not be considered financial advice, nor used to make a financial or investment decision. Please seek professional advice for information tailored to your own circumstances.

Feel good finance podcast, packed with frank and honest money conversations, and practical tips to help you be better with money.

The Broke Generation

Understanding and rewriting your money story

We all love a good actionable list, and this week I'm taking you through ten wallet-friendly ways to level up your life without burning a hole in your budget. From sprucing up your morning routine to splurging on fancy hand soaps, I explore practical strategies for enhancing your lifestyle without breaking the bank. With the current cost of living, it's never been more important to prioritise upgrades that improve your life long-term (that includes improving your happiness!).

Have a listen, and let me know on socials what small thing you fit into your budget that leaves you feeling like the baddie that you are!

Episode highlights:
Practical strategies for upgrading life affordably.
The importance of carving out time for personal choice and enjoyment.
How to enhance your daily routine, and indulgences without overspending.

“When is a spend lifestyle creep that is going to be damaging and when is a spend actually a perfectly reasonable expression of lifestyle elevation?"
Emma [05:19]

“When we're actually looking at taking care of ourselves, looking after ourselves and prioritising ourselves, we have to consider the financial component."
Emma [04:31]

“Sometimes having something in stock and available to you is actually a really good way to stop yourself from like having that scarcity..."
Emma [21:20]

Where to find The Broke Generation

Website: https://thebrokegeneration.com/?v=518f4a738816

Instagram: https://instagram.com/the.brokegeneration

TikTok: @the.brokegeneration 

Order my book, Good with Money!

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

We all love a good actionable list, and this week I'm taking you through ten wallet-friendly ways to level up your life without burning a hole in your budget. From sprucing up your morning routine to splurging on fancy hand soaps, I explore practical strategies for enhancing your lifestyle without breaking the bank. With the current cost of living, it's never been more important to prioritise upgrades that improve your life long-term (that includes improving your happiness!).
Have a listen, and let me know on socials what small thing you fit into your budget that leaves you feeling like the baddie that you are!
Episode highlights:
<ul>
<li aria-level="1">Practical strategies for upgrading life affordably.</li>
<li aria-level="1">The importance of carving out time for personal choice and enjoyment.</li>
<li aria-level="1">How to enhance your daily routine, and indulgences without overspending.</li>
</ul>
“When is a spend lifestyle creep that is going to be damaging and when is a spend actually a perfectly reasonable expression of lifestyle elevation?" Emma [05:19]
“When we're actually looking at taking care of ourselves, looking after ourselves and prioritising ourselves, we have to consider the financial component." Emma [04:31]
“Sometimes having something in stock and available to you is actually a really good way to stop yourself from like having that scarcity..." Emma [21:20]
Where to find The Broke Generation
Website: <a href="https://thebrokegeneration.com/?v=518f4a738816">https://thebrokegeneration.com/?v=518f4a738816</a>
Instagram: <a href="https://instagram.com/the.brokegeneration">https://instagram.com/the.brokegeneration</a>
TikTok: @the.brokegeneration 
<a href="https://www.booktopia.com.au/good-with-money-emma-edwards/book/9781761069741.html?irclickid=zopQlNUxJxyPRLx0C3XQa1a4UkFXPtypOwFfWc0&amp;utm_campaign=The%20Broke%20Generation&amp;utm_medium=affiliate&amp;utm_source=Impact&amp;bk_source=5023554&amp;bk_source_id=5023554&amp;irgwc=1">Order my book, Good with Money!</a>
Sign up to The Glue: the weekly money psychology and mindset newsletter<a href="http://www.thebrokegeneration.com/subscribe"> www.thebrokegeneration.com/subscribe</a>, where you’ll also get your free Financial Values workbook.

10 affordable ways to upgrade your life and feel like a baddie

Is the capsule wardrobe the new seasonal trend? We look into whether we're not just finding style inspiration online, but our entire style identity. In this episode, we dive deep into understanding your personal style and how you can avoid outsourcing your identity. From Instagram trends to the Wardrobe Pause Challenge, we explore the pitfalls of seeking identity through clothing and the importance of embracing authenticity.

