June 27, 2024

Jessica Moorhouse: Taking Control of Your Financial Health

44 minutes

Host Katie Mares interviews financial expert Jessica Moorhouse. They discuss the importance of financial health and provide tips for taking control of your finances. They emphasize the need to start with a solid foundation, including creating an emergency fund and budget which reflects your living expenses. They also discuss the importance of budgeting and tracking spending. They address common challenges such as procrastination and mindset issues around money. They encourage women to break the cycle of not talking about money and seek out communities and resources that normalize these conversations. They also touch on the role of social media in perpetuating money shame and the importance of not comparing oneself to others. They also explore the financial challenges faced by victims of abuse and provide practical advice on how to become financially prepared and thrive after leaving an abusive relationship. Jessica shares insights from her upcoming book, which aims to help readers understand and overcome their insecurities around money.

Takeaways

Financial health is an important aspect of overall well-being and should not be neglected.

Start by creating a solid foundation, including an emergency fund and understanding your living expenses.

Budgeting and tracking your spending are essential for taking control of your finances.

Procrastination and mindset issues can hinder financial progress, but consistency and self-belief are key.

Break the cycle of not talking about money and seek out communities and resources that normalize these conversations. Social media can contribute to money shame by creating a false sense of comparison and the pressure to keep up with others' lifestyles.

Financial abuse occurs in 98% of abusive relationships, making it difficult for victims to leave due to a lack of financial independence.

To become financially prepared and thrive after leaving an abusive relationship, it is important to reach out to trusted individuals for support, seek resources from organizations that assist abuse victims, and focus on finding employment and building financial stability.

Money is not a thing but a tool that should flow and be controlled by individuals. It is essential to remove fear and shame around money and take proactive steps to improve one's financial situation.

Recognize and address the fears that hold you back from taking action with your finances, and seek practical advice and resources to overcome them.

Money is energy, and it is important to put positive energy into it while taking action to achieve financial goals.

Resources referenced by Katie and Jessica in this episode:

https://cba.ca/financial-abuse-what-you-need-to-know-and-where-to-get-help

https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/financial-abuse.html

https://www.thehotline.org/

https://www.verywellmind.com/financial-abuse-4155224

https://jessicamoorhouse.com/podcast/ep-216-understanding-financial-abuse-jana-lynch/

Financial Abuse - PCADV

https://desis.osu.edu/seniorthesis/index.php/2022/09/27/reasons-why-women-dont-want-to-talk-about-money/

Connect with Jessica Moorhouse:

https://jessicamoorhouse.com

Access Jessica's Budget Spreadsheets:

https://jessicamoorhouse.com/shop

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By Katie Mares

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