Unpacking Budgeting Struggles: Insights from a Financial Therapist
Money isn't just about money.
Why is sticking to a budget so hard? If you’ve ever asked yourself this question, this episode of 'Hard Money Talks' might have the answers you’re looking for. Host Lauren Cobello teams up with financial therapist Steven Hughes to explore the deeper reasons behind our financial behaviors. Lauren, with her background in drug and alcohol counseling, shares how her own money struggles led her to focus on the psychological issues that impact our financial decisions.
She believes that 'money isn't just about money', and that our beliefs and experiences around money are deeply rooted in our past. Steven expands on this by discussing how childhood experiences and ingrained beliefs shape our current financial habits. He highlights that many people struggle with budgeting because of the shame and anxiety they feel around money. He also touches on the link between money and well-being, and how therapies like Reiki and EMDR can help address financial PTSD.
Throughout the episode, Lauren and Steven offer practical tips for overcoming financial struggles. They suggest reframing your beliefs around money, seeking therapy or alternative healing practices, and taking small steps towards your financial goals. If you're tired of feeling stuck and want to make real progress, this episode provides valuable insights and actionable advice to help you move forward.