Money Healing Club Podcast

S1 E10: ✍🏽 THE journal prompt for healing - Dear Money, what would you have me know?

Do you have deep emotions around money? Like, no matter how hard you try to be more aware and organized, it feels like there's a force working against you? In this episode, Rachel Duncan, Financial Therapist and Art Therapist guides you in a powerful writing prompt called 'Dear Money, What Would You Have Me Know?' as an adaptation of Liz Gilbert’s daily prompt. I share my own writing, and invite listeners to write their own, offering a chance to hear money’s voice and reshape their relationship with it.
🖐️Leave us a voicemail: Read me part of your letter from money! Long or short, doesn't matter. I'm making a collaborative episode with lots of our letters! Click on the big orange button on our site right from your phone or browser and let me know https://www.moneyhealingclub.com/podcast
00:00 Introduction to Money as a Relationship
00:21 The 'Dear Money' Activity
00:47 A Personal Letter from Money
03:31 Guidance for Writing Your Own Letter
05:33 Sharing and Reflecting on Your Letters
07:08 Conclusion and Final Thoughts
 
Dear money, what would you have me know?
© Rachel Duncan, Jan 29 2025
 
Girl, I got you.
I will grow, I will impact,
I will support you
when you are resourced with me.
 
This work is not a hobby.
It is a vocation.
You are speaking the word of something bigger
That makes me feel good and sparkly.
 
I know I have a bad reputation.
But I've just been in the room when crappy things happen.
 
Remind yourself that I’m a tool.
And I want to work.
But I’m nothing without you.
 
But hold me close.
Spend me carefully. 
I love caring for you, and for people, and for causes.
Plug up the holes
so that I can support you and others completely.
Delight in my growth.
 
I love it when you get out the spreadsheet
and when you hold the tension
of sadness and excitement.
 
I wish you would charge more.
Equal me with your time.
Let me make this business with you!
 
I hold the pent-up dreams of your parents,
we've been tinkering, and making-do…
and now I want to ramp up with you.
 
Open doors for me
to surround you with safety.
I love it when we play.
 
I've always loved being close with you.
Growing as you have.
Learning as you have.
 
I don't have easy answers,
just more gates for more of me
to support more of you
and your work.
 
You make me happy.
We have so much in common,
we can both be patient and mindful,
we can sit and cultivate and grow,
and can act with brilliance,
and occasional abandon.
 
Let's work, let's reach, let's communicate.
Our power is in strong piercing clarity,
yet things sometimes feel cluttered.
 
I know it can be clear.
Let's take care of that today girl!
Would you schedule a time block
for the big stuff?
 
I want many good channels
and many places to land
that feel safe and secure
for me to rest and work and play
and just feel safe.
 
Help me feel safe.
 
Big hugs,
Money
 
Reference: Liz Gilbert's Letters from Love
 
🎧 Your next listen: S1 E2: How can I rewire my brain to see money as abundant?
 
💫 Use code PODCAST for 50% off your first month and start your money healing process!
https://www.moneyhealingclub.com/club
 
🤑 Get my free email course on mindful spending: https://www.moneyhealingclub.com/challenge
 
Full transcript can be found here: https://www.moneyhealingclub.com/podcast

S1 E9: 😲 The one thing you're forgetting [Out of the blue expenses]

In this episode of the Money Healing Club podcast, host Rachel Duncan, a financial and art therapist, talks about an often-overlooked type of fixed expense that just might be causing your debt spiral: annual expenses. Building on the previous episode's focus on subscriptions, Rachel explores the concept of 'midterm' expenses.
Estimate costs on all these things that usually sneak up on you:
*Car registration
*Car maintenance and repairs
*Parking/traffic tickets
*Pet emergencies
*Home repairs
*Hobby-related costs
*Travel
*Furniture
*Moving
*Tax preparer
*Seasonal recreation: Parks pass, kids camps, classes
*Medical and dental deductible
*non-monthly utilities
Dedicate a midterm savings account for these costs that is separate from an emergency fun and other long/term accounts. Name this account something meaningful: Out-of-the blue costs, annual fun, no surprises fund... whatever is meaningful for you.
Add them up and divide by 12. Set an auto transfer of this amount from checking to this special savings. Now you have a list of the inevitable, but surprising costs you're saving for!
This episode provides practical steps for calculating and setting aside funds regularly to avoid falling into a debt cycle. Rachel also highlights the importance of balancing necessary costs with quality-of-life expenses to create a realistic financial plan.
00:00 Introduction to the Money Healing Club
00:37 Understanding Annual Fixed Expenses
01:33 Examples of Midterm Expenses
03:20 Creating a Midterm Savings Account
03:47 Comprehensive List of Annual Expenses
06:59 Budgeting for Quality of Life
08:35 Conclusion and Next Steps
Your next listen: S1 E8: Subscriptions: too easy to ignore https://www.moneyhealingclub.com/podcast/s1e7-2yr7d
Leave us a voicemail: What cost feels out of the blue for you and throws you off? Click on the big orange button on our site right from your phone or browser and let me know! https://www.moneyhealingclub.com/podcast
Use code PODCAST for 50% off your first month and start your money healing process!
https://www.moneyhealingclub.com/club
Get my free email course on mindful spending: https://www.moneyhealingclub.com/challenge
Full transcript can be found here: https://www.moneyhealingclub.com/podcast

S1 E8: Subscriptions: too easy to ignore

In this episode of the Money Healing Club podcast, hosted by financial therapist Rachel Duncan, listeners delve into the practicalities of managing and canceling subscriptions. Rachel answers a Club member question about organizing and letting go of unwanted subscriptions, providing three key methods: using an app like Rocket Money, an analog approach with spreadsheets and credit card statement reviews, and the 'nuclear option' of reporting a credit card as lost or stolen.
 
