In this ep I'm taking you through 6 juicy ways to hack your brain and find money solutions that work for YOU. We can know all the solutions and all the strategies, but if we're not actually DOING it, it's all for nothing. You know what I always say, getting to know yourself is an act of financial empowerment – and that's what we're doing today. Getting to know yourself and your brain so we can find techniques for managing your money that make sense to you and elicit that all important "click" moment.

A quick PS: this episode was originally a free masterclass taught inside my Spend-tember challenge, but I know you're gonna love it as a podcast, too.

Order my book, Good with Money!

Where to find The Broke Generation

Website: https://thebrokegeneration.com/
Instagram: https://instagram.com/the.brokegeneration
TikTok: https://www.tiktok.com/@the.brokegeneration

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

See omnystudio.com/listener for privacy information.

In this episode, I’m joined by Kate Browne, head of research and insights at Compare Club, to explore the real impact of buy now, pay later services on our everyday financial habits. What started as a tool for spreading the cost of larger purchases has crept into everyday essentials like groceries and fuel. But how is this changing the way we think about spending and budgeting?

Kate and I dive into the hidden consequences of relying on these services, from juggling multiple payments to losing sight of the true cost of things. It’s not just those facing financial difficulties - many people with higher incomes are now turning to buy now, pay later instead of traditional credit options. Why is that? And what does it say about our changing relationship with money?

We also look at the potential long-term impacts, especially on younger generations, and how these services might be reshaping financial behaviour for years to come.

Today we cover:

• How buy now, pay later services are becoming part of everyday life.
• The effect on spending habits across all income levels.
• What we should be aware of as these services grow in popularity.

“Some people said they were using it daily. And this is really showing that buy now, pay later isn't sort of a nice-to-have tool, but it's really ingrained as a financial tool for people to get from paycheck to paycheck."
Kate [03:56]

“It's very, very easy to lose control and even in people who are generally good with money, once you kind of lose control, it's really hard to get it back or it's even easier to put your head in the sand."
Kate [08:03]

“The relationship we have with our phones, we're on them all the time. So paying with them doesn't feel like anything out of the ordinary."
Emma [23:14]

Where to find Kate

Website: https://compareclub.com.au/expert-analysis/author/kate-browne/

Where to find The Broke Generation

Website: https://thebrokegeneration.com/
Instagram: https://instagram.com/the.brokegeneration
TikTok: https://www.tiktok.com/@the.brokegeneration

Order my book, Good with Money!

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

See omnystudio.com/listener for privacy information.

In this bonus episode I take you through five key things you can gain from unpacking your relationship with clothing spending, and tell you about the next round of The Wardrobe Project that's kicking off on October 28th.

Highlights:

• The joy we think we feel from buying clothes isn't REAL joy!
• The mental lightness that comes from shutting out the noise of consumption
• How you can free up money for things you actually want
• Why you won't be thinking about that blazer on your deathbed
• Why our bodies are on trial every time we purchase clothes

JOIN THE WARDROBE PROJECT HERE: https://mailchi.mp/1913ab5d92b6/the-wardrobe-project

See omnystudio.com/listener for privacy information.

There are ten weeks left of 2024! How good would it feel to start 2025 with a $1000 headstart on whatever you want to work towards, or have $1000 saved up and ready to enjoy as an end of year treat!? WELL, in this episode we're making it happen. By building up momentum and approaching a short term goal from an opportunity perspective, we can make big progress without too much sacrifice... and this episode is going to give you all the tips, motivation and energy you need to hop on board.

Mentioned in this episode:

The Wardrobe Project, enrolling October 28th:

https://mailchi.mp/1913ab5d92b6/the-wardrobe-project

Broke Gen Baddies Facebook Group: https://www.facebook.com/share/g/rErfbtizRDMYPGnV/

See omnystudio.com/listener for privacy information.

