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How to Develop a Healthier Relationship With Money — Starting With Your Spending Habits · Stacked Intent: Your Guide to Authentic, Intentional Living

• 0:00
  SPEAKER_00: Hello, my name is Becca Stackhouse Morrison, and I am ready for you to tune in each episode to hear ways to become you.
• 0:09
  SPEAKER_00: Looking at ways you can be your authentic and intentional self, you'll finish each episode motivated to live life more authentically.
• 0:18
  SPEAKER_00: I learned how to be truly me through relationships, chronic disease, finances, and taking each journey along the way.
• 0:26
  SPEAKER_00: Talk about the real aspects of life?
• 0:29
  SPEAKER_00: Of course.
• 0:30
  SPEAKER_00: Relationships, finance, nutrition, hardships, exercise are all topics that we will discuss.
• 0:37
  SPEAKER_00: Pull up a seat, drive safely down the road, or get into that workout groove to be challenged, motivated, and encouraged to be you.
• 0:46
  SPEAKER_00: This is the Stacked Intent Podcast.
• 0:53
  SPEAKER_01: As we continue with season 10 on working on the preparing yourself for a journey of self-discovery, our discussions are gonna focus on that reconnection of that grounding and joyfulness that you find within yourself.
• 1:10
  SPEAKER_01: So we're gonna kind of examine how you connect with yourself positively and how that impacts the strengths that you connect in your authentic self and how it is essential.
• 1:24
  SPEAKER_01: So in today's episode, we're gonna hop right in into cultivating a healthy relationship with finances.
• 1:32
  SPEAKER_01: By cultivating a healthy relationship with finances, this will transform into a healthy relationship that you are able to cultivate as a journey to empower your control.
• 1:47
  SPEAKER_01: This will all begin by understanding your habits and your attitudes towards money, which here at Stact Intent, I have created some awesome resources to help you test yourself to find out what your money personality is.
• 2:02
  SPEAKER_01: So there's a test that I've created and cultivated that'll be in the show notes that can help you kind of see where you lean in your personality of money.
• 2:13
  SPEAKER_01: And that's gonna help you begin to track what your habits or try to tie why you might have a habit to what your personality is.
• 2:22
  SPEAKER_01: Because guess what?
• 2:23
  SPEAKER_01: This matters.
• 2:25
  SPEAKER_01: So, in brief, we will discuss the importance of fostering a healthy financial relationship and share some of those tips to help you get started on creating one or revisiting it because you've drifted away.
• 2:45
  SPEAKER_01: So today's topic is just all about that cultivating a healthy financial relationship.
• 2:51
  SPEAKER_01: In the way of cultivating your relationship with your finances, you must look first at the habits that you have with finances.
• 3:02
  SPEAKER_01: This allows you to set what realistically aligns with your values and your lifestyle.
• 3:11
  SPEAKER_01: Where do you even get started?
• 3:13
  SPEAKER_01: You might be asking yourself.
• 3:15
  SPEAKER_01: Start by looking at your expenses from what you have on a credit card statement to what you have in a bank statement to really get a perspective on how you spend money.
• 3:32
  SPEAKER_01: Look at the income you have that is coming in.
• 3:37
  SPEAKER_01: Have you ever looked at a paycheck stub?
• 3:43
  SPEAKER_01: Some of us may not have.
• 3:45
  SPEAKER_01: You get a paycheck stub even if it's done electronically, which is nowadays how most paycheck stubs are given.
• 3:54
  SPEAKER_01: And a lot of times you've got to go to your employee website and download it.
• 3:59
  SPEAKER_01: It is an important thing to be able to reflect on your paycheck stub to see what your net versus your gross income looks like and what you're you got coming in.
• 4:11
  SPEAKER_01: So once you have taken this step, then create your budget to help reflect where you are and where you would like to be.
• 4:20
  SPEAKER_01: Typically, you can look at a trend of three months that aren't over the holidays.
