Budgeting – Money Is Emotional

Dear Fellow Spender with Emily Burnett (Ep. 28)

By Money-Is-Emotional | December 6, 2023

Are you looking to improve your relationship with your personal finances?

In this episode, Financial Dignity® Coach, Christine Luken, welcomes her fellow friend, financial coach, and the author of “Dear Fellow Spender: Enjoy Using Your Money to Get Out of Debt, Build Savings, and Create a Life You Love”, Emily Burnett. Together, they talk about the emotional side of personal finance, emphasizing the importance of budgeting, not as a restriction, but as a way to plan for joyful and fulfilling spending. Emily shares her personal journey of paying off $50,000 in debt in less than two years, highlighting the role of intentionality and control in financial management.

Emily talks about:

Her journey as a “former money mess” and what her turning point was
Her love for budgeting and why she reframes it as the “active cycle of organizing your money and planning your spending”
How to regain a sense of control over your money by remembering “money doesn’t spend itself”
The challenges women may encounter when managing personal finances as a single person
And more

Resources:

Connect with Christine:

Connect with Emily Burnett:

About our Guest:

Emily Burnette is a financial coach, the founder of Moso Money, and the author of “Dear Fellow Spender”. Emily is passionate about helping others get out of debt by adding a happy structure to their money and habits. She has written extensively about the subject and coached dozens of others to healthier money and thus happier lives. Emily left corporate in 2022 and has been traveling and building her business full-time ever since. She loves the open road, literally and figuratively, and her first book was published, “Dear Fellow Spender” in July 2023.

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The Problem with Budgets (Ep. 27)

By Money-Is-Emotional | November 22, 2023

Is anyone honestly excited about budgets? Maybe two people out of 100!

Let’s explore why we don’t like traditional budgets and how to shift our mindset around tracking out numbers.

In this episode, Financial Dignity® Coach, Christine Luken, talks about the challenges of traditional budgeting and offers a new perspective on managing personal finances. She suggests reframing budgeting as a prosperity plan or a wealth accumulation plan and emphasizes the importance of a sustainable and personalized approach. Christine also touches on the importance of both micro and macro budgeting and explains what they’re best suited for.

Christine talks about:

Why budget is an emotionally loaded word
The cookie cutter problem with traditional budgeting
Why the pass/fail paradigm is a problematic approach to budgeting
Macro vs Micro budgeting
And more

Resources:

Connect with Christine:

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Let’s Change ‘I Can’t Spend This Money’ to ‘I’m Choosing to Spend This Money Later’ (Ep. 21)

By Money-Is-Emotional | August 23, 2023

Have you ever wondered why we choose instant gratification over long-term rewards?

In this episode, Financial Dignity® Coach, Christine Luken uncovers the psychological and biological factors behind our saving habits. Christine discusses how to conquer present bias, save for safety and pleasure, and master the art of delayed gratification.

Discover how emotional factors influence saving attitudes and why saving isn’t just about restricting spending. Get ready to supercharge your financial strategy with smart goal-setting, automated savings, and more.

Christine discusses:

The emotional factors behind saving money and how to recognize + curb poor saving attitudes
Why saving money isn’t the opposite of spending money
How to start implementing visuals reminders & delayed gratification in your finances
The role of an emergency fund in your financial plan + how to start making yours
And more

Resources:

“Money Is Emotional: Prevent Your Heart From Hijacking Your Wallet” by Christine Luken

Connect with Christine:

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The Financial Dignity® Formula (Ep. 18)

By Money-Is-Emotional | July 12, 2023

Unleash your inner money magician with Christine Luken’s enchanting formula for lasting Financial Dignity®! Wave goodbye to debt, skyrocket your net worth, and embark on a whimsical adventure to financial abundance! Abracadabra, it’s time to play with your money!

In this episode, Financial Dignity® Coach, Christine Luken, shares the Financial Dignity® Formula with you. She breaks down the formula into 5 parts: your relationship with money, building a prosperity plan, mastering your debt, emotionally charging your savings, and investing in yourself, and shares some case studies and examples to help you apply the Financial Dignity® Formula to your finances.

Christine discusses:

How to develop a positive relationship with your money
How a prosperity plan can eliminate the problems with extreme budgeting
How you can master your debt by using it wisely and in moderation
How you can emotionally charge one of the important goals you want to save for
Why you should invest in yourself and your financial future
And more

Resources:

Connect with Christine:

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