How to Get Good with Money & Become Financially Whole

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April 1, 2021
by Chelsea

Why You've Got to Listen to This Episode...

In today’s episode I’m talking with America’s favorite personal finances advisor, Tiffany “The Budgetnista” Aliche. She’s using her teaching background to become the expert in helping women transform their relationships with money so they can become financially whole.

We’re talking about the 10 steps to financial wholeness that she covers in Get Good with Money, how to reframe your long-term savings goals, and how to protect your dignity while working to pay off debt.

Moments You Don't Want to Miss

[9:08] Listen to Tiffany’s definition of financial wholeness
[10:37] Discover how you can simplify your expenses into three categories so you can gain more control of your budget
[15:13] Find out why it might be worth it to say no to brunch and yes to Morocco
[20:23] Struggling to prioritize saving for retirement? This idea will help!
[28:58] This is how you can reduce your anxiety when dealing with debt collectors
[32:39] Here are some quick tips if you’re trying to balance saving an emergency fund and paying off debt at the same time
[57:42] Chelsea’s Top Takeaways

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Key Takeaways to Help You Get Good With Money & Become Financially Whole

As always, we’ve rounded up our top three takeaways to summarize what we believe are the core points to remember from Tiffany.

1 - Just Because You Owe Money Doesn't Mean Someone Can Rob You of Your Dignity

First, just because you owe money doesn’t mean someone can rob you of your dignity. I love that Tiffany called this out. If you have debts or bills you’re struggling to pay, know that you have rights and can limit when and how your creditors contact you. They can’t be following you around, calling you at work, calling your parents, or calling your friends trying to get ahold of you.

Make sure you send a letter and let them know when and how they can contact you in a way that works for you. Also, a quick reminder: your debt doesn’t say anything about who you are as a person and your worthiness or your ability to manage money. You can build wealth and you can be financially whole.

2 - Name and Picture Your Future Self

You can build wealth and you can be financially whole, to name and picture your future self. Tiffany’s future self is named Wanda and she’s sitting out on that front porch minding everyone’s business. She sounds like a ton of fun. Thinking into the future is hard for our brains to contemplate especially when it’s feels so distant.

Creating a way to make that person feel very real to you- like a friend you want to take care of helps you make better decisions in the short term. So make sure that when you’re planning for retirement, you’re planning for your Wanda.

3 -You Can Have Amassed Wealth but Not Be Financially Whole

Tiffany mentioned that even when her finances got better, she saved up to almost half a million dollars in cash, and her business was growing like crazy, she still had a lot of financial anxiety. All our money issues can’t be solved with more money. A number of them can of course, but money mindset and the ability to feel secure requires taking a more holistic look at your relationship with money and deciding what you want it to do for you. Why are you building wealth? Why do you need financial security? You get to determine what you want your life to look like.

Links & Resources Mentioned

Connect with Tiffany

Tiffany “The Budgetnista” Aliche is America’s favorite personal financial educator (thebudgetnista.com). Through her Live Richer Movement, she’s helped over 1 million women save, manage, and pay off millions of dollars.

A former teacher for ten years with a Master’s degree in Education, Tiffany was instrumental in getting The Budgetnista Law (A1414) passed in January 2019, making financial education mandatory for middle school students in New Jersey.

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