162 Why Your Money Matters - Jen Hemphill, Author & Money Confidence Coach

It's been a few years since I had Jen Hemphill on the show (episode 48, check it out!). And a lot has happened since that first interview. Jen is now an author, having recently published her first book entitled Her Money Matters, and we discuss three big components in her book for this episode: finding your "Why", financial confidence and practicing value-based spending. Long description: For this episode, I’m bringing back a guest who hasn’t been on the show since 2016 (episode 48 if you want to check it out), and boy has a lot happened since then. I’m talking about the wonderful Jen Hemphill, who is a money confidence coach and Accredited Financial Counselor®, as well as the podcast host of Her Money Matters. But she also has a new title she just added, and that’s author. She recently published her first book, also called Her Money Matters, and we dig in to some of the big topics she discusses in her book in this episode. Finding Your “Why” Is Key for Your Money I am a big believer that money isn’t just about money. It’s so much more than that. Money is also about your hopes, dreams and goals. And the only way to achieve any of those is by figuring out your why. We all know we shouldn’t spend too much, should save and invest, and should get or stay out of debt. But without a clear why for doing any of these things, we don’t do any of them. That’s why determining your “Why” is key for financial success. It’s a huge motivator and will keep you on track and grounded. Financial Confidence Is Something We Need to Work More On This may not be a big issue with men, but it’s a big issue with women. I talk to so many amazing women that from the outside look like they are doing so well! And then they explain how they don’t have that much confidence when it comes to managing their own money or asking for a raise. This is a big problem, and something we all (men and women) need to work on. If we’re all confident in ourselves, we’ll naturally make better decisions and be able to live lives that are more joyful and fulfilling. Value-Based Spending Is a Better Way to Spend For years (and sometimes even still), it felt like every book or newspaper article I read, the advice was the same: “Stop spending your money!” or “Stop buying expensive lattes!” Well, when you keep hearing those things over and over, you start to feel bad about spending anything at all, and that’s just ridiculous! Money is meant to be spent. The money you’re currently saving up? You’ll eventually spend it. That’s the purpose of money. But, it doesn’t mean you should overspend. It’s important to practice value-based spending, so you are spending on things that align with your values and bring you joy, while staying conscious of your budget. For full episode show notes, visit: https://jessicamoorhouse.com/162