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Speaker 1: This podcast is recorded on gaddigal Land Always was, always

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Speaker 1: will be Aboriginal Land.

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Speaker 2: Hey chicks, and welcome to the first episode of the

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Speaker 2: Financial Glow Up.

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Speaker 3: Woogo did you swear price?

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Speaker 1: Yes, we're back baby. We cannot be killed. Yeah. Yeah,

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Speaker 1: We're just the fungus that keeps on growing.

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Speaker 3: We knew that you chicks missed us, so welcome to.

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Speaker 2: The Financial Glow Up The twenty twenty five Money Reset.

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Speaker 2: So this is our new mini series where we are

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Speaker 2: going to discuss the ways that you can reset and

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Speaker 2: glow up your finances in twenty twenty five. These episodes

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Speaker 2: are fifteen minutes max and super simple in order to

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Speaker 2: digest and action them straight away for the new year.

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Speaker 2: So in our first episode, we're tackling the fear of

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Speaker 2: understanding your income versus expenses and figuring out where to

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Speaker 2: even start when you're feeling completely overwhelmed and spoiler, it's

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Speaker 2: not as bad as you think.

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Speaker 1: We promise, think you promise, thinky promises. All right, sau

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Speaker 1: do you want to take us away with the first.

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Speaker 3: Tip Tip number one acknowledging your fear. So let's get

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Speaker 3: into it. Talking about money and thinking about money can

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Speaker 3: feel really intimidating, and for a lot of us, it's

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Speaker 3: because we're scared of what we'll see. Ignorance is bliss,

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Speaker 3: as we say, but it isn't really when it comes

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Speaker 3: to your money. Maybe it's overspending on takeout guilt.

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Speaker 1: Guilty guilty in there.

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Speaker 3: Maybe it's the debt that you've been avoiding, or maybe

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Speaker 3: it's just not knowing where to even start.

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Speaker 1: What's your money guilty pleasure?

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Speaker 3: Oh, it's definitely not a guilty pleasure, I would say

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Speaker 3: the ongoing expenses. So things that come out in the

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Speaker 3: background like this, obsess those hidden payments that you sign

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Speaker 3: up to and you kind of set and forget them,

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Speaker 3: and then when you sit down and take the time

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Speaker 3: to review your finances, you see how much they add up.

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Speaker 3: Because even at ten dollars or twelve dollars, you're like, oh,

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Speaker 3: that's not much, but when you combine them all, it's

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Speaker 3: a lot more than what you think. What's yours?

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Speaker 2: My toxic money habit is sad girl spending whenever I'm like,

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Speaker 2: you know what, I deserve this, or I'm sad I

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Speaker 2: need something to make me happy, and then I spend

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Speaker 2: money that I shouldn't be spending and then I'm sad.

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Speaker 1: Because I spend money that I shouldn't.

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Speaker 3: Be spending, emotional spending.

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Speaker 1: We've all been there.

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Speaker 2: But like, also, how rude is it for the money

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Speaker 2: to come out of my account when I'm sad and

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Speaker 2: I buy something?

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Speaker 1: It shouldn't count that it should be free. Isn't that

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Speaker 1: the rule? I'm pretty sure?

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Speaker 2: Like I put a note on the order and I say,

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Speaker 2: this is a sad girl spend. Don't take the money

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Speaker 2: out of my account, and they do it every time.

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Speaker 3: Yeah, but still give me the order.

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Speaker 1: Yeah.

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Speaker 3: Anyway, as we probably all know, avoiding your finances doesn't

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Speaker 3: make the stress go away. It just lingers, like the

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Speaker 3: text you forgot to respond to three weeks ago, which

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Speaker 3: reminds me I've got a couple of texts I have

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Speaker 3: to respond to. But once you rip the band aid

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Speaker 3: off and you actually look at the numbers, you'll feel

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Speaker 3: so much more in control. Because money is just information.

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Speaker 3: It doesn't define you, but it can help you make

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Speaker 3: better choices by knowing where to start.

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Speaker 1: All right.

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Speaker 2: Step number two is the income versus the expenses snapshots.

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Speaker 2: So let's talk about where to start when you're overwhelmed.

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Speaker 2: And I think this is the hardest step in the

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Speaker 2: whole process.

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Speaker 1: So let's go.

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Speaker 2: No spreadsheets, no scary math, just quick and dirty income

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Speaker 2: versus expenses snapshot.

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Speaker 1: So here is the game plan.

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Speaker 2: Number one, write down your income, pull out your notes

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Speaker 2: app and grab a piece of paper and jot down

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Speaker 2: all the money you've got coming in each month. Paychecks,

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Speaker 2: side hustles, freelance gigs, and that twenty dollars your friend

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Speaker 2: transferred to you for drinks on the weekend.

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Speaker 1: If it's money in your pocket, it counts.

