The Broke Generation

What’s your relationship like with your money? Are you an awesome, supportive friend? A lazy roommate? Maybe you’re more of a strict and toxic boss? This episode I’m helping you to understand if you’re in a toxic relationship with your money, and what you can do to improve it. It’s essential to understand your financial behaviours and why you do what you do when it comes to making financial choices. I’m talking about proactive steps, like tackling financial admin tasks or making tough financial decisions, that you can do to strengthen your relationship with money. By fostering a healthier mindset and environment around money, you can empower yourself to make better financial decisions.  Episode highlights: Unhealthy relationships with money may involve negative feelings, avoidance, overspending, and regret, leading to a lack of control. Looking for a quick win to enhance the relationship with money? Set up and save for specific goals, both serious and fun. Carve out dedicated financial empowerment time, whether for goal-setting, visualisation, or intentional spending, you can contribute to a healthier relationship with money. “When we're talking about an unhealthy relationship with money that can look like lots of negative feelings around money, it can look like avoidance, it can look like overspending, it can look like underspending."Emma [02:48] “A healthy relationship with money looks like having a sense of peace around money. It doesn't mean that that's sitting there thinking everything's perfect, because I actually don't think that anybody ever gets to that point with money."Emma [03:51] “Where might your environment, whether that is the people you're around, the places you're around, your physical environment, your routines, your habits, your home, your norms, your standards… Where might those things be upholding your negative relationship with money?"Emma [16:11]   Where to find The Broke Generation Website: https://thebrokegeneration.com/?v=518f4a738816 Instagram: https://instagram.com/the.brokegeneration TikTok: @the.brokegeneration  Order my book, Good with Money! Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.

Content warning: This episode discusses topics of family violence and financial abuse. In this episode, I talk with Serina McDuff, the acting CEO of Respect Victoria, shedding light on recognising early signs of financial abuse in relationships. Our conversation explores the need for open dialogue about finances, challenging societal norms, and fostering communication to create safe and consensual financial dynamics. These conversations can be with your own partner, family members and friends, and they are so essential. Serina emphasises that financial abuse can affect anyone, regardless of financial stability, and the importance of being proactive in understanding and addressing these issues. Throughout our discussion, Serina also provides valuable insights into creating consensual and safe financial arrangements within relationships. Episode highlights: Financial abuse is recognised as a form of family violence where one person in a relationship exercises control over another person through financial means. This can include monitoring spending, controlling funds, pressuring to take loans, and more. We discuss common red flags in relationships that may indicate financial abuse, such as isolation, control over finances, pressure to quit a job, gambling with shared money, and exclusion from financial decisions. The importance of having early conversations about finances in a relationship, and normalising discussions about money can help prevent financial abuse by allowing partners to openly communicate their expectations and goals. “The broader societal expectations and sort of traditional gender roles that many of us have grown up with and many that continue to be entrenched today that can be the context for family violence."Serina [09:57] “It's totally okay to have a joint bank account, you know, but at the same time we would say, hang on to a bank account of your own."Serina [24:45] “You might have different views and you might sort of disagree, but you should be able to kind of navigate that the way that we do in healthy relationships where you agree to disagree or you don't feel unsafe in those conversations, you're just trying to work out what you should do as a couple."Serina [28:09] If the content in this episode raises any concerns, you can find out more information and support at www.respectvictoria.vic.gov.au www.1800respect.org.au/violence-and-abuse/financial-abuse/toolkit   Where to find The Broke Generation Website: https://thebrokegeneration.com/?v=518f4a738816 Instagram: https://instagram.com/the.brokegeneration TikTok: @the.brokegeneration  Order my book, Good with Money! Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.

