Feb 25 2025 53 mins
In this powerful episode of the Confident Sober Women podcast, host Shelby John sits down with Linda Parmar, a financial coach specializing in helping women in recovery achieve financial sobriety.
With raw honesty, Linda shares her journey from being a financial advisor managing millions while secretly drowning in credit card debt and engaging in "blackout shopping."
Key Topics Covered:
- Understanding financial sobriety and breaking free from spending addiction
- The emotional connection between money behaviors and recovery
- How childhood money stories impact our current relationship with finances
- Practical strategies for creating a sustainable spending plan without restriction
- Breaking the shame cycle around financial literacy and money management
- Tips for avoiding spending triggers and establishing healthy money boundaries
Notable Insights:
- Linda's personal journey of paying off $130,000 in credit card debt
- The concept of "financial infidelity" and its impact on relationships
- Why traditional budgets often fail and how spending plans offer a better alternative
- The importance of addressing emotional triggers and money mindset
- Practical solutions like grocery pickup and removing shopping apps to avoid triggers
Resources Mentioned:
- Rocket Money app for spending tracking (US)
- Strategies for building a personalized spending plan
- Tips for maintaining financial sobriety while in recovery
Connect with Linda Parmar:
- Website: lindaparmar.com
- Instagram: @lyndaparmarmoneycoach
- Podcast: Financial Sobriety School
Whether you're in recovery or simply looking to develop a healthier relationship with money, this episode offers valuable insights into breaking free from financial shame and creating lasting change. Linda's story proves that no matter how deep in debt you may be, recovery is possible with the right support and tools.
Share this episode with someone who might be struggling with their relationship with money or anyone interested in learning more about financial sobriety.
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And if you haven't read my memoir, grab a copy today and maybe a second one for a friend. There is so much hope in recovery, and I shared my story so raw and vulnerable so that others would know they aren't alone and that there is a way to live well, manage relationships, parent your kids, and have a healthy body, all while staying sober. Grab a copy of Recovering in Recovery: The Life-Changing Joy of Sobriety wherever books are sold.