Aligning Saving and Spending for a Good Life

Cherie Stueve Ph.D, CFP®, AFC®, FFC®, FBS® Senior Content Lead at Dalton Education

Summary:

In this episode, Cherie and Shaun explore how our past experiences shape our money habits and discuss the importance of finding a balance between saving for the future and enjoying the present. Listeners will learn how social connections and experiences can bring fulfillment without excessive spending and how being mindful of outside influences can lead to more intentional financial decisions. Cherie also shares insights from her research, highlighting the value of financial therapy and the need for financial professionals to humanize money conversations, helping clients align their goals with their values.

Highlights:

Past experiences shape our views on money and influence our financial habits.

Balancing saving for the future and enjoying the present is essential.

Social connections and experiences bring fulfillment without excessive spending.

Being mindful of external influences helps make intentional financial decisions.

Seeking professional guidance fosters self-awareness and financial well-being.

The financial profession lacks a common language, complicating communication.

Financial coaching, counselling, planning, and therapy have different perceptions.

Humanizing money conversations is key to aligning financial goals with values.

Quotes:

"We are both influenced by our childhood but also really our early adulthood when it comes to how we manage money."

"It's recognizing there are a lot of people trying to separate you from your money without truly giving you that value back."

Links:

Cherie's LinkedIn: CLICK HERE

Dalton Education: CLICK HERE