About the Guest(s):

Kate Welker is a CERTIFIED FINANCIAL PLANNER® at Rooted Planning Group with a passion for helping individuals cultivate a thriving financial future. With a background in finance and a keen understanding of the importance of intentional spending, Kate provides valuable insights and guidance to clients seeking to achieve their financial goals.

Episode Summary:

In this episode of Money Roots, Kerrie Beene and Kate Welker delve into the trending topic of underconsumption, exploring the practice of spending less, saving more, and avoiding unnecessary expenses. The discussion revolves around the influence of social media, historical trends, and the importance of being intentional with money. The episode emphasizes the significance of aligning spending with personal values, finding balance, and utilizing resources wisely to achieve financial goals.

Key themes include understanding the concept of underconsumption, the impact of inflation and de-influencing, and the historical shift towards intentional spending. Kate and Kerrie highlight the significance of identifying personal values, setting financial goals, and making mindful choices to achieve financial well-being.

Key Takeaways:

• Underconsumption promotes spending less, saving more, and avoiding unnecessary expenses.
• Being intentional with money involves aligning spending with personal values and setting financial goals.
• Historical trends and societal influences play a role in shaping spending habits and preferences.
• Finding a balance between needs, wants, and resources is essential for financial well-being.
• Utilizing safeguards, setting reminders, and having an accountability partner can help curb impulsive spending.

Notable Quotes:

• "Just because it's on sale doesn't mean you saved money if you didn't plan to buy it to start with."
• "Underconsumption isn't about being as frugal as possible; it's about finding balance and being wise with your finances."
• "Identifying personal values and spending on what matters to you is key to financial well-being."

Resources:

• Rooted Planning Group: Website

Don't miss out on the insightful conversation about underconsumption and intentional spending in this episode of Money Roots. Tune in to gain valuable tips and strategies for nurturing your financial future.