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Episode 18: Financial wake-up call
On this episode…
While the pandemic has brought numerous challenges and anxieties, it has also provided people with the opportunity to reset, both personally and financially. For best friends and former roommates, Molly and Ashley, NYC quarantine offered them each a chance to revisit their relationship with money, specifically their spending and saving habits. Exactly one year later, both women have transformed their financial mindsets and adopted money moves that will last beyond the pandemic.
This episode’s expert is Kara Stevens, money coach and Founder of The Frugal Feminista, a rapidly growing source for financial empowerment. Kara shares advice on how to reconnect with your money “why.”
Identify your money values. Understanding your money “why” can help you break away from societal expectations about what you should do with your money or how you should feel about money.
Adopting a cash-only approach and creating a weekly money ritual to review your transactions are two great ways to alleviate the anxiety of falling back into credit card debt.
Use positive language when describing your financial identity, such as “consistent saver” or “responsible spender.”
Keep your goals at the forefront of your financial decisions. This will allow you to acknowledge your emotions, but not let them control you.
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Financial planning and investment advice provided by John Hancock Personal Financial Services, LLC (“JHPFS”), an SEC registered investment adviser. Investments: not FDIC insured – No Bank Guarantee – MayLose Value. Investing involves risk, including loss of principal, and past performance does not guarantee future results. Diversified portfolios and asset allocation do not guarantee profit or protect against loss.Nothing on this site should be construed to be an offer, solicitation of an offer, or recommendation to buy or sell any security. Before investing, consider your investment objectives and JHPFS’s fees. JHPFS does not provide legal or tax advice and investors should consult with their personal legal and tax advisors prior to purchasing a financial plan or making any investment.
Unless otherwise noted, the speakers are not affiliated with John Hancock and they may have been compensated for their time.
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