My book, "Good With Money" is finally out! This book goes beyond finances; it's about self-discovery, understanding spending habits, and reshaping your relationship with money. I’ll guide you through the book's five sections, exploring non-financial narratives and the intricacies of personal psychology in money management, complete with bonus page turning ASMR. I’m also sharing excerpts, with a sneak peek into the themes of financial empowerment and confidence explored in the book.  I hope it becomes your guide to mastering money habits and navigating your unique financial journey. If you do get a copy of the book, snap a picture of it and tag me on your Instagram stories - it’s out in the wild now!  Episode highlights: A bit of real-talk - I have some mixed emotions now that the book is out! The journey from writing to seeing it in bookstores has been overwhelming but exciting. Get a sneak peek into how the media has impacted women's financial empowerment and how social media influences financial decisions. “I sort of look beyond the everyday habits of getting good with money. That is my sweet spot. That is what I, you know, focus on the most for getting good with money to getting you from Hot Mess Express to feeling financially confident."Emma [18:56] “I could not write a book in 2024 that does not address the importance of understanding how to grow your money, how to, you know, go beyond having savings, what to do when you've got all your emergency fund and everything sorted out, growing your money long into the future and looking at that more wealth creation, stability, preservation side of things."Emma [21:11] “We're programmed to join the masses to survive, like following the crowd who are running from a predator. If you lose the pack, you die. But now let's think about our financial behaviour. To what extent are we mirroring the norms of others around us, or outsourcing the appropriateness of our financial decisions to what others are doing?"Emma [24:53] Loved what you heard? Order my book, Good with Money! Where to find The Broke Generation Website: https://thebrokegeneration.com/?v=518f4a738816 Instagram: https://instagram.com/the.brokegeneration TikTok: @the.brokegeneration  Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.

I'm sharing 12 money lessons that really made a difference in how I handle my finances. We're talking about things like planning for the long term, being smart about spending in a world full of temptations, and making sure your spending matches up with what really matters to you. I also get into understanding your own 'money story,' the importance of not always going for instant rewards, and saving money without a specific goal in mind. Take a listen to get all my tips and tricks for building a better relationship with your money, making the most of it, and using it to make your life better. Episode highlights: Shifting perspective from immediate spending to long-term savings. The importance of aligning your spending with your values - your bank statement reflects your priorities. Saving money without a specific goal. Understanding that discomfort and resistance is a normal part of changing habits. “There is no shame in saying to yourself, ‘Look, I need to spend some time learning how to better decide where my money goes, learning how to be resilient to these things, learning how I spend, looking back at where my money has gone, actually getting a handle on where my money is going.’"Emma [09:20] “One of the best goals you can have is to have your bank statement really reflect what matters to you."Emma [16:10] “The memories that you have about money will impact the way you behave."Emma [23:30] Where to find The Broke Generation Website: https://thebrokegeneration.com/?v=518f4a738816 Instagram: https://instagram.com/the.brokegeneration TikTok: @the.brokegeneration  Pre-order my book, Good with Money! Out February 27th 2024  Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.

Inspired by my friend Peta's podcast episode on setting standards in business (go listen if you're a business owner), today's quickie episode gets you thinking about the standards you're living by with your own personal finances. The habits we engage with create standards that we live by, and interrogating these standards can help us get out of our own way and start living to our full potential.  We explore the standards you might be accepting in your finances, and how you can look at raising your standards to get more out of your money and the way you experience the financial side of life.  Your challenge after this episode is to live your life as normal for one week, and look at the standards you're allowing into your personal finances. Are you making things harder for yourself by choosing immediate enjoyment over longer term goals? Are you kind of addicted to the chaos of starting over every month? Are you so used to having your value dictated by a salary you're not happy with that it's become part of what you accept as standard? This one will get you thinking.  Where to find The Broke Generation Website: https://thebrokegeneration.com/?v=518f4a738816 Instagram: https://instagram.com/the.brokegeneration TikTok: @the.brokegeneration  Sign up to The Glue: the weekly money newsletter that'll make your habits stick: www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.

In this week's episode I'm joined by author of Kids Ain't Cheap, Ana Kresina. Ana joins us to talk about the realities of managing your finances as a parent, how we can prepare if we're planning to have children, and how it can change the way we think about money as a whole. Highlights:  addressing our fears around the financial aspect of having children, and unpacking where that comes from and how to manage it the multifaceted cost of having kids preparing our finances ahead of having children navigating time out of the workforce, and the the gender pay gap and super gap our generation is doing things differently, and we're parenting differently too Where to find Ana: Book: Kids Ain't Cheap: https://www.amazon.com.au/Kids-Aint-Cheap-financially-parenthood/dp/1922611891  Podcast: Get Rich Slow Club https://open.spotify.com/show/6UEj6JvBGvxCNw4z44nV6m Instagram: https://www.instagram.com/anakresina/?hl=enSee omnystudio.com/listener for privacy information.

