Australian Finance Podcast Business cashflow, first job, and Gemma’s bad debt confessions - Q&A
Jun 26, 2025
Lexi Smith, a passionate money coach specializing in cash flow, joins Gemma for an engaging Q&A. They dive into the vital role of effective cash flow management and share actionable tips for balancing debt repayment with emergency funds. Lexi discusses the mindset needed to navigate personal and business finances and emphasizes the importance of financial literacy for children. The conversation also highlights practical strategies for introducing kids to money management through everyday discussions, ensuring they grow up with a solid understanding of finances.
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Manage Monthly Pay by Weekly Allowances
- Split monthly income into weekly allowances to better manage cashflow between paydays.
- Adjust for large bills and review finances to ensure spending aligns with income.
Balance Emergency Fund and Debt
- Build an emergency fund before focusing entirely on debt repayment.
- Balance saving and debt repayment by switching focus flexibly to suit your situation.
Trading Debt for Peace of Mind
- I charged my veneers on a credit card despite having the money, due to other financial uncertainties.
- This choice passed my 'sleep at night' test by keeping cash available for unexpected expenses.