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Speaker 2: List your fixed expenses, so these are non negotiable, so rent,

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Speaker 2: car payments, insurance subscriptions you keep forgetting to cancel, anything

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Speaker 2: that's the same amount every single month. Number three is

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Speaker 2: to add your variable expenses. So now for the fun

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Speaker 2: stuff like groceries, brunch with the girls, shopping, coffee runs,

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Speaker 2: you name it. These can change month to months, so

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Speaker 2: it's okay to estimate them when we're doing this. What

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Speaker 2: I would always struggle with is I'm like, I don't

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Speaker 2: know what those are, and sometimes it is just guessing them.

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Speaker 1: You can just ballpark it and that's okay.

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Speaker 2: It just gives you an estimate to work to and

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Speaker 2: then the next month, if you're over or under it,

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Speaker 2: you can just adjust it. So the last step in

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Speaker 2: your income versus expenses is to subtract and breathe. So

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Speaker 2: subtract your total expenses from your inc whatever the number is,

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Speaker 2: don't freak out.

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Speaker 1: This is the starting point and we do all have

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Speaker 1: to start somewhere.

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Speaker 3: Moving on to tip number three, make it manageable. Okay,

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Speaker 3: so we've got our snapshot. Yay, congratulations, a good job's

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Speaker 3: so proud of.

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Speaker 1: You, Kisses and cuddles.

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Speaker 3: But now what, Let's make it manageable and easy. If

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Speaker 3: you're staring at the numbers and feeling like where do

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Speaker 3: I even start, we've got you. Here's how to ease

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Speaker 3: into it. Number one. Pick one thing to tweak. Look

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Speaker 3: at your variable expenses and choose one thing to cut

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Speaker 3: back on. Maybe it's fewer Uber eats orders, a budget

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Speaker 3: for your target runs, or finally canceling that subscription you

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Speaker 3: forgot about and never use. It's all about baby steps.

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Speaker 3: Number two. Weekly money dates. Schedule a weekly money check

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Speaker 3: in with yourself. Light a candle, put on some chill

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Speaker 3: music and review you're spending.

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Speaker 1: Have a glass of wine, and you can get all

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Speaker 1: the mask go.

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Speaker 3: They're creative with the numbers. You know, I'm like, I've.

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Speaker 1: Made one million dollars.

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Speaker 2: I put it two extra zeros, three extra zeros?

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Speaker 3: Okay, fine, fine, extra zero and call it your money

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Speaker 3: date because it makes the whole thing feel less scary

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Speaker 3: and romanticizes the whole process. Number three, celebrate the wins.

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Speaker 3: Did you stick to your grocery budget? Congratulations? Did you

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Speaker 3: save twenty dollars by making coffee at home? Honestly iconic?

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Speaker 3: Celebrate every little win because progress, not perfection, is the goal.

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Speaker 2: I think that's the key when it comes to having

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Speaker 2: a financial glow up. It's not about starting perfect because

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Speaker 2: it's impossible, that's not going to happen. It is about

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Speaker 2: just starting the process and staying with it and progressing

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Speaker 2: along it because it's not going to just like win bam,

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Speaker 2: thank you, ma'am in the first week you do it.

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Speaker 3: So many of us put pressure on ourselves and compare

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Speaker 3: ourselves to others, thinking, oh, I should have this much

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Speaker 3: money saved, or I should have these assets, or I

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Speaker 3: should have these money goals. And if you're starting from scratch,

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Speaker 3: a lot of us don't celebrate those little wins along

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Speaker 3: the way, but you should it's all steps, baby steps

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Speaker 3: that will ladder up to your larger financial goals, and

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Speaker 3: celebrating those things will encourage you to keep going and

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Speaker 3: give you that motivation. So celebrate all the wins, big

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Speaker 3: and small.

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Speaker 1: But I feel like I can kick a door if

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Speaker 1: it's hinging. Whoa Monday money money No anyway.

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Speaker 2: Well, that is a wrap for episode one, but we

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Speaker 2: will finish every single financial glow Up episode with our

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Speaker 2: Master Money tip, presented by our sponsor MasterCard. So here's

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Speaker 2: the Master Money mindset shift we want you to walk

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Speaker 2: away with. Managing your money isn't about restriction, It's about freedom.

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Speaker 2: When you understand your income and expenses, you're giving yourself

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Speaker 2: the power to decide where your money goes. You're building

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Speaker 2: a life that aligns with what you value, and that

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Speaker 2: is the ultimate glow up.

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Speaker 1: Next time you're.

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Speaker 2: Tempted to avoid your finances or you don't want to

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Speaker 2: open your banking app after a night.

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Speaker 1: Out, think of it as self care.

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Speaker 2: Just like you take care of your skin or your

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Speaker 2: mental health, taking care of your money is an act

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Speaker 2: of love for your future self.

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Speaker 3: All right, besties, that's it for today's episode of the

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Speaker 3: Financial Glove. The twenty twenty five Reset. If this episode

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Speaker 3: gave you even the tiniest bit of motivation, do us

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Speaker 3: a favor and share it with a friend who needs

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Speaker 3: a little financial pick me up. And don't forget to

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Speaker 3: hit that follow button so you never miss an episode.

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Speaker 3: Well that's a wrap for the first episode of The

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Speaker 3: Financial Glow Up.