I hired a stylist and I'm taking you on a deep dive into what my experience was like, what happened when we went shopping, and the things I learned about my consumption habits. I recorded this episode just hours after I completed my personal shopping session to give you the real raw insights into what it was like as a curvy, jiggly gal trying on endless items of clothing in the space of 4 hours.  Highlights: The relationship between consuming clothes and how I feel about my body The ways I'd previously have bought things and how having a stylist changed that for me Observations on how we view having "enough" clothes How we approach tapering our desire to buy more, more, more  The experience of trying clothes on for hours on end, and the feeling of finding stuff that really worked The role of a stylist when personal shopping, and the pre-and-post services that I'm engaging. If you're interested in hiring a stylist yourself, you can find Maddy at the below links: Instagram: @_madaboutfashion Website: https://www.mad-aboutfashion.com.au/See omnystudio.com/listener for privacy information.

In this episode, we're diving deep into goal setting in a way you might not have considered before. We'll be looking at what goes into setting goals, how goals actually work, and why it actually doesn't matter if you achieve them or not. The simple presence of having goals can be enough to change your behaviour for the better. Highlights: The incomes vs outputs method of building conscious action The magical blend of conscious and subconscious action towards a goal The actual function of goals in changing behaviour Factors that determine the likelihood of achieving a goal The relationship between goals and behaviour change Why achieving your goals isn't necessarily about hitting the nail on the head How to strategically use goals to improve your finances and your life Changing the way we see the role of goals Episodes mentioned in this episode: How to change your financial behaviour according to science Can you really manifest money? With Kira Mathews  Also mentioned in this episode: Reflect & Reset workshop – purchase the recordings now Where to find The Broke Generation Website: https://thebrokegeneration.com/ Instagram: https://instagram.com/the.brokegeneration TikTok: @the.brokegeneration Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook. See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.

In this episode I’m joined by positive psychology practitioner and author of Choose Joy, Sophie Cliff, to discuss how we can inject a little more joy into our lives.  Highlights: What actually is joy and how can we define what it means to us? Why joy is so often linked to spending and consumption How to find joy without spending any money Reprogramming your brain to notice the little moments that make you happy Why we’re so used to dwelling on the negatives Balancing good and bad days, moments, and feelings Research-backed ways to find more joy Where to find Sophie: Book: Choose Joy, available at all major bookstores. Instagram: @sophiecliff  Website and programs: https://sophiecliff.com/ Where to find me: Instagram: @the.brokegeneration Blog: The Broke Generation | Destination for Hot Mess Millennials  See omnystudio.com/listener for privacy information.

It’s the long awaited wardrobe freeze update! In this episode, I’m sharing my reflections on completing a year without buying any clothes. I share the challenges and the wins, diving into what I discovered about myself and my existing wardrobe. I also unpack the strategies that got me through the year, and the importance of mental preparation and finding balance in various life aspects. From weight fluctuations to rediscovering treasures in my closet, I’m sharing the valuable lessons learned during this period of intentional living. Looking ahead, I’m laying out my game plan for the next year and figuring out how to put into action what I've picked up. This involves tweaking how I approach clothing consumption - thinking about making my own, trying out rentals, and, of course, doing a bit of shopping. Join me as I continue this journey of mindful consumption, reflecting on the past and stepping into a future where my relationship with clothes is not just about style, but about conscious choices and sustainable practices. Episode highlights: I finished my wardrobe freeze! Insights into the challenges and wins during the wardrobe freeze, How to prepare, physically and mentally, for a freeze, The financial aspects of the challenge - how much did I save by not buying clothes? My future plans post-wardrobe freeze, including seeking the help of a stylist! “I have a photo album on my phone of over 120 outfits I think that I put together throughout the year."Emma [17:35] “Spend time in your wardrobe, spend time with the stuff that you've got. Get to know the stuff that you caught by setting aside half an hour on a Saturday morning or an extra half an hour when you're getting ready."Emma [17:48] “A lot of things will happen during a year. They'll be events that you didn't even know you were going to go to yet. There will be feelings that you have about the way that you look."Emma [22:12] Where to find The Broke Generation Website: https://thebrokegeneration.com/?v=518f4a738816 Instagram: https://instagram.com/the.brokegeneration TikTok: @the.brokegeneration  Pre-order my book, Good with Money! Out February 27th 2024  Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.