Financial Feminist Financial Foundations #1: Building Your Money Game Plan
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Aug 24, 2023 This podcast episode from the Financial Feminist series covers topics like budgeting, debt, and investing. It emphasizes the importance of reflecting on one's relationship with money and building an emergency fund. The episode also discusses mental health and financial priorities, setting goals, assessing spending habits, and understanding the emotional aspect of money.
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Reflecting on Money Memories and Family Patterns
- Reflect on your first money memory, whether positive, negative, or neutral, and consider the messages you internalized.
- Analyze your family's relationship with money and if you want to continue those patterns.
Building a Financial Game Plan
- Prioritize building a 3-month emergency fund in a high-yield savings account.
- Then, tackle high-interest debt, invest for retirement, address lower-interest debt, and finally save for major goals.
Conducting Regular 'Money Dates'
- Schedule regular "money dates" to review finances, set specific goals, and identify challenges.
- Write down all your accounts, where you want to be, and any financial sticking points.