#81 BSS - Getting Over Mom Guilt so You Can Stop Overspending

Episode 81 · September 7th, 2022 · 24 mins 18 secs

About this Episode

Ever felt like you were finally doing a great job setting up your budget, only to have it all fall apart when your kids asked for something, or when you ended up going over budget because you couldn't say no to them?

It's because of the so-called mom guilt!

Listen in as we discuss about the mom guilt and how it influences our actions and, unfortunately, our financial goals. We also go through some tips on how to overcome it like setting up financial boundaries with your child, teaching them delayed gratification, changing your mindset and turning your guilt into motivation, and why saying no is beneficial to your child's future.

Hosting Today:

I'm Ashley Patrick, ex detective turned debt-free CEO of my very own business and stay at home mom of three. Not too long ago, my dreams of staying at home with my kids seemed impossible. I thought I'd have to stay miserable in a high stress demanding job, just so I could retire someday.

After gaining the confidence in my own ability to manage my family's finances and a simple step-by-step plan to make it happen, I was able to pay off $45,000 in just 17 months, which then allowed me to finally quit my job, stay at home with my kids, and build a debt-free business.

Now, my mission is to help moms like you conquer debt and free themselves from the mental load of handling their family's finances.

“And, you know, she will appreciate it later in life and spoiling her now because of that mom guilt doesn't necessarily set her up for success in the future with how you want her to handle her finances or working toward a goal. Like there's so many life skills that you can teach her by telling her no, or letting her work for it. So instead of thinking that feeling guilty as the mom, you could use that as a motivator to teach her some things instead of feeling guilty and spending the money”
-Ashley Patrick

01:58 - Meet Trinnette
02:36 - Trinnette's biggest financial struggle
03:55 - Setting financial boundaries with your child
05:10 - Teaching your child about delayed gratification
07:18 - Getting past the mom guilt
08:15 - Changing your mindset about the mom guilt
09:48 - Trinnette's goals
14:12 - Adding a category for your child in your budget
17:23 - Practicing delayed gratification
19:35 - Trinnette's dream for her daughter
20:31 - Making a vision board to help achieve their goals
22:47 - Recognizing your triggers

If you would like to sit down with me and discuss what you are struggling with and some steps that you can take to make progress and get over that big struggle, I invite you to sign up for your own Budget Strategy Session episode at budgetsmadeeasy.com/strategy and have a mini coaching session with me.

And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes

Resources and Links Mentioned:

Connect with Ashley: