Sep 26 2024 15 mins
What happens when your well-intentioned efforts to pay off debt are sabotaged by family members using your Amazon account? Tune in to this week's Better Budgeting Podcast as we navigate the murky waters of managing shared family expenses. I recount a real-life client scenario where extra purchases made by relatives derailed their debt repayment plan, and we discuss the critical need for clear boundaries and effective communication to prevent financial strain. Learn how to ensure that any cash paid back by family members is actually applied to your debt, and discover new methods for handling these tricky transactions to maintain financial health.
In the latter half of our episode, we'll break down the cultural norms surrounding borrowing financial resources and the impact they have on our perception of money. Uncover the dangers of using someone else’s credit cards or subscriptions, which can lead to overspending and a distorted sense of financial reality. I challenge you to take control of your financial habits by critically evaluating your subscriptions and spending behaviors. Whether you choose to reintegrate them responsibly or cut them out completely, this episode is all about fostering lasting behavioral changes for better financial health. Don't miss out on these actionable insights designed to help you achieve financial stability and peace of mind.
Danielle is a money coach helping women and couples who have been trying to figure out their finances FINALLY create a clear plan so they don’t have to worry about waiting to refill their bank account the next payday.
She is the founder of The Financial Freedom Society on Facebook and her signature money coaching program, The Better Budgeting Playbook. You can sign up for her newsletter by clicking here.
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