In conversation with Grace Lantz, , a financial coach from the USA who absolutely loves talking about money. Grace is someone who’s been passionate about money management from a young age, and now she’s on a mission to help people like you and me feel more in control of our finances.
Grace shares her advice on how to align your spending with what really matters to you, the importance of talking openly about money—especially with your partner—and practical tips on how to make smarter money choices like using sinking funds, building up your emergency savings, and tackling debt with the snowball method. Grace underscores the importance of mindset and behaviours in managing finances, advocating for delayed gratification, gratitude, and giving as key components of financial literacy.
If you’ve ever felt overwhelmed by your finances or just want to make sure your money is working as hard as you do, you’re going to love this conversation with Grace. Tune in, and let’s get smarter about money together!
---
Key Takeaways:
Having conversations about money is important as it affects many areas of our lives.
Financial education, including budgeting, is crucial for managing money well.
Understanding our money stories and values helps us make informed financial decisions.
Individualised budgeting allows us to prioritise what is important to us.
Sinking funds are a helpful tool for saving for future expenses.
Communication is key in achieving financial unity in relationships. Question your spending habits and make intentional choices with your money.
Build an emergency fund and use the debt snowball method to pay off debt.
Learn the basics of investing and make informed decisions.
Practice gratitude and generosity to shift your perspective on money.
Believe in your ability to manage money well and seek resources for further education and support.
---
Chapters:
02:35 Introduction and the Importance of Having Conversations About Money
08:29 Personalised Budgeting: Aligning Spending with Values
12:42 Financial Unity in Relationships: Communication and Understanding
20:14 The Dangers of Comparing Yourself Financially
22:27 Sinking Funds and Proactive Financial Planning
30:55 The Power of Delayed Gratification
37:48 Cultivating Gratitude and Giving
42:17 Believing in Your Financial Management Skills
---
If you have enjoyed this episode of Recipes for Success, please feel free to support me by buying me a coffee! https://www.buymeacoffee.com/Hthompson
---
Connect with Grace
Website: https://www.familyfinancialcoaching.org/
Instagram: https://www.instagram.com/familyfinancialcoaching/
Financial Unity Course: https://grace-s-site-650b.thinkific.com/courses/financial-unity
---
Follow the host, Heather Thompson, on social media where she is known as "The Success Coach", a strategic business & career coach. @successcoachheather
Get more podcast content, a look at the behind the scenes, and upcoming guests by following: @recipesforsuccesspod.
---
Questions or want to be a guest?
Email: recipesforsuccesspodcast@gmail.com
---
Useful links from this conversation:
S5, Ep1, Siân Williams on Communication: https://spoti.fi/4dW3kFT
The quote on hope Heather mentions is from “Landlines” by Raynor Winn
---
