Coach Chat on Managing Finances in Uncertain Times with Coach Colette and Jacquette Timmons

What is your relationship with money? Really, think about that for a moment. Has your relationship shifted since the onset of the COVID-19 pandemic? Maybe you're getting more up close and personal with your financial statements to keep track of how much money is flowing in and out. Or, perhaps, are you playing ostrich and burying your head in the proverbial sand, not even peeking at your accounts? Either way, you're sure to gain some useful advice and tactics from this Coach Chat episode. You'll hear the conversation Coach Colette has with Jacquette Timmons, financial behaviorist and coach. She supports people to focus on their behaviors, motivations, choices, and overall psychology around money. You should know that the situation we're facing today is not Jacquette's first economic downturn. She recalls her experiences watching fellow financial professionals deal with the 1987 stock market crash and the 2008-2009 recession. Jacquette reminds us that there's no way to have predicted the full impact of this pandemic; so, she advises to not "should" all over yourself about past action (or inaction) regarding your finances. Instead, she recommends viewing this as an opportunity to re-frame or adjust your relationship with financial planning to focus less on the results, and more on the process of thinking through the different aspects -- such as your income, expenses, resources, goals, and time horizon.  To get your copy of the Financial Wheel exercise that Jacquette mentions in the episode, click here. And, for all of you entrepreneurs and business owners, tune in to hear specific guidance around pricing your products or services in a challenging economic environment. What lessons are you learning about your finances in the time of Corona? If you'd like to share your responses or thoughts, send us a message here.  If you enjoyed this episode, why not share it on Instagram and tag @Coach_Colette! She’ll be sure to share your comments and big takeaways on her Instagram Stories. Thanks for listening and please make sure to give us a review on iTunes or Spotify or wherever you listen.