How to Become the Queen of Your Finances
- September 17, 2020
- by Chelsea
Why You've Got to Listen to This Episode...
Moments You Don't Want to Miss
- [11:11] How Jen discovered that the non-monthly expenses were causing a lot of money headaches in her home
- [25:09] Listen to Jen’s money story and why she never asked for money from her parents growing up
- [30:09] How a virtual envelope system could work for your family
- [35:35] What helped Jen pursue her own career after being a stay at home mom for so many years
- [49:40] Jen’s best tips for budgeting as a military family
- [52:20] Chelsea’s Top Takeaways
Are Your Money Mantras Helping You Reach Your Goals?
Reflect on your money beliefs and create healthier money mantras today with our free workbook!
Key Takeaways to Become the Queen of Your Finances
As always, we’ve rounded up our top three takeaways to summarize what we believe are the core points to remember from Jen
1 - Even When You Know All the Right Things, Mindset Matters
Financial literacy is important. Knowing how credit works, how to invest, what a sinking fund is—it all matters. But it isn’t the only thing.
Jen was training in financial education, answering money questions for her family and friends, and was still struggling to get out of debt. She had the tools, but she still had mental blocks getting in her own way.
If you’ve read all the finance books, listened to the podcasts, and still feel like you’re struggling with money, take the time to revisit your money story. The answers could be hidden there, just like they were for Jen.
2 - Embrace Creative Ways to Talk to Your Spouse About Money
Jen and her husband had different money mindsets and financial upbringings. It caused issues in their relationship at times. And chances are, if she kept trying to drive change by focusing on the nuts and bolts of their finances, it would have been hard to bridge the gap.
But by doing the 30 Day Prosperity exercise, talking about how they would use money and what things they wanted to be able to afford and do, they learned more about each other’s money patterns, about each other’s dreams.
If you’re struggling to get on the same page with your spouse, come at the conversation in a different way. Ask about their dreams. Do the prosperity challenge.
Start tying money conversations to what you want money to help you do, instead of who spent more at the grocery store.
You’ll both have more fun and find more exciting things to work towards together.
3 - Your Goals & Your Methods Should Be Unique to You
When it comes to how you manage money, what you do for work, how to balance parenting and career—it’s so easy to look outside ourselves for the answers. To want someone else to just tell us what to do.
But while it’s important to learn from others who went ahead, we have to decide what nuggets of wisdom and which strategies work best for us.
You don’t have to get it right the first time. Trial and error is part of the game, just like it has been for Jen, just like it has been for me. The only thing you have to do is keep trying and listen to what speaks to your personality, your style, and your goals.
Links & Resources Mentioned
- Register for the Get Organized HQ Summit Here
- Secrets of the Millionaire Mind by T. Harv Eker
- Her Dinero Matters Podcast
- Family Emergency Binder
- Smart Money Mamas Debt Payoff Tracker
- How to Destroy Your Debt
- Budgeting with a Mindset of Abundance
- Understanding & Improving Your Money Mindset
- Healthy Money Mantras Guide - Free Download!
Connect with Jen
Jen Hemphill, a military spouse & proud bilingual Latina, helps the busy career-oriented woman become the reina (queen) of her money and love her dinero more. She is a Latina Money Expert, an AFC® (Accredited Financial Counselor), author, speaker and hosts the Her Dinero Matters podcast.
The Her Dinero Matters podcast is focused on the advancement of U.S. Latinas to minimize the gender wage gap while creating a healthy, confident conversation around money.
She has been featured in publications such as Forbes, Clark Howard, USAA, Oprah Magazine, Good Company Magazine and Grow (Acorns + CNBC).
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