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170 | 7 Common Financial Mistakes Women Make & How To Avoid Them

170 | 7 Common Financial Mistakes Women Make & How To Avoid Them

FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans


170 | 7 Common Financial Mistakes Women Make & How To Avoid Them

FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans

ratings:
Length:
35 minutes
Released:
Nov 15, 2023
Format:
Podcast episode

Description

Snag Our Budget Power Hour!
We're delving into the top seven financial mistakes women often make and provide practical steps to overcome them. Learn how to master budgeting, curb impulse spending, and manage credit card use more effectively. This guide is packed with actionable advice to transform your financial journey.

Mistake 1: Ignoring the Budget
Discussion on the common fear of budgeting and how avoiding it can impact finances.
Solution: Embrace budgeting with simple, user-friendly tools and templates.

Mistake 2: Not Budgeting Enough Money!
Insight into underestimating expenses and its consequences.
Solution: Conduct regular budget reviews and set realistic spending limits.

Mistake 3: Falling for Impulse Spending
Exploration of how impulse spending disrupts financial plans.
Tips to avoid impulse buys, such as the 24-hour rule and budget impact analysis.

Mistake 4: Avoiding Financial Discussions
The importance of open financial conversations in relationships.
Solution: Implement budget date nights to make financial planning more engaging and less daunting.

Mistake 5: Relying on Credit Cards
Analysis of the pitfalls of using credit cards as a primary spending method.
Advice on using budgeting to manage expenses instead of relying on credit.

Mistake 6: Allowing Shame About Finances
Addressing the feeling of shame around financial knowledge and skills.
Encouragement to embrace learning and growth in financial management.

Mistake 7: Not Seeking Help Sooner
The downside of delaying financial advice and coaching.
Various coaching options: Budget templates, one-time deep-dive sessions, and comprehensive six-month programs.

Want more?
Email us any questions: info@myidealbalance.com
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Keywords: budgeting, impulse spending, credit cards, financial planning, money management, financial coaching.

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Released:
Nov 15, 2023
Format:
Podcast episode

Titles in the series (100)

Even high-achieving, Jesus-following moms need help organizing their finances. We want to help you learn how to budget, how to get out of debt & how to save money. We do this through 1-on-1 coaching where we teach you how to stop stressing about money & install systems that automate your finances. Once you have these money systems, you’ll be able to live debt-free, build wealth & achieve financial freedom. Join us to ditch the bad money habits & take control of your financial future. Shana & Vanessa are best friends, business partners and Ramsey Solutions Master Financial Coaches.