Start Feeling Better About Money Today and Learn How to Manage Finances After a Layoff
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Who are the hosts and what is the episode about?
Hey Elizabeth, when you think about your life and your money, what feels good about your finances?
I think what feels really good for me right now is for the first time in a while, I am sticking to my budget and I also don't feel deprived. So I feel, if I might say, in control of my finances.
I love to hear that. I thought you were going to say spending money feels good. I know that's always true.
It does, but I'm spending within my budget and that feels great.
So responsible. We love to hear it. Well, we know it's not always easy to feel good about your finances. So this episode, we got some advice so you can feel better about your money mood. Welcome to NerdWallet's Smart Money Podcast, where you send us your money questions and we answer them with the help of our genius nerds. I'm Sean Piles.
And I'm Elizabeth Ayola. This episode, we talk with a listener who was just laid off about the smart money moves they should make at this pivotal moment in their life.
But first, we have the next installment of our nerdy book club series, which is led by regular Smart Money guest and friend of the pod, NerdWallet writer Kim Palmer. Kim, who are you talking with this episode?
I'll be talking with Asia Evans, a financial therapist and author of Feel Good Finance. Untangle your relationship with money for better mental, emotional, and financial well-being. She has a lot of really helpful ideas about how we can improve the way we talk and how we handle money in our lives.
Sounds great. Well, we also want to remind listeners that you can enter for a chance to win our book giveaway at nerdwallet.com slash book club for our next book club pick. And with that, Kim, take it away.
Great.
Thank you. Asia, welcome to the show.
Thank you so much for having me, Kim. I'm so excited to chat. Me too. Well, let's start with a backdrop for your book. Why do so many of us feel badly about money?
I think in general, people just have no idea about money, number one. So whether that looks like your financial education, that's one thing. But I think in general, we don't talk about it. It feels like such a secret that isn't supposed to be spoken about. Don't ask about other people's salaries. Don't ask how people afford the things that they afford, how much they even paid for something. So I think... This taboo has really caused us to feel uncomfortable just bringing up money in everyday conversation, even though we all have to navigate it in some way, shape, or form. And then we get into the harder stuff around, how were you raised? How did the people around you talk about money? How did you feel? What parts of your life made money feel difficult or hard to bring up?
And that can be really rooted in shame and guilt and fear and worry. And we don't like to be vulnerable. You know, humans are not really down with being super, super vulnerable, whether you know the person really well or not.
I'm glad you brought up that taboo piece of it, because I thought that was so striking when you write about the taboo around money and how many of us and maybe especially the Black community in particular are taught growing up that we need to only talk with our immediate family about money. Can you explain more about how we can change that and how we can feel more comfortable talking about money?
I would say practice. One thing that I always bring up to people is how important it is to communicate about your money. So that could be, hey, are you talking to your family about the estate plans? Which is another taboo topic, right? Talking about death is really hard for people. knowing that this is something you're going to navigate, but talking about what are your plans? What do you want? Where is the money? Is there money? That can be really, really difficult for people because we're talking about the worst case scenario. So starting to have those conversations, not only with your family, but your friends, especially your spouse, if you're thinking about, hey, we want to move in together or one day get married, you need to know about the money because
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