• 4:26
  SPEAKER_01: So if you're listening to this podcast and you're in the months of November, December, go to a month that's not a holiday or doesn't have a high vacation or something that's out of your normal to be able to get that average.
• 4:42
  SPEAKER_01: Remember that as you are setting up or you're following your budget, you are not restricting yourself.
• 4:50
  SPEAKER_01: However, I love to look at it as you are allowing yourself to be the best informed at making the decisions.
• 5:00
  SPEAKER_01: Plans will always change, and it's not a failure, it's wisdom.
• 5:06
  SPEAKER_01: Adjusting your financial goals to match your evolving life also can show a sign of strength.
• 5:14
  SPEAKER_01: It means that you make choices that honor who you are now and who you want to become.
• 5:20
  SPEAKER_01: Now, here's an asterisk here for you.
• 5:24
  SPEAKER_01: Remember that if you are in a partnership that you're sharing finances, then it's you're both working towards what honors y'all and you're working towards what y'all want to become.
• 5:37
  SPEAKER_01: But remember that this takes sitting down and having discussions.
• 5:42
  SPEAKER_01: It doesn't just happen.
• 5:44
  SPEAKER_01: And sometimes these might be hard discussions that you have.
• 5:48
  SPEAKER_01: So they're so worth it, though.
• 5:52
  SPEAKER_01: Once you've built your budget, next up, you can set up an emergency fund for getting you ready for those unexpected costs that draw by.
• 6:02
  SPEAKER_01: Emergency funds can help you give you a peace of mind when you might need something to fall on.
• 6:11
  SPEAKER_01: Be sure that you are educating yourself to be able to learn within investments, to be sure that you might be choosing your investments on your risk tolerance and on what your long-term goals are.
• 6:27
  SPEAKER_01: Being financially responsible means protecting your future while staying true to who you are right now.
• 6:35
  SPEAKER_01: It is about honoring your priorities, whether that's freedom, security, experiences, or generosity, and using your resources to create the life that feels so good to you to live.
• 6:50
  SPEAKER_01: Not one that looks just good from the outside.
• 6:55
  SPEAKER_01: Make it about you.
• 6:58
  SPEAKER_01: That's what creates that healthy aspect.
• 7:02
  SPEAKER_01: Make sure that your mindset is set on cultivating abundance instead of scarcity, as this will help you focus on opportunities for growth and income rather than being solely with cutting costs.
• 7:21
  SPEAKER_01: This shift will help keep you encouraged.
• 7:25
  SPEAKER_01: By nurturing a positive and proactive relationship with finances, your relationship with finances is gonna help you be empower yourself to achieve greater stability and freedom.
• 7:38
  SPEAKER_01: This will help you in paving the way for a future and filled with opportunity and peace of mind.
• 7:47
  SPEAKER_01: Money is not the goal, alignment is when you make financial choices with intention.
• 8:06
  SPEAKER_01: Here's your call to action today.
• 8:08
  SPEAKER_01: Sit down with your finances on a money date.
• 8:12
  SPEAKER_01: Now, to do that, head on over to stackedintent.com backslash resources for a free resource that's gonna help you in starting to set up that financial decision.
• 8:26
  SPEAKER_01: You can also head over to the course suite and join the Finances Rediscovered and really look at what your relationship is and think about some ways to create that healthy relationship with a little bit of assistance.
• 8:43
  SPEAKER_01: Thank you so much for joining today's episode, and I look forward to sharing the rest of the season.
• 8:49
  SPEAKER_00: That brings us to the end of this episode of Stacked Intent.
• 8:53
  SPEAKER_00: If you loved this episode as much as I did, head on over and rate and subscribe so you will never miss an episode.
• 9:01
  SPEAKER_00: New episodes are going to be dropped on Thursdays.
• 9:04
  SPEAKER_00: Until then, this is Becca, and don't forget, enrich your life by being intentional.
• 9:12
  SPEAKER_00: This podcast was created, produced, and recorded, and edited by Stacked Intent.