In this conversation, Traci Peterson interviews the Budget Besties, Shana and Vanessa, about personal finance and budgeting. They discuss the resistance and negative connotations associated with budgeting and how to reframe it as a tool for financial freedom and abundance.
They emphasize the importance of unlearning old beliefs and learning new ways to manage money. The Budget Besties provide a roadmap for creating financial abundance, including steps such as reviewing expenses, creating a budget, and automating finances.
They also address gender roles in finances and the need for open communication and shared responsibility within a partnership.
Lastly, they discuss the importance of teaching children about money and giving them an allowance to learn financial responsibility. They discuss the importance of delayed gratification and discipline in achieving financial goals. They emphasize the need to have open conversations with children about money and teach them how to earn and save.
After listening you'll feel empowered to take ownership of your finances and believe in your ability to be financially independent.
00:00
Introduction and Excitement
02:56
Reframing Budgeting for Financial Freedom
09:33
Unlearning and Learning: New Ways to Manage Money
12:37
Creating Financial Abundance: Review, Budget, Automate
29:27
Teaching Children about Money: The Importance of Allowance
35:55
Teaching Children about Money and Delayed Gratification
36:40
Open Conversations and Empowering Children
37:37
Earning and Saving Money at a Young Age
43:19
Automating Budgeting with Separate Bank Accounts
48:51
Financial Independence and Taking Ownership
54:20
Favorite Books, Snacks, and Beauty Tips
Connect with the Budget Besties
Remember you have to BE one to RAISE one!
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