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Chapter 1: What is the main topic discussed in this episode?
This podcast is recorded on Gadigal land. Always was, always will be Aboriginal land. Hey chicks, I'm Al. And I'm Sal. And this is Two Broke Chicks, the show that shares tips and tricks to help make you rich in life. And welcome back to another edition of our mini-series, The Rich Girl Dictionary. These are bonus episodes just for you chickies.
Just for you chickies. Just for you. Just for you.
Each episode will be focused on a financial term to help you upgrade your finances and become the money savvy baddie you were always meant to be. And it's all thanks to you, Banks. So let's get into it. This week's Rich Girl Dictionary term is soft saving. Sounds delicious.
Yeah, I know. Now I want an ice cream.
Sounds like a soft serve. Oh, now I want a McFlurry. Yum.
Okay, but what is soft saving? Soft saving is a trend where you are saving for your future while also allowing yourself the simple pleasures of the life you lead right now.
aka the occasional soft serve the occasional soft serve yeah it all links together it's all coming back it's all a rich tapestry yeah as we always like to say you do love that saying it's like the gen z rejection of the hustle era money rules in the past saving your money the right way was thought to be all about cutting costs in every aspect of your life and
to the point where it was almost unenjoyable. But now a lot of people actually want that happy medium of saving and slowly building themselves a cushion while still saying yes to life.
This money saving strategy is all about identifying the difference between intentional and reckless and ensuring you still lead a happy and healthy lifestyle while meeting your savings goals and funding the life you've always dreamed of without having to sacrifice the life that you're leading now.
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Chapter 2: What is soft saving and why is it important?
So they're stressed but they've got the will.
I like that. Yeah, they're like, no, I want to fix it. Yeah, they're still optimistic and feeling proactive about their finances even while feeling stressed about the situation. So how can we save softly? Aggressive saving used to mean suffering now to live later, whereas soft saving says, but what if we just didn't? Yeah.
What are some ways that you've practiced soft saving in your life, do you reckon?
I've definitely been in more of like a do I need that headspace. Like my soft saving is probably saying yes a little bit less and saying no a little bit more and that's just typically not something that I've been very good at. But it's also been putting in more friction to my spending. So rather than like focusing on saving more, I've focused on spending less and Love that.
Chapter 3: How does soft saving differ from traditional saving methods?
And that's kind of how I've been embracing saving a little bit more because if it was like I would have this mindset that if there was money in my account, then it's money to spend. Yeah. And like it's got to spend somewhere, whereas that's not actually the case. And it would be now it's more like a... Because savings I always just found really boring and, like, budgeting. I was like, mm.
I don't think that many people are super turned on by saving money.
I don't know. Some people get their rocks off to their budget.
Yeah, that's so true.
Don't you knock it till you try it.
Right?
Not here to yuck anyone's yam.
So true.
Being like, oh, we had a 40% increase in our forecast, yo. Oh, yeah. Oh, yeah.
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