Shownotes
Have you ever wondered how to balance your love for travel with financial wellness?
In a recent episode of the Transform with Travel Podcast, I’m joined by Erika Wasserman, certified financial therapist. Erika brings a wealth of knowledge, not just from her professional life but also from her personal experiences.
Erika explains the core of financial therapy: understanding the intertwining of money and emotions. A strong relationship with money offers choices and opportunities, while a weak one can lead to feelings of defeat and helplessness. Erika emphasizes the need for financial education and open conversations about money, which are often neglected in many households.
Kelly addresses a common concern – how to save for big trips without feeling financially irresponsible. Erika introduces the concept of a "Yes Plan," focusing on what you want to say yes to instead of feeling restricted by a budget. She shares practical tips like setting travel alerts, flying economy on less busy days, involving the family in saving efforts, and visualizing your travel goals to build momentum and make savings enjoyable.
Reflecting on her extensive travels, Erika underscores that travel taught her life's fragility and the importance of seizing moments with loved ones. Whether on grand adventures or daily micro-explorations, appreciating the present and those around us enriches life immeasurably.
We talk about:
- 00:00 Intro
- 02:21 Rapid Fire Questions with Erica
- 03:35 Erica's Journey to Financial Therapy
- 07:25 The Roller Coaster of Life and Financial Control
- 12:09 Erica's Love for Travel
- 18:18 Balancing Travel and Financial Wellness
- 26:02 Choosing Experiences Over Material Possessions
- 26:37 Family Money Stories and Values
- 27:37 Fluidity of Financial Priorities
- 28:16 Travel on a Budget
- 30:34 Communicating Financial Priorities with Partners
- 31:17 Handling Different Travel Preferences in Relationships
- 35:31 Communicating Financial Plans with Family
- 37:34 Setting Realistic Financial Goals for Travel
- 40:49 Understanding Your Money Mindset
- 48:28 Final Thoughts and Life Lessons from Travel
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