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Budget Myth: Do You Need One to Stop Overspending?

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Manage episode 522075139 series 2621861
Content provided by Catherine Morgan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Catherine Morgan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Is getting better with money on your resolution list again this year? Maybe you've already downloaded a budgeting app, promised yourself you're going to track every penny, or sworn that this is the year you finally get it together. Well, here's what no one actually tells you - budgets don't work. If they actually did work, you wouldn't need to keep making the same resolution year after year.

Welcome to the first episode in my Money Myths series, where I'm busting the myths and beliefs that keep you stuck and stressed.

Today, we're tackling one of the most persistent money myths: "I just need a strict budget to stop overspending." Let me tell you as a recovered emotional overspender, this does not work. Budgets are built on willpower and they ignore the real reasons we overspend - they can actually trigger a response to restriction, create money shame when we don't stick to them, and treat the behaviour of spending rather than how you feel in that moment before you spend.

Instead, I'm sharing why a values-based approach works when traditional budgeting fails, plus practical tips for neurodivergent money management and permission to align your spending with what actually matters to you.

Chapters

00:00 Introduction to Money Myths

02:48 The Budgeting Myth: Why Budgets Fail

06:04 Reframing Financial Language

08:51 Emotional Spending and Impulse Control

12:13 Values-Based Spending Plans

15:02 Tracking Money Emotions

17:51 The Power of Permission in Financial Decisions

Resources:

Get my FREE book 'It's Not About The Money'

Take the Money StoryTypes® Quiz

Sign up to my FREE Newsletter

Become a Certified Financial Coach

Check out other episodes focusing on ADHD:

How my ADHD diagnosis shifted my identity

My ADHD Diagnosis & How to Manage Money When You Have ADHD

How to Manage Money in Business When You Have ADHD

The best way to plan your finances if you have adult ADHD

  continue reading

369 episodes

Artwork
iconShare
 
Manage episode 522075139 series 2621861
Content provided by Catherine Morgan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Catherine Morgan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Is getting better with money on your resolution list again this year? Maybe you've already downloaded a budgeting app, promised yourself you're going to track every penny, or sworn that this is the year you finally get it together. Well, here's what no one actually tells you - budgets don't work. If they actually did work, you wouldn't need to keep making the same resolution year after year.

Welcome to the first episode in my Money Myths series, where I'm busting the myths and beliefs that keep you stuck and stressed.

Today, we're tackling one of the most persistent money myths: "I just need a strict budget to stop overspending." Let me tell you as a recovered emotional overspender, this does not work. Budgets are built on willpower and they ignore the real reasons we overspend - they can actually trigger a response to restriction, create money shame when we don't stick to them, and treat the behaviour of spending rather than how you feel in that moment before you spend.

Instead, I'm sharing why a values-based approach works when traditional budgeting fails, plus practical tips for neurodivergent money management and permission to align your spending with what actually matters to you.

Chapters

00:00 Introduction to Money Myths

02:48 The Budgeting Myth: Why Budgets Fail

06:04 Reframing Financial Language

08:51 Emotional Spending and Impulse Control

12:13 Values-Based Spending Plans

15:02 Tracking Money Emotions

17:51 The Power of Permission in Financial Decisions

Resources:

Get my FREE book 'It's Not About The Money'

Take the Money StoryTypes® Quiz

Sign up to my FREE Newsletter

Become a Certified Financial Coach

Check out other episodes focusing on ADHD:

How my ADHD diagnosis shifted my identity

My ADHD Diagnosis & How to Manage Money When You Have ADHD

How to Manage Money in Business When You Have ADHD

The best way to plan your finances if you have adult ADHD

  continue reading

369 episodes

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