In this episode of The Thriving Mompreneur, host Liz Kent, a licensed therapist and mom coach, chats with financial coach and accredited financial counselor, Sarah Roller. They explore the often unspoken mental load of managing family finances, a responsibility that frequently falls on mothers.
Sarah shares insights into why this burden is so common, the emotional and behavioral aspects of money management, and practical strategies for reducing financial stress as a family.
The conversation highlights the importance of open communication about money, setting shared long-term goals, and tracking spending to bring clarity and ease anxiety.
Sarah and Liz also discuss the societal pressures women face around finances and the value of teaching kids healthy money habits from an early age.
Key Takeaways
Moms often become the default money managers, handling day-to-day spending and feeling the weight of financial responsibility.
Differences in financial priorities and communication styles can lead to conflict between couples, especially after having children.
Tracking spending, even without a strict budget, can provide valuable insights into where money is going and reduce feelings of being constantly behind.
Setting shared long-term financial goals as a couple can foster positive communication and create a sense of teamwork.
It's crucial for moms to prioritize their own well-being and allocate a budget for personal spending without guilt.
Teaching children about money management in an age-appropriate way is essential for their future financial success.
Openly discussing financial decisions with children, even if it's just narrating your thought process at the grocery store, can help them develop financial literacy.
Quotes from the Episode
"I think for most couples, when we talk about money, there tends to be a hyper fixation on what was just spent or what's about to be spent this week, last week, within this month. And that's not illogical, but I think it tends to have a very negative kind of conflict heightened approach. Whereas I would recommend for couples to have some big picture, long-term goals conversations." - Sarah Roller
"I think a budget has a really bad connotation. It seems like akin to a diet and it's restriction and reducing things in your life, but I like to look at it as being more intentional with your spending and creating a spending plan and we have limited resources." - Sarah Roller
Guest Information/Resources
Sarah Roller’s website:sarahroller.com
