In today's throwback solo-episode, I revisit a favourite from three years ago: being the main character of your finances. This concept is all about prioritising yourself and acting in ways that benefit you at your best.

Main character energy requires big-picture thinking, and looking beyond short-term desires to make financial decisions that truly benefit your long-term goals. We'll discuss common behaviours that undermine your financial confidence, like spending to meet others' expectations or making impulse purchases that don’t align with your values.

It's time to romanticise your financial progress, and appreciate the small wins that often go unnoticed. It's about making informed decisions, understanding your personal financial levels, and aligning your spending with your best self. Enjoy this journey back to 2021 and embrace your main character energy!

Episode highlights:

• Reframe your mindset about money from a short-term, consumption-focused view to seeing it as a tool for long-term wellbeing and security.
• Recognise and eliminate financial behaviours that cater to others' expectations or short-term desires, and instead align spending with your personal values and goals.
• Celebrate small financial wins and progress, and understand that true financial freedom comes from thoughtful, intentional spending and saving.

Accounts mentioned in this episode:

https://www.instagram.com/myfrugalyear

https://www.instagram.com/theroadblockcoach/

Where to find The Broke Generation

Website: https://thebrokegeneration.com

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.

In this episode I'm chatting about one of your FAVE topics on the pod: clothing spending. Oh, it's such a beast, isn't it?! If you relate to the feeling of outsourcing your identity to consumption, you'll love this episode.

Quick reminder: The Wardrobe Project kicks off SO soon! If you loved this episode and are ready to make changes to your clothing consumption and get hotter, happier AND richer, sign up to join us here: https://thebrokegeneration.com/the-wardrobe-project-challenge/

Episode highlights:

• Increasing your readiness to change by broadening your understanding of your clothing spending behaviour
• Why unmet expectations are at the core of the clothing spending cycle
• Using The Tomorrow Rule to trick your brain into making better buying decisions
• Using The Rule of 5 when buying clothing to help you make better decisions
• Focusing on what you're gaining, not what you're giving up
• The power of behavioural rehearsal

ORDER GOOD WITH MONEY: https://amzn.to/4bC6QV8

GET THE NEWSLETTER: the weekly money psychology and mindset newsletter (that just so happens to have fun bits like a hot & not list, things I didn't buy, and fun updates from behind the scenes. Head to www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

Where to find The Broke Generation

Website: https://thebrokegeneration.com/?v=518f4a738816

Instagram: https://instagram.com/the.brokegeneration

TikTok: @the.brokegeneration

See omnystudio.com/listener for privacy information.

In this episode, I introduce the concept of a "spending runway," a term I coined to describe how certain situations and emotions can lead us to spend more money as momentum builds. These runways exist everywhere, from airport shopping and home styling to event planning and beyond. For instance, an initial purchase at an airport can lead to a cascade of spending on food, magazines, and souvenirs. Similarly, starting a home renovation project can trigger a series of additional purchases as you strive for the perfect look. By recognising these spending runways, we can become more mindful of our financial decisions and intercept unnecessary expenses before they spiral out of control. I share practical tips (that I've actually tried!) to help you identify these patterns in your own life, so you can take control of your spending habits. Tune in to discover how understanding your spending runways can lead to more intentional and satisfying financial choices.

On another note, my wardrobe challenge has entered a new era… Introducing The Wardrobe Project. Find out more and register here:

https://thebrokegeneration.com/the-wardrobe-project-challenge/

Episode highlights:

• Discussion on how social settings, like attending events or gatherings, can create spending runways due to peer pressure or the desire to fit in.
• Insights into how retailers design environments to create spending runways, such as strategic product placements and promotions..
• Introduction of specific budgeting techniques to counteract spending runways, such as setting spending limits and using cash instead of cards.

“The airport is a really great example of an environment that creates a spending runway, not only when we're at the airport does money feel like Monopoly money like it doesn't count. We're also in the mindset of we're on holiday, we're on vacation, we can do whatever we want. This doesn't count..."
Emma [10:50]

“You go in for one thing, which in this instance is fairly rational. Maybe you don't need the sandals, maybe you do. It's neither here nor there, but that purchase and that environment and that intention then creates further subsequent purchases."
Emma [13:06]

“We like to buy, but we don't actually like to style. We think that we buy style, but we actually create style with what we've got."
Emma [30:46]

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.