Financial Therapy: Minding Your Money

Hey everyone, I'm Lena Banks – a Certified Financial Planning professional and small business coach based in Austin, TX. Welcome to Financial Therapy!

Last episode, we talked about how budgets help us set healthy boundaries--and the four hard truths about why many people don't have one. Today, we're talking about three steps to take to set your budget up as an effective boundary. The goal here is to give us all ways to be more...

Hey everyone, I'm Lena Banks – a Certified Financial Planning professional and small business coach based in Austin, TX. Welcome to Financial Therapy!

Have you ever wondered why it's so difficult to sit down, get focused, and make a budget? Today we’re talking about how budgets help us set healthy boundaries--and the four hard truths about why many people don't have one. Let's change that by talking about why budgets are impor...

Today we'll ask our guest: What's your financial origin story? Were you taught financial literacy? Or did your caregivers rarely discuss money growing up? More often than not, we get our money mindsets passed down to us from our parents, or whoever was most responsible for making the financial decisions.

Whether you were scraping by, or had an abundance of wealth (or whether either is the case right now), those early influences ...

Hey everyone, welcome to Financial Therapy! Today we’re talking about money dysmorphia, and we’ve got a great guest, Crystal Zuzek, back with us to have the conversation. Money dysmorphia is a term for having a distorted perception of one's financial situation--a view which doesn't match reality. It's characterized by feelings of financial insecurity or anxiety, even when objectively one's finances are stable or healthy--and/or den...

Hey everyone, I'm Lena Banks – a Certified Financial Planning professional and small business coach based in Austin, TX. Welcome to your Financial Therapy for the week!

No matter your income level, basic interactions with money might make you anxious or get you down. Let's talk about some of them, as well as possible ways to adjust your mindset for the future.

Call or text to submit your feedback and questions for the show:...

Today we'll ask our guest: What's your financial origin story? Were you taught financial literacy? Or did your caregivers rarely discuss money growing up? More often than not, we get our money mindsets passed down to us from our parents, or whoever was most responsible for making the financial decisions.

Whether you were scraping by, or had an abundance of wealth (or whether either is the case right now), those early influences a...

Hi everyone--welcome to your Financial Therapy for the week! Today we're talking about financial abuse, which is a common tactic used by abusers to gain power and control in a relationship. The forms of financial abuse may be subtle or overt but in general, include tactics to conceal information, limit the victim's access to assets, or reduce accessibility to the family finances.

Again, any time that you’re not including your p...

Welcome to your Financial Therapy for the week! Today we're talking about financial infidelity, which occurs when a partner in a committed relationship intentionally lies to or keeps financial secrets from the other partner. This can take many forms, including hiding debts, secret bank accounts or credit cards, making large purchases without consulting the partner, or lying about income or expenses.

Any time that you’re not inc...

Hey everyone, welcome back to Financial Therapy! Today we’re closing out a two-part episode about traditional finance theory vs. behavioral finance, and the biases that can creep into our financial decision-making.

This episode, we'll talk more about "4 Horsemen" affecting our financial behaviors: obligation, fear/denial, guilt/shame, and pride--and discuss how gaining an understanding about them can help us make more thoughtful fi...

Hey everyone, welcome back to Financial Therapy! Today we’re starting a two-part episode about traditional finance theory vs. behavioral finance, and the biases that can creep into our financial decision-making.

In his book, The Subconscious Mind of The Consumer (and How To Reach It), Harvard Business school professor Gerald Zaltzman says that 95% of purchasing decisions happen in the subconscious mind and are driven by emotion...

Hey everyone! Welcome to your Financial Therapy for the week.

Lena, Andi, and Pam continue the conversation about post-divorce financial realities. In Part 2 of the discussion, we talk what you may be feeling about spending on kids--as well as six practical steps you can take to give you more peace of mind on your post-divorce financial journey.

Call or text to submit your feedback and questions for the show: 1-844-4FINPOD (1...

Hey everyone! Welcome to your Financial Therapy for the week.

Today we're starting our discussion about post-divorce financial realities. After a divorce is final, we can confront reduced income, changes in retirement and tax planning, insurance needs, and/or childcare. We have a general need for a new mindset and spending habits that reflect our new financial situation. But what about the emotional toll that comes with the chan...

Today we'll ask our guest: What's your financial origin story? Were you taught financial literacy? Or did your caregivers rarely discuss money growing up? More often than not, we get our money mindsets passed down to us from our parents, or whoever was most responsible for making the financial decisions.

Whether you were scraping by, or had an abundance of wealth (or whether either is the case right now), those early influences a...