Although no one likes to think about financial bumps, the harsh reality is that, as long as you have money in this game, total financial loss and bankruptcy will always be part of the spectrum of possible outcomes, and while I’m all about positive thinking, I also want to stress the importance of being prepared for even the worst case scenario. This is why, in this week’s episode I’ll share with you five reasons why you should have a backup plan to protect you when the possibility of total financial loss starts to loom over the horizon.

We all have our own version of the worst nightmare ever. For some, that no-go scenario is filled with creepy crawlers (shudder), crazy heights, or bad news. For others horrible traffic jams, crowded places, and unfortunate circumstances are all that it takes to qualify something as a seriously bad dream. However, if we leave the specifics aside, we can all agree that most of us consider total financial loss as one of the most accurate definitions of nightmarish scenarios.

In today’s day and age, it’s hard to imagine a more anxiety-generating situation than the loss of all our material wealth. In fact, for some people, the possibility of experiencing total financial loss is such an unthinkable scenario that the act of simply considering the possibility is enough to trigger a mini-panic attack.

While I always strive to remain positive and uplifting, I have to recognize that sometimes being prepared for our worst-case scenarios does pay off. When it comes to total financial loss having a plan in place (aka, your emergency protocol) will always be a savvy choice.

This is why in this week’s episode, I’ll share with you five reasons why you should have a backup plan to protect you when the possibility of total financial loss starts to loom over the horizon.

In this episode you will learn:

• Five key reasons why you should always be prepared, both for the good and the bad.
• My insights on how I answered the “What would I do if…?” question.
• How others have responded to this question and their bid takeaways.

For a quick recap of this episode go to https://www.jenhemphill.com/405

The post, Total Financial Loss: Can You Prepare For It? | HDM 405

appeared first on the Her Dinero Matters Podcast.

Splurging or saving? That is the question. And if you have a financial goal that requires you to save big and consistently, you probably know firsthand how stressful and frustrating spending decisions can feel. You see an item that catches your eye big time and, while former you would have proceeded to buy it without any additional thoughts, the new you is running a full forecasting projection the minute you gaze upon the price tag. If this scenario sounds familiar, you’re in good company! In this week’s episode, I’ll share with you a set of guiding questions that will help you navigate the delicate art of figuring out when it’s better to save and when it’s safe to splurge.

No adult life is fully complete without a full set of (deceptively) crucial decisions. Whole wheat or white bread? Cats or dogs? A relaxing staycation or an adventurous one-week vacation? Green juice or salad? All of these will give you a few guaranteed harsh minutes.

However, when it comes to deceptively simple decisions, saying yay or nay to a specific purchase stands in its own category… especially when you’re committed to reducing your spending to the minimum (hello, Great Financial Goals!). What’s more, this mini-mental ordeal becomes even more challenging when you perceive said expense as something with the potential to transform your life (think high-end organic foods, hot and in-demand kitchen appliances, or home & garden items that just feel right).

If you are on a tight spending budget, but also feel compelled to just go and get that item now, the framework I will share in today’s episode might be just what you need. From navigating the complicated emotions that arise when spending decisions show their bizarre face, to actually understanding the thinking that takes place the minute you see that lush patio furniture, this episode has it all!

In this episode you will learn:

• The I-Needed-This-Yesterday mentality sometimes plays tricks on you, and here’s why.
• Why the road to Big Financial Goals is not always paved with sacrifices.
• The five questions you need to ask yourself before making that spending decision.

For a quick recap of this episode go to https://www.jenhemphill.com/404

The post, Splurging or Saving? Five Guiding Questions to Help You Make Better Spending Decisions| HDM 404

appeared first on the Her Dinero Matters Podcast.

Have you ever been through a phase in your life when all you want is a serious reset? If you suspect this need to overhaul everything won’t just go away with a few days off or even a short trip to the beach, you’ve landed in the right space. In this week’s episode, I’m sharing a few exciting updates on the direction this podcast will be taking in this new season. And, spoiler alert, it all boils down to one single thing: balance.

How does life look like when we are so busy that we can’t even see properly what’s standing right in front of us? I’m sure that, like most women I know, at some point, you too have been overwhelmed and swamped by life’s circumstances. Whether it’s because you have a demanding job, are in charge of small children with multiple activities and conflicting schedules, or just happen to be the unlucky victim of a complicated commute, sometimes functioning without a good dose of overwhelm is just not an option. When that happens, all we need (all we crave, in fact) is a big, massive break.

Which is exactly what this podcast did over the summer since, just like you, I’ve also been through one of the busiest seasons ever.

Now that we are back, it is time to share some exciting (and much-needed) updates on what’s going on over the other side of the mic.

In this episode you will learn:

• A quick update on the format (hint: we are going back to our roots).
• Two exciting business updates (did anyone say better resources?)
• A quick recap of what’s happening on the personal side.

For a quick recap of this episode go to https://www.jenhemphill.com/403

The post, The Start of a Fresh New Season | HDM 403 appeared first on the Her Dinero Matters Podcast.