Where moms come together to learn about money – in all the ways it impacts our lives – with love. Discover how you can feel confident with your finances; ditch the money shame and guilt; raise independent, money-savvy little humans; and give yourself the freedom and stability to live your best life. We’ll discuss budgeting, debt freedom, investing, career development, entrepreneurship, and more.
Episodes
Thursday Oct 01, 2020
Thursday Oct 01, 2020
#072: In today’s episode, I’m talking with Certified Financial Public Accountant and founder of Fola Financial, Sheneya Wilson. Sheneya empowers entrepreneurs to stop avoiding the accounting side of your business by implementing simple systems that help you make informed decisions and scale. We're talking about why you need to know your numbers even with a side hustle, why you need to perfect your craft before scaling your business, and what you need to know about the business tax code.
(06:46) How the new tax code is built to benefit businesses like yours
(13:15) Why you can't wait to figure out all this “accounting stuff”
(16:02) Why that shoebox-full-of-receipts accounting method needs to go
(19:44) How to spot the signs that it’s time to invest in your business
(31:05) Discover what business forecasting is and how it can help you with goal-setting in your biz
(54:20) Chelsea’s Top Takeaways
Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/sheneya
Free Passion Project Workbook:
Monday Sep 28, 2020
Monday Sep 28, 2020
#071: For this episode, we asked the mamas in our free Mamas Talk Money Community on Facebook to send us their questions. If one person in our community has a question, there are no doubt others wondering the same thing.
Today we’re going to discuss prioritizing money goals, real estate investing, the Mamas Talk Money Summit, and more!
(2:16) How do you balance and decide on money goals when it comes to prioritizing short-term vs long-term?
(8:26) My husband and I have technically hit our “coast FI” number and I’m weighing our options between leaving the money in our 401K & IRA to just coast until we retire without putting additional money in them. Or we could take that contribution amount we would put in monthly and add it to our other investment account to potentially pad us if we want to retire before 65. Mistake or no?
(16:01) What do I do after I finish paying off debt except for my mortgage? I’m on track to be debt-free the first part of next year and I’m unsure what to do from there.
(25:19) I’ve been wanting to ask about REITS! We live in a very high cost of a living area (Metro DC) and owning real estate is going to be VERY long term for us, so I wondered if this would be a way to diversify?
(30:13) I’ve sold two homes in the last year and made a bit of money. I’m wondering what are some other options besides just sitting on my savings account to earn some money on my money.
(34:22) There is so much content at the Summit and I’m trying to figure out how to make the best of it. Any advice?
Looking for more information, mama? Visit the show notes at https://smartmoneymamas.com/71
Family Money Values Template:
Thursday Sep 24, 2020
Thursday Sep 24, 2020
#070: In today’s episode, I’m talking with Financial Therapist, Podcast Host, and author of The Art of Money, Bari Tessler. When Bari was making $11 an hour in her first job, buried in school debt, and financially illiterate, she knew she had to pave a new path. We’re talking about the emotional work we have to do to make real financial progress, why there’s no such thing as “perfect” in finding financial independence, and why you get to prioritize your family over your business when you’re an entrepreneur.
(3:40) Discover the surprising piece that was missing from Bari’s therapy training
(10:32) Listen as Bari describes the 3 phases of Money Methodology
[15:32) Learn about the tool you need to check in with your emotions before checking your bank statement
(31:05) Find out how you can use Money Maps to discover more clarity in your financial decision-making
(45:27) Find out why it’s ok to take a step back and restructure your business when you need to prioritize you and your family’s needs
(53:52) Chelsea’s Top Takeaways
Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/bari
Free Healthy Money Mantras Guide: https://smartmoneymamas.com/healthy-money-mindset-workbook/
Monday Sep 21, 2020
Monday Sep 21, 2020
#069: In today’s episode, I’m sharing seven reasons why you can’t miss Mamas Talk Money 2020! Get a sneak-peek into some of the speakers, resources, and $10,000 in giveaways we have planned for YOU, mama! The best part? It’s free to attend! So grab your kids, tell your friends, and go register for the summit because registration is officially OPEN!
(2:34) Why traditional financial literacy resources specifically fail mamas
(6:16) Why the all speakers at Mamas Talk Money understand what extra challenges you're facing in making financial decisions
(8:47) Learn about everything we have planned for kids this year so you can start building generational wealth in your family
(15:56) Did someone say $10,000 in giveaways? Find out about the amazing resources and swag you could win this year!
(19:53) Find out about all the ways you can dive deeper into the summit content and extend your access if time is keeping you from joining us
Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/69
Registration is OPEN! Go grab your seat at Mamas Talk Money 2020
Thursday Sep 17, 2020
Thursday Sep 17, 2020
#068: In today’s episode, I’m talking with military spouse, accredited financial counselor, and host of the Her Dinero Matters podcast, Jen Hemphill. Jen discovered her own financial confidence when she took a deep dive into her money story to unlock some mindset traps. We’re talking about why your money story matters, how to productively explore financial topics with your spouse, and how Jen jumped into a career after being a stay-at-home mama for many years.
(11:11) How Jen discovered that the non-monthly expenses were causing a lot of money headaches in her home
(25:09) Listen to Jen’s money story and why she never asked for money from her parents growing up
(30:09) How a virtual envelope system could work for your family
(35:35) What helped Jen pursue her own career after being a stay at home mom for so many years
(49:40) Jen’s best tips for budgeting as a military family
(54:20) Chelsea’s Top Takeaways
Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/68
Free Healthy Money Mantras Guide: https://smartmoneymamas.com/healthy-money-mindset-workbook/
Monday Sep 14, 2020
Monday Sep 14, 2020
#067: In today’s episode, I’m diving into all the things you need to know as a first-time homebuyer. For most people, this purchase is one of the biggest financial decisions you'll ever make and it has a huge impact on your emotional well-being. We’re talking about why you need to be in it for the long-run, why you need to know what you can afford, why you should always get help from the experts, and more!
