64 Bad Money Habits vs Good Money Habits: What Actually Changes Them

Most of us already know what we should be doing with money: save more, spend less, charge what we're worth, and actually look at the numbers. So why do so many smart, capable women still find themselves stuck in the exact same patterns, year after year?   In this episode, Naomi and Helene unpack the psychology behind our money habits, the automatic and often invisible patterns that are running our financial lives. They cover what a habit actually is and why the unhelpful ones compound just like interest, the difference between limiting and expansive habits, where these patterns really come from, and why willpower was never going to be the thing that fixes them.   Using a simple three-part framework: Name It, Place It, Choose, Helene walks through how to spot a limiting money habit, trace it back to where it started, and finally build something new in its place.  IN THIS EPISODE YOU WILL LEARN What a habit actually is, and why unhelpful money habits compound just like interest in the wrong direction The difference between limiting and expansive habits Where our money habits actually come from and why they are almost never really about money Why willpower cannot fix a habit that lives in the part of the brain built to keep you safe The three-part framework for shifting any habit: Name It, Place It, Choose How to build a new, specific habit and make it stick using neuroplasticity — not motivation CONNECT WITH US Naomi Holmes - Her Money Matters Website: www.hermoneymatters.com.au Email: [email protected] Helene Psarakis - ThinkBowl Website: thinkbowl.com.au Email: [email protected] ENJOYED THIS EPISODE? If you heard yourself somewhere in Mel's story, the best thing you can do is share this episode with a woman in your life who needs to hear it. And if this podcast is helping you, please leave a review wherever you listen — it takes less than two minutes and it genuinely helps more women find this show. DISCLAIMER The information shared in this episode is general in nature and does not take into account your personal objectives, financial situation or needs. Neither Naomi nor Helene are providing financial product advice, or medical, psychological or therapeutic advice, in this episode. Before making any decisions about your finances, please consider whether the information is appropriate for your circumstances, and speak to a licensed financial adviser or appropriate qualified professional if you need personal advice.