You’ve probably heard how giving not only benefits the recipients but the giver. However, what do you do when you’re in debt? Learn how you can pay off debt and give more to the causes that matter most to you! Giving While in Debt? When people ask this, two things jump out at me. First, […]
Tired of overspending? Learn how to work as a couple to fight FOMO, create a budget that builds wealth, and still save for what you two love!
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Fight FOMO and Overspending as a Couple
For millions here in the United States, the floodgates will open and if it’s anything like years past we’ll see more than $50 billion dollars spent. Just for one weekend.
Enormous amount for sure. And around 31.8% use credit cards to pay for holiday shopping. There’s a very good chance there are couples and families who will mis stheir budget and overspend.
That can be a recipe for financial disaster.
But it doesn’t have to be.
Hilary Hendershott, founder and CEO of Hilary Hendershott Wealth Management, is here to help me out. She’s a fiduciary financial advisor who has worked with couples in helping them identify the psychological triggers with their finances and guides them towards better habits and building wealth.
Today, we’ll get into:
- how FOMO can be a sabotage our budget
- setting things up so you can get what you want without going broke
- how couples can meaningfully talk about what they want and working together on a plan
Hope you enjoy!
If you want hear more about fighting bad money habits, please check out my interview with NY Times money columnist Carl Richards. We get into creating a one page financial plan.
Resources for Fighting FOMO and Overspending
Want to learn more? Here are some resources to check out:
- Profit Boss Radio
- Easy and Effective Ways to Budget
- Strengthen Your Marriage and Money with a One Page Financial Plan
- How to Create a Real Life Budget Together
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