Overcoming Financial Stress With The Saver And The Spender

Part 3 of a 6-part series on Cognitive Biases and how they impact us and our money each and every day! Check out Part 1 and Part 2 of this 6 part series if you haven't yet! It’s important to know what these are because they are impacting the way you make decisions and the way you think about your finances every single day. In this episode, we discuss how the Attentional bias is impacting the purchases we’re making but also the emphasis we place on those purchases as being life-savers. In this episode we will cover: Attentional bias - what it is and how it’s being used to affect my  decision-making How this shows up on a regular basis for us How it’s impacting the purchases we make and possibly leading to buyer’s remorse  How we can overcome this bias Steps to overcome Attentional Bias: Solution 1: Talk to someone you trust about it. When you’re about to spend your hard-earned money on something, share it with the group or with me or with Jill so we can give you our opinions. We are not falling victim

Part 2 of a 6-part series on Cognitive Biases and how they impact us and our money each and every day! It’s important to know what these are because they are impacting the way you make decisions and the way you think about your finances every single day. In this episode, we discuss how the Availability Heuristic bias is impacting the way we think of ourselves as money managers In this episode we'll talk about: Availability Heuristic - what it is and how it’s being used to affect my  decision-making How this shows up on a regular basis for us How it’s impacting the way we think of ourselves as money managers How we can overcome this bias Additional strategies and tips: ASK YOURSELF---> What do your older memories say about how you are as a money manager? What do your newer/more recent memories say about how you manage your money? How are you allowing these older memories to influence your current decisions? What decisions have you made recently without looking to statistics - or using your budget? Su

John Lanza, is on a mission to help families raise money-smart and money-empowered kids so that they can live happier, more fulfilled lives.  To that end, he has written The ARt of Allowance along with three other children’s picture books. John is the creator and Chief Mammal of The Money Mammals, an award-winning DVD and youth savings account program for credit unions nationwide, all built around the core Money Mammals Mantra, “we’ll share and save and spend smart too!”   John’s mission began with a simple question “How can we raise our kids to be money smart?” He and his wife quickly realized that financial literacy was vital not only for their own six month old but for all families and The Money Mammals were born - a pioneering program to get kids excited about becoming money smart.   In this episode Kelsa and John talk about: The best age to start doing an allowance? Allowance vs chores as part of the family dynamic?   What are the best ways to prepare kids for savings accounts, checking accounts

Hypnotherapist, Financial Therapist and CEO of Presidential Lifestyle, Kiné Corder founded Prosperity Club when she realized couples needed help with more than just the numbers. A former Morgan Stanley, Financial Planning Specialist, Kiné made the shift to counselor about 5 years ago. Helping patients feel more confident in every area of their lives. She is also a best selling author, international speaker, and her favorite pastime is traveling the world while healing it. In this episode Kelsa and Kiné talk about: Where confidence comes from financial or otherwise...and how to keep it once you get it. 3-things that cause us to lose confidence in ourselves, our partners, and our ability to stick to our love and money goals. Including how society, parents, and negative thinking affect us Comparing Complaining Competing Money cycle: earn, grow, protect, gift & enjoy 4-blocks and misconceptions that cause the most love and money challenges. Brain Society Social media feed Secrets 3 Actions

  Mandyy Thomas, born and raised in Saskatchewan, Canada, is a former civil engineer and holistic nutritionist turned financial coach.  She found that she was so stressed worrying about money and had significant health and anxiety related issues.  She was able to significantly reduce her anxiety and improve her overall health with proper nutrition and learning as much as she can about personal finance.  This led her to have a passion for helping other people take control of their personal finances by becoming a financial coach.  In this episode we talk about: How exactly her stress about money showed up in her life, even though she was making good money How she decided to become a financial coach and exactly what she did to become one The mistakes she made when starting her financial coaching business Her favorite tips for people that are stressing about money And much more   You can find out more about Mandyy at: www.mandyythomass.com https://www.facebook.com/mandyythomas/ https://www.facebook.c

In part 1 of a  6-part series, Kelsa discusses Cognitive Biases and how they impact us and our money each and every day! It’s important to know what these are because they are impacting the way you make decisions and the way you think about your finances every single day. And advertisers and retailers are fully aware of what these tendencies are and they’re using them to influence you. Notes from episode/ summary of major points/ etc: What is a cognitive bias? The Anchoring Bias - what it is and how it’s being used to affect my decision making Kelsa’s example of how this bias impacted a choice she made recently How we can overcome the anchoring bias   Additional tips/ strategies/ other things to consider/ etc: In order to combat the effect of anchoring, it’s important to put your own anchor to the amount of money you would otherwise spend = called self-anchoring. Use something like “# of hours if I spend $x” or “# of days my goal is delayed for $Y.” Note that we can fall victim to anchoring when