Financial Sobriety School with Linda Parmar

Have you been asking yourself if loan consolidation might be something you want to do with your debt?

In this episode I walk you through the questions to ask yourself before you follow through with a loan consolidation application or a balance transfer with your credit card company. 

When it comes down to it loan consolidations can be a great way to make your payments more realistic but is it the best thing for you? 

There are many things to consider when getting a loan consolidation and I give you all the information you need. 

I also introduce you to the "Prince Charming Effect" of what loan consolidations do for us and it's one of the most important pieces of thinking through if you are trying to be rescued or not. 

You will get all the info you need to consolidate or not consolidate! 

If you struggle with perimenopause and you saw the title of this lesson it may feel like a bit of a warm hug, but in saying that you don't want a warm hug cause the hot flashes have taken over, but you get what I mean. 

I am talking about what alot of peeps aren't talking about, perimenopause. 

Perimenopause has really affected my Financial Sobriety. 

With the mood swings, hot flashes, feeling completely on edge my spending can be affected at times. The thing that has affected it the most is the cost of perimenopause. 

Our system is so broken when it comes to women seeking help as we struggle with perimenopause. 

Paying out of pocket is the only way I was going to get anybody to even take me seriously (and I live in Canada. 

This weeks lesson I talk all about how it affected me and some tips for how to navigate this LOOOOONNNNNNG season of your life. 

Here is the link to the sober spending course I refer to in the episode:

https://www.lindaparmar.com/soberspending

Guest episode - Jake! 

Jake is joining us from Ottawa Ontario to share his journey that he has had with his money. 

Jake's story really spoke to me as the things he has dealt with in his life so far and focusing on his money has been something he keeps coming back to. 

He shares his journey of being in recovery from cannabis use, ADHD and bipolar disorder. This journey brings him through many ups and downs and his story is really inspiring.

Jake is also a trans male and I admire him so much to step into his truth and how he navigated his finances during this time. 

Enjoy the guest episode! 

Lee is joining us as a guest on the pod today from Brisbane Australia. 

It always excites me so much when I get to hear stories of recovery and money in countries all over the world as I am in Canada. 

Lee shares her journey of her recovery and going through a divorce and how this has impacted her money and focusing on next steps to move into Financial Sobriety. 

One thing that I really admire about Lee's story is how much work she has done on her recovery and how she is now ready to start her Financial Sobriety and explaining how she has been able to get to this place. 

If you are looking to be a guest on the pod please feel free to email me at [email protected]

Summer Series is back with a guest episode ☀️

Tami from Seattle joins us today to share her story with the work on her Financial Sobriety. 

Tami has done SO much work on healing her relationship with debt and overall spending. 

If you need some inspiration on what making peace with debt, this episode is for you. 

Such an honour to have Tami on the podcast and share her hope and inspiration with her Financial Sobriety. 

Summer is here and guest episodes are back! 

Our first guest to share their story is Jenn. 

Jenn is a client who I worked very closely with the last few years and I am so excited that she is our first guest as her story is SO POWERFUL. 

When I think of someone who has been extremely dedicated to her journey with money I think of Jenn immediately. She remained so committed and accountable to her journey with money and most of all when things felt hard she kept going.

Giving voices to you and supporting you and your Financial Sobriety is an honour. If you would like to be on the show please email me at [email protected]

Consumerism and Capitalism are words that are referred to a lot in conversation in our world, but understanding it can feel overwhelming. Breaking it down into bite sized pieces was something that I wanted to do. Being armed with information about our money is SO powerful and helps us make decisions with our money and practice our Financial Sobriety. 

Unfortunately Consumerism and Capitalism is something we deal with daily.

The world we live in today is full of racism, sexism, colonialism, elitism, anti semitism, ableism and SO MUCH more. A lot of these movements are driven primarily by capitalism. It actually feels really hard to write this as I know I am a privileged white woman who is in recovery from many things.

We are in recovery from capitalism and consumerism. 

This weeks lesson will give you more insight into what this means for you and your Financial Sobriety. 

Building habits and routine for your Financial Sobriety is such a huge piece of following through with working on your money. 

Today I share my routine that helps support my Financial Sobriety. 

This routine has taken 7 years to work as a system and it is an ever evolving process, just like my relationship with money. 

Here are some of the key pieces of my routine: 

1. Create monthly spending plan. 

2. Daily planning of my spending and tracking my spending. 

3. Money dates/meetings. 

4. Not using credit cards. 

5. Auto transfers for my savings plan and debt payments. 

6. Check-in with my emotions with money and spending. 

7. Budgeting for things I want. 

8. Celebrate

In this lesson I dive into each piece of my routine and how you can make it work for you. 

Here are links to previous lessons where I tell my story about my journey with my Financial Sobriety: 

https://podcasts.apple.com/ca/podcast/your-money-your-recovery/id1493570547?i=1000462813534

https://podcasts.apple.com/ca/podcast/your-money-your-recovery/id1493570547?i=1000606259490

Here is a link for a lesson on Money dates/meetings: 

https://podcasts.apple.com/ca/podcast/your-money-your-recovery/id1493570547?i=1000536841911

It’s time to practice some sober spending this summer. 

If you are anything like me the summer sun can bring out impulse to spend money. 

This summer let’s make it different and practice sober spending under the summer sun. 

Sober Spending is one of the 7 foundations of Financial Sobriety School and in this lesson we focus on how to practice it the summer. 

In this lesson Linda walks you through the steps to take to ensure that you are setting some financial intentions and following through and feeling proud of yourself when September hits. 

New summer school group course starting for Financial Sobriety School on June 9th, all the details for the upcoming 3 month course is here: 

https://www.lindaparmar.com/thriving

Do you think it's possible to save money even when you have debt?

When we are working on our Financial Sobriety it is important to start to change some behaviours. 

One of those behaviours can be saving money. 

This is often something people talk about is that they really wish they had savings. 

Starting the habit of saving, even when you have debt is REALLY important. 

If you start to save you won't be reaching for a credit card when an unexpected expense comes up. 

Intentionally saving is a habit that you won't be regretting! 

Learn the tips and tricks that will support you, your wallet and your Financial Sobriety.