Join us as we navigate the complexities of shopping dynamics, body image, and wardrobe psychology. We unravel the influence of social media on our fashion decisions and the need to shift focus from trends to self-expression (and acceptance!).

Where to find Emma

Website: https://thebrokegeneration.com/?v=518f4a738816

Instagram: https://instagram.com/the.brokegeneration

TikTok: @the.brokegeneration 

Order my book, Good with Money!

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

Where to find Victoria

Instagram: https://www.instagram.com/bad.bitch.money/?hl=en

Newsletter: https://substack.com/@victoriashakeshaft

Is the capsule wardrobe the new seasonal trend? We look into whether we're not just finding style inspiration online, but our entire style identity. In this episode, we dive deep into understanding your personal style and how you can avoid outsourcing your identity. From Instagram trends to the Wardrobe Pause Challenge, we explore the pitfalls of seeking identity through clothing and the importance of embracing authenticity.
Join us as we navigate the complexities of shopping dynamics, body image, and wardrobe psychology. We unravel the influence of social media on our fashion decisions and the need to shift focus from trends to self-expression (and acceptance!).
Where to find Emma
Website: <a href="https://thebrokegeneration.com/?v=518f4a738816">https://thebrokegeneration.com/?v=518f4a738816</a>
Instagram: <a href="https://instagram.com/the.brokegeneration">https://instagram.com/the.brokegeneration</a>
TikTok: @the.brokegeneration 
<a href="https://www.booktopia.com.au/good-with-money-emma-edwards/book/9781761069741.html?irclickid=zopQlNUxJxyPRLx0C3XQa1a4UkFXPtypOwFfWc0&amp;utm_campaign=The%20Broke%20Generation&amp;utm_medium=affiliate&amp;utm_source=Impact&amp;bk_source=5023554&amp;bk_source_id=5023554&amp;irgwc=1">Order my book, Good with Money!</a>
Sign up to The Glue: the weekly money psychology and mindset newsletter<a href="http://www.thebrokegeneration.com/subscribe"> www.thebrokegeneration.com/subscribe</a>, where you’ll also get your free Financial Values workbook.
Where to find Victoria
Instagram: <a href="https://www.instagram.com/bad.bitch.money/?hl=en">https://www.instagram.com/bad.bitch.money/?hl=en</a>
Newsletter: <a href="https://substack.com/@victoriashakeshaft?utm_source=podcast&amp;utm_medium=notes&amp;utm_campaign=tbg">https://substack.com/@victoriashakeshaft</a>

Buying your identity: the comments section with Emma & Victoria

Putting money into savings and then pulling it right back out again is a common financial glitch we experience. We are not all born financially savvy or natural savers. We are not naturally inclined towards delayed gratification and saving. However, pulling money out of our savings for whatever reason is one of those things that hold us back, but when we work on stopping this behaviour from happening in the long run, it can propel us much faster toward our goals. Pulling money out of our savings is not caused by the same circumstance or mechanism, and it is worth paying attention to what is happening at different points in your finances to cultivate your financial confidence and autonomy over your money.

In this episode, your host, Emma, shares more about savings and how to stop pulling money out of your savings. It's a common misconception that the main cause of our savings failures is pulling money out of our savings. In reality, the problem lies in our initial approach to saving, where we tend to put away excessive amounts. We end up over-saving and attempting to do more than we can. Listen in and get the tools to help you shift your perspective and approach to what fits your finances.

Tune in!

Episode Highlights:
[00:01] Episode intro and what’s in for you today
[05:42] Slowing down and recognizing situations in which you are pulling savings 
[09:09] The difference between reactive and responsive financial behavior 
[10:51] Emotional problems and how we pull savings to fuel emotional behaviors 
[13:06] The PMG framework to help you work on emotional spending
[23:50] Mathematical problems in calculating saving and the best antidote 
[27:21] Organisational issues and how to plan in a way that looks ahead for banana skins
[29:27] The focus problem and how it comes up in our financial management 
[33:50] Motivation, goal simulation, and understanding how your brain responds to reward
[38:51] Prioritisation problem and spending on your highest values to get the most value 
[42:31] Wrap up and end of the show