In today's episode, we're going down memory lane back to one of the early early episodes of the podcast for a book club-style chat about one of my all-time favourite reads, Atomic Habits by James Clear. This was episode ELEVEN of the show so do forgive my under-developed podcasting style in this episode, but it's still an enjoyable listen!
Atomic Habits is about behaviour change in general, but it also contains helpful insights for reshaping how we approach money. Instead of going for that crash diet mindset - cutting everything out for a short-term win - this episode is all about making better financial habits a natural part of your day-to-day life. I break down Clear’s four laws of behaviour change - Make It Obvious, Make It Attractive, Make It Easy, and Make It Satisfying - and share practical ways to apply them to your financial world. Whether you’re looking to save more or spend smarter, this episode is packed with actionable tips and bite-sized wisdom to help you build lasting change. Perfect if you're ready to level up your money mindset!

Book mentioned: Atomic Habits by James Clear

Also order Good With Money!

Where to find The Broke Generation

Website: https://thebrokegeneration.com/
Instagram: https://instagram.com/the.brokegeneration
TikTok: https://www.tiktok.com/@the.brokegeneration

Order my book, Good with Money!

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

See omnystudio.com/listener for privacy information.

In this episode, I sit down with Jessie Leong, known as howifundthis on Instagram, to explore a common yet often overlooked financial struggle - money anxiety and the fear of spending. We discuss the challenges of hoarding money for security and how it affects those who identify more as savers rather than spenders. Jessie shares her personal journey, from growing up with the mindset of saving for a rainy day to grappling with the discomfort of parting with money. Together, we break down how to build a healthier, more balanced relationship with money, allowing for financial freedom without fear, shame, or anxiety.

Episode highlights:

• Strategies to overcome money anxiety and scarcity mindset.
• The emotional challenges of being a natural saver.
• How to find balance between saving and spending.

Where to find Jessie

Website: https://howifundthis.com/
Instagram: https://www.instagram.com/howifundthis

Where to find The Broke Generation

Website: https://thebrokegeneration.com/
Instagram: https://instagram.com/the.brokegeneration
TikTok: https://www.tiktok.com/@the.brokegeneration

Order my book, Good with Money!

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

See omnystudio.com/listener for privacy information.

GIDDY UP cats and kittens, there's 25% of the year left and we're going to grab it with both hands and squeeze every last drop out of it. In this episode I'm taking you through a sexy little goal setting method to help you tease out some exciting goals for the rest of the year. Studies have shown that motivation is actually higher in September than in January, as you've less time to work with and the promise of a hard reset coming up. Don't just sit back and let the rest of 2024 pass you buy – let's move on your goals NOW and get a headstart on 2025.

Highlights:

• The four principles of goals according to goal setting theory
• The GROW action plan
• Inputs and outcomes
• Actions and avoidances
• Behavioural contracting

This is not your average goal setting episode – not a SMART goal in sight, I promise. You'll learn new techniques to tease out goals that matter to you, refine them, and then get to work on making them happen.

Mentioned in this episode:

Piping Hot Goal Setting Power Pack: https://thebrokegeneration.com/product/piping-hot-goals/

SPEND-TEMBER feedback survey: https://us3.list-manage.com/survey?u=960c5ef0dbe76119ee97e93e2&id=caabe504b9&attribution=false&fbclid=IwY2xjawFle0JleHRuA2FlbQIxMQABHdLtBOtH9-8DkTwpstSzdf8zMVJd6wpX9Mum2EX2u1dCms0tpyF9ds_10g_aem_sFa0iA1X7XrPb6l6A6-egw

Join the Podcast Facebook Group: https://www.facebook.com/share/g/SKvbYroQLVHd674A/

See omnystudio.com/listener for privacy information.

Does your budget actually align with who you are? If you value freedom, autonomy and doing things your own way, shouldn't your budget reflect that too? Likewise, if you love structure, rules and boundaries, you can manage your money with this in mind, too. In this episode I talk through ways to understand your own personality, psychological profile and motivational style and how to apply that to your finances, in the context of 5 popular budgeting styles:

• Zero-based budget
• Reverse budget
• 50/30/20 budget
• Kakeibo
• Cash envelope budgeting

Vote for The Broke Generation Podcast in the Australian Podcast Awards: https://www.australianpodcastawards.com/voting

See omnystudio.com/listener for privacy information.