SHOW / EPISODE

#17 Gain More Control Of Your Finances - with Finance Coach Charissa Quade

43m | Jan 12, 2021

Charissa’s Bio

Charissa Quade, from Change Your Finances, is on a mission to help women experience peace of mind about money. After years of stress and worry, Charissa learned to manage money, eliminating her debt in less than two years and saving nearly $80,000 to pay cash for her husband’s college degree. Charissa has helped over 1,543 women create a better financial future. By implementing the simple process that Charissa teaches, they’ve paid off tens of thousands in debt, increased their savings, gained peace of mind and built their confidence in handling money.

How did you end up in the world of finance?

Charissa’s story started at the grocery store. She counted up all of the things in her cart and realized she was overspending… again.
She felt overwhelmed and money stressed her out.
Both her and her husband brought debt to the marriage, and she felt the burden was on her since she was helping her husband get through college.
She had a dream that her husband would be able to graduate college debt free.
They paid off all of the student loans they had, and for once, she felt free.
Slowly, her fear turned into confidence.
She got to the point where she saved $80,000 to pay for her husband’s college.

Let’s talk about money.

Money affects every aspect of life.
It can be incredibly hard and stressful especially for a young entrepreneurial women.
It’s easy to go into a lot of debt for school, a house, cars, babies…
Unfortunately, we haven’t been taught well to manage our finances correctly.
It’s important that you understand finances just in case something happens, but even if nothing happens, having a better understanding of finances will help you be lessed stressed.
When a woman gets control of her finances, it will have a positive impact on her family and community.

Toxic money beliefs:

There’s not enough money to go around

This is a very common misbelief.
The truth is that most of us have way more money than we think we do. We just don’t know where it’s all going.
You need to have an intentional plan for your money and know where it’s all going.
When you’re intentional about your money, it puts you in charge.

A budget will make me have to say no to my family

This isn’t true.
When you make a budget, YOU get to choose where to put your money.
Enjoy spending the money that’s in your budget, because that’s what you decided to do.
It’s a simple change of mindset. You’re saying yes to the behaviors you want.

How does modern social media affect our finances?

Instagram, and a desire to show a “perfect” version of ourselves to the world can make it seem like we need to spend money to make our house and life clean and modern.
Realize that social media isn’t reality. Even if it looks perfect, you never know what’s going on in the background. Maybe they have massive amounts of debt.
Personal finance is personal. Don’t worry about what other people are doing. Everyone’s situation is unique.
You don’t have to buy big, fancy things. It’s okay to buy something to get you by.
Other people are likely too worried about themselves and aren’t judging you anyway.

Tips to gain more control of our finances

1. The power of an intentional plan (budget)
People don’t like budgets because they think about it the wrong way.
Move 4 things to the top of the budget: Food, utilities, housing and transportation.
Once your family's needs are taken care of, the stress will go down and you’ll be able to focus on other things.
Once you budget for those 4 things, think: “If I only had enough money for one more thing, what would come next”
Then keep doing that over and over again until you have everything in order.
If money gets tight, you can work backward since the order is prioritized
2. Money doesn’t have to be stressful or complicated
Take small simple steps that will make an impact today and in the future.
God has given each of us unique gifts that you can share with the world. The gift to take care of your family is so honorable.
Always put your family first.
3. When you’re struggling with money you won’t be able to share your gifts with the world.
Fix your money stress, and you’ll be able to give so much more to the world.

How can we best talk about making these changes with our spouse or partner?

Often, us women are the ones who handle the finances.
Don’t impose a budget on your family.
Ask your spouse what your life would look like if you had more money or no debt or if you could buy your dream home.
Talk about the WHY.
At that point, you can propose your plan.
Show the numbers.
Ask for feedback.
Show the progress every month so that they can get excited about.
Give each of you “burn” money that can be used for anything they want stress free.

Get your FREE Budget Worksheet here.

Worksheet link: https://changeyourfinances.com/brandingforwomen/

Links:

Website: www.ChangeYourFinances.com

Facebook: www.facebook.com/changeyourfinances

Instagram: www.instagram.com/changeyourfinances

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