EP 23: How to Make Saving Feel Indulgent
“This is another way to take control of your life but it also feels really fun,” host Corinne Morahan says about managing your finances. In today’s episode of Get Organized for Good, she demonstrates how to apply organizational systems and frameworks to your spending and saving habits, aiming to provide you with more peace, freedom, and prosperity. Reflecting on themes from her recent episode on shopping, Corinne guides us on saving for significant goals like big trips, home renovations, and passion projects, while curbing spending on small, stress-inducing purchases made out of a sense of scarcity.
Drawing from her background in finance, she explains how to conduct a portfolio review to track your assets, expenditures, and financial goals. She also shares the best spreadsheet for organizing your finances and the importance of distributing your money across different accounts. As with all aspects of life, intentionality in budgeting is key.
For many women who lack confidence in personal finance, Corinne’s insights in today’s episode will help you feel more empowered.
Quotes
- “One of the hardest things for me is seeing how many women don’t feel confident in knowing their finances, whether it be their personal finances or in the businesses that they own and run.” (2:37 | Corinne Morahan)
- “I see almost across the board that there is one person that takes the lead on running the finances in the household, and oftentimes the other spouse ends up feeling disempowered or unaware or spending frivolously—it can play out in interesting dynamics.” (5:06 | Corinne Morahan)
- “As in everything in life, having a structure imposed upon you helps you be more disciplined because if left to our own devices many of us will not always make the best choice, myself included. This is why I love an external structure imposed upon me because it helps me ensure that I will make better choices.” (14:25 | Corinne Morahan)
- “Imagine how good it feels to reframe saving from, instead of feeling like you’re depriving yourself by not hitting ‘purchase’ every time you want something, you switch the narrative and instead think about saving to buy the things you really want or to save up for a huge house project, or for an amazing trip you want to take.” (16:51 | Corinne Morahan)
- “It is super empowering to know what you have and where it’s going. And when we are super intentional about what we’re spending our money on and what we’re saving, we can really think about building this life that we want. Whereas, when we’re so in-the-moment and just doing and spending, all of a sudden, we’re giving away our power and we’re giving away our control to our daily whims, versus having a plan and building back in that intention of what we really want to do with our money and with our lives.” (17:28 | Corinne Morahan)
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