Standout Quotes:
“When we put money into savings and pull it back out again, we are kicking ourselves and our financial mindsets in a financial gap and hurting ourselves.”- Emma [07:43]
“If you try to do the right thing too hard, if you try to budget too hard or attempt achieve more than it's realistically possible, you are setting yourself out for failure."- Emma [08:19]
“When you are pulling money out of your savings emotionally, you are taking money from the future you to change your emotional state in the present; you are choosing now over later but the antidote is making tomorrow more attractive than today.” - Emma [23:20]
“Looking ahead for banana skins is one of those big hard hitters that is going to drastically change the sense of control that you feel you have over your finances and give you much more autonomy on where your money goes because you have that confidence that you have looked ahead and you are aware of what is coming up. ”- Emma [29:09]
“Understanding how to balance your scales out and prioritise your way to financial confidence is valuable.”- Emma [41:15]

Resources Mentioned Free Financial Values Workbook: https://www.thebrokegeneration.com/subscribe

Putting money into savings and then pulling it right back out again is a common financial glitch we experience. We are not all born financially savvy or natural savers. We are not naturally inclined towards delayed gratification and saving. However, pulling money out of our savings for whatever reason is one of those things that hold us back, but when we work on stopping this behaviour from happening in the long run, it can propel us much faster toward our goals. Pulling money out of our savings is not caused by the same circumstance or mechanism, and it is worth paying attention to what is happening at different points in your finances to cultivate your financial confidence and autonomy over your money.
In this episode, your host, Emma, shares more about savings and how to stop pulling money out of your savings. It's a common misconception that the main cause of our savings failures is pulling money out of our savings. In reality, the problem lies in our initial approach to saving, where we tend to put away excessive amounts. We end up over-saving and attempting to do more than we can. Listen in and get the tools to help you shift your perspective and approach to what fits your finances.
Tune in!
Episode Highlights:
<ul>
<li aria-level="1">[00:01] Episode intro and what’s in for you today</li>
<li aria-level="1">[05:42] Slowing down and recognizing situations in which you are pulling savings </li>
<li aria-level="1">[09:09] The difference between reactive and responsive financial behavior </li>
<li aria-level="1">[10:51] Emotional problems and how we pull savings to fuel emotional behaviors </li>
<li aria-level="1">[13:06] The PMG framework to help you work on emotional spending</li>
<li aria-level="1">[23:50] Mathematical problems in calculating saving and the best antidote </li>
<li aria-level="1">[27:21] Organisational issues and how to plan in a way that looks ahead for banana skins</li>
<li aria-level="1">[29:27] The focus problem and how it comes up in our financial management </li>
<li aria-level="1">[33:50] Motivation, goal simulation, and understanding how your brain responds to reward</li>
<li aria-level="1">[38:51] Prioritisation problem and spending on your highest values to get the most value </li>
<li aria-level="1">[42:31] Wrap up and end of the show</li>
</ul>
Standout Quotes:
<ul>
<li aria-level="1">“When we put money into savings and pull it back out again, we are kicking ourselves and our financial mindsets in a financial gap and hurting ourselves.”- Emma [07:43]</li>
<li aria-level="1">“If you try to do the right thing too hard, if you try to budget too hard or attempt achieve more than it's realistically possible, you are setting yourself out for failure."- Emma [08:19]</li>
<li aria-level="1">“When you are pulling money out of your savings emotionally, you are taking money from the future you to change your emotional state in the present; you are choosing now over later but the antidote is making tomorrow more attractive than today.” - Emma [23:20]</li>
<li aria-level="1">“Looking ahead for banana skins is one of those big hard hitters that is going to drastically change the sense of control that you feel you have over your finances and give you much more autonomy on where your money goes because you have that confidence that you have looked ahead and you are aware of what is coming up. ”- Emma [29:09]</li>
<li aria-level="1">“Understanding how to balance your scales out and prioritise your way to financial confidence is valuable.”- Emma [41:15]</li>
</ul>
Resources Mentioned Free Financial Values Workbook: <a href="https://www.thebrokegeneration.com/subscribe">https://www.thebrokegeneration.com/subscribe</a>

Understanding and rewriting your money story

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