Episode 48: Financial Wellbeing, Creating a Budget, and Becoming an Expert of Your Money With Monique White
Whether you're paying off student loans, trying to improve your credit score, or healing your relationship with money for better financial well-being, consider this episode your 101 guide to getting good at $$$. Monique White has more than a decade of experience in the financial industry and knows firsthand the experience of being denied a loan and struggling to pay off debt. In this episode, Josie and Monique dive into money memories, healing your relationship with your finances, and how to become your own financial expert. Monique also shares tangible hacks to create a budget (or spending plan), pay off debt, start investing, and improving your credit score. Money can't buy you love, but Monique shows how it can buy you a great life.
SHOW NOTES:
Ready to get your finances in order for summer? Us, too. This week on The Everygirl Podcast, Josie sits down with Monique White, a personal finance expert at Self Financial. Monique has a fascinating personal story with regards to finance, which she shares first thing on the podcast. She explains how she grew up with a difficult relationship with money, and how after graduating college she came to realize that she had come into thousands of dollars of credit card debt. Josie asks Monique what some of her first steps were in turning that challenge around, and Monique discusses key moments on her journey to taking control of her career, paying off her debt, raising her credit score, and eventually becoming a personal finance expert. Then, Josie and Monique have a conversation about the support systems that are key for improving our financial wellbeing, from friends to spouses. Monique discusses tips for combatting the complications of combining finances with a partner. The episode segues into a discussion about budgeting. Josie asks Monique to spill all of her best budgeting tips, from her percentage preferences to how to get started making a budget in the first place. The two also discuss the importance of reframing certain concepts when it comes to money, such as thinking of your "budget" as a "spending plan" instead. The second half of the episode focuses on paying off debt, from student loans to credit card debt. Monique shares her expert tips for boosting your credit score, as well as some common things that impact our credit scores that many people overlook. Plus, she discusses why the credit score is important in the first place. The episode closes with some fun rapid-fire questions for Monique (be sure to listen to learn all about the charcuterie board side hustle she ran while she was on maternity leave).
Must-Listen Moments:
[2:10] Monique’s personal journey from credit card debt to financial freedom
[14:55] How to combine finances with your partner and talk about money on a regular basis
[26:00] The basics of creating a budget and finding financial well-being
[28:28] Reframing your money mindset: why it is crucial to exist in an abundance mindset when it comes to your personal finances
[39:22] Why is a credit score important, and how can you pay off debt in order to have a better future?
More from The Everygirl:
Find and listen to more episodes at https://theeverygirl.com/