Smart Financial Strategies for Navigating Lump Sum Payments (Ep 55)
In this Mind and Money podcast episode, hosts Val and Sherry discuss strategies for managing unexpected lump sums of money, such as tax refunds, bonuses, or inheritances. They emphasize the importance of understanding one's financial situation, pausing before making decisions, and balancing debt repayment with using it for things that make you happy. The conversation also highlights the need for clarity in financial planning and the value of brainstorming potential uses for the money before taking action.Key takeaways:Pause before making financial decisions.Balance debt repayment with personal enjoyment.Emergency savings are crucial for financial security.Clarity around monthly expenses is essential.Brainstorming can help clarify financial goals.Consulting with a financial expert can provide guidance.It's okay to experiment with how to use funds.Visualizing outcomes can aid decision-making.Let's connect: Book a free call with Val (financial planner): https://calendly.com/valerie-stratfordBook a free call with Sherry (financial coach): https://app.acuityscheduling.com/schedule.php?owner=17480698&appointmentType=25737393Val’s Instagram: http://www.instagram.com/you.me.and.moneySherry’s Instagram: http://www.instagram.com/moneymindsetfcPodcast Instagram: http://www.instagram.com/mind.money.adhd.podcastSherry’s TikTok: https://www.tiktok.com/@moneymindsetcoachinglump sum, financial planning, debt management, savings, emotional spending, financial goals, budgeting, financial advice, money management, investment strategies
Mind + Money: A Podcast All About Money and ADHD
We are two financial professionals with ADHD, and we are here to share strategies for changing your finances that align with how your unique brain works! We’ll also dive into different ADHD topics!
The number of personal finance experts out there can feel overwhelming, and when we try to follow their ’must-follow’ steps to financial success and fail, we can feel defeated.
Together, we will help you ditch the shame and make changes that feel aligned with the life you want to live!
We’ll also share things we learn about ADHD along the way and what works for us to find balance in our lives.
Where can you listen?