(1:28) Listen to why being in your home for at least 5-7 years makes the purchase price worth the investment
(7:18) Find out why your mortgage pre-approval rate and your actual budget are NOT equal
(11:51) Why I’m begging you not to drain your emergency fund to make a down payment
(17:32) Why investing a real estate attorney will be a decision you never regret
(22:20) Listen to why having a list of deal-breakers, must-haves, and nice-to-haves can dramatically simplify your decision making
Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/67
Meaningful Money Goals Kickstart Guide-Free Download!
https://smartmoneymamas.com/meaningful-money-goal-worksheet/
Thursday Sep 10, 2020
Thursday Sep 10, 2020
#066: In today’s episode, I’m talking with former teacher and founder of Inspired Budget, Allison Baggerly. Finding herself newly married with hefty debt, pregnant, and facing astronomical daycare costs, Allison knew something had to change. We’re talking about how easy it can be to be unaware of the future impact of debt, how Allison learned to separate emotions and spending, and why budgeting is not a one-size-fits-all move you make.
(03:51) Which of Allison's fears was a driving factor in making a change
(9:14) Allison’s key strategies for curbing emotional spending
(14:15) How she and her husband lived differently as teachers as they tackled their debt
(17:48) What it was like to make that very last debt payment
(25:40) Why tracking your finances unlocks freedom from debt
(42:43) Chelsea’s Top Takeaways
Looking for more information, mama? Visit the show notes at
https://www.smartmoneymamas.com/allison
Family Money Values Template:
https://smartmoneymamas.com/family-money-values-template/
Monday Sep 07, 2020
Monday Sep 07, 2020
#065: In today’s episode, I’m sharing the three financial moves you need to make this fall to be super intentional about the rest of the year. 2020 has thrown a wrench in all our lives, and especially our budgets. Because of this, there are some unusual things to consider about our spending habits. We’ll cover what it looks like to do a complete budget refresh, why you want to make a plan to coordinate school and work schedules, and how you can refresh your goals to end 2020 with a bang instead of a bust!
(01:15) Why fall is a critical time to refresh your budget
(03:57) Why wiping the budget clean might be a better option than just a refresh
(07:41) Why you should make a plan (and a back-up plan) for covering work and school schedules and not just “take things as they come”
(13:17) A Friendly PSA: Update your beneficiaries—seriously, go do it!
(15:37) Why a goal refresh is a perfect way to prepare for the Mamas Talk Money Summit
Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/65
Meaningful Money Goal Kickstart Guide:
https://smartmoneymamas.com/meaningful-money-goal-worksheet/
Thursday Sep 03, 2020
Thursday Sep 03, 2020
#064: In today’s episode, I’m talking with blogger, founder of I heart Planners, and host of the Get Organized HQ Summit, Laura Smith. Laura loves simplifying life with systems, but she also understands how easy it is to fall off the wagon when it comes to keeping up with good habits. For this reason, Laura is an amazing and trusted resource when it comes to organizing. We’re talking about where to start with systems when you’re overwhelmed, how to feel more successful with your to-do list, and Laura’s best tips for cleaning and meal-planning systems. If you love what she has to share, make sure to register for the FREE Get Organized HQ Summit she is hosting that starts September 15!
(03:38) Find out how you can implement organizational systems with little ones around (who can mess them up faster than you can set them up!)
(07:10) Laura shares the first place you should start if you’re motivated to get started but still overwhelmed
(9:40) Check out the 3 “buckets” Laura uses to feel more successful with her to-do list on a daily basis
(21:23) Surprise! Did you know that 21 days actually does NOT make a habit stick? Find out why!
(36:54) Learn which sessions at the Get Organized HQ Summit you should be most excited about
(42:4)] Chelsea’s Top Takeaways
Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/laura
Family Money Values Template
Monday Aug 31, 2020
Monday Aug 31, 2020
#063: For this episode, we asked the mamas in our free Mamas Talk Money Community on Facebook to send us their questions. If one person in our community has a question, there are no doubt others wondering the same thing.
Today we’re going to discuss taking a maternity leave from contract work, how you can do the most with donor-advised funds, and why you should open up your own retirement fund for your side hustle.
(01:15) How can you plan ‘maternity leave’ from your side hustle and/or independent contractor gigs? Either part-time or full-time gig work.
(03:59) How do you really find your passion when you have no hobbies. Tangible ways besides asking someone what you’re good at.
(07:28) Do you have any tips on working on your passion project or side hustle around your kids' needs and schedules while working a full-time job?
(12:55) Can you talk a little bit about donor-advised fund accounts? Are these only beneficial from a tax standpoint for really high earners? Can you designate the types of charities it gives to or is it at the choice of the fund?
(21:03) Is it worth opening your own Roth or other fund if you just do side hustles or work very part-time? My passion right now is being mostly home with my toddler son but I love to get out there and work a bit to contribute more. I work several side jobs like Census right now, 1 day a week at a kid’s consignment and I’m a caregiver for my autistic nephew. We have a 403B and a Roth in my husband’s name.
Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/63
Discover Your Passion Project Workbook: https://smartmoneymamas.com/passion-project-workbook/