Rachel invites you to join the upcoming 'Get Your Money Organized' challenge starting on January 13th for more hands-on support.
https://www.moneyhealingclub.com/club
Use code PODCAST for a special discount!
 
00:38 Listener Question: Managing Subscriptions
01:29 Practical Tips for Organizing Subscriptions
04:26 Using Apps to Track Subscriptions
05:19 Analog Methods for Subscription Management
06:18 The Nuclear Option: Canceling All Subscriptions
08:50 Summary and Final Thoughts
09:44 Join the Money Healing Club Challenge
 
 
My Gift To you: Subscription tracker: https://docs.google.com/spreadsheets/d/16RFQ3JGxyeBpKwWLav9cbLdy8m8xC27eGZGe371fzw8/edit?usp=sharing
 
References:
Federal Trade Commission Announces Final “Click-to-Cancel” Rule Making It Easier for Consumers to End Recurring Subscriptions and Memberships, October 14, 2024: https://www.ftc.gov/news-events/news/press-releases/2024/10/federal-trade-commission-announces-final-click-cancel-rule-making-it-easier-consumers-end-recurring

S1 E7: Can one spreadsheet change your life? [Club member Feature]

Use code PODCAST for 50% off your first month and start your money healing just like Haley!
https://www.moneyhealingclub.com/club
Rachel's interview on Off the Grid Podcast with Amelia Hruby
https://episodes.fm/1610399726/episode/ZmU0MGE1ZTctYTNmZS00ZjFlLTk2MTQtNDEzZDZlNmY4NWY2
Full transcript can be found here: https://www.moneyhealingclub.com/podcast
—
In this episode of the Money Healing Club podcast, Rachel Duncan, a financial and art therapist, welcomes Haley, a current club member, to discuss her personal story around money. Haley shares her journey from being financially supported by her family during college to navigating the complexities of starting her own business. Despite her initial success, Haley faced challenges such as debt and anxiety around money, exacerbated by societal expectations and personal choices. Joining the Money Healing Club was a turning point for her, providing practical tools and emotional support to regain control over her finances. Through the club's structured programs and community support, Haley learned to manage her money better, eliminate shame, and work towards financial stability and personal well-being.
 
00:38 Introducing Haley: A Money Healing Club Member
00:55 Haley's Financial Journey: From Stability to Debt
02:33 Navigating Lifestyle Inflation and Health Expenses
04:04 The Impact of Relationships on Financial Health
05:12 Starting a Business: Investments and Challenges
07:48 Dealing with Debt and Shame
11:55 Joining the Money Healing Club: A Turning Point
15:35 Introduction to the Money Challenge
16:09 Haley's Experience and Insights
16:52 Upcoming Challenge Announcement
18:12 Haley's Journey Post-Challenge
18:58 The Importance of Community Support
20:06 Practical Financial Tools and Strategies
23:03 Long-Term Financial Wellness
26:47 Haley's Future Financial Goals
30:53 Conclusion and Final Thoughts

S1 E6: Cultural perspectives on money with a Ukrainian twist

Financial Therapist, Rachel Duncan hosts a special guest episode with her husband Alex. Alex, originally from Ukraine, shares his early money memories, the impacts of inflation during Ukraine's independence, and the ongoing financial challenges faced by Ukrainians. The discussion covers topics like cultural differences in money handling, the importance of education, attitudes towards debt, and the use of cash gifts. Plus a sneak peek into how their money practices are aligned and different within their marriage.
 
We'd love to hear your stories about financial practices from different cultures and countries. Record a voice memo: https://www.moneyhealingclub.com/podcast
 
Please support the Ukrainian Defense Effort with the Ukraine Aid Fund: https://ukraineaidfund.org/
 
References: "Buy Now" Documentary on Netflix
 
00:38 Exploring Cultural Impacts on Money
01:17 Alex's Early Money Memories from USSR
01:55 Ukrainian Money Mindset
03:58 Cultural Differences in Money Practices
05:33 Attitudes Towards Debt and Credit
09:09 Money and Moral Values
13:35 Personal Reflections on Money and our Relationship
25:30 Supporting Ukraine
 

S1 E5: How can I live for today & save for the future?

Ever feel torn between treating yourself today and saving for tomorrow? In this episode, I dive into one of the most challenging aspects of our money journey - finding that sweet spot between present joy and future security. Drawing from both financial therapy and practical planning strategies, I explore how we can better connect with our future selves while still honoring our present needs. Want to know why some experiences are worth splurging on? Or how the "rule of 25" might transform how you think about saving and investing? I share actionable insights for achieving this delicate balance, including a visualization technique that makes delayed gratification feel less like deprivation and more like caring for your future self.
Whether you're someone who tends to overspend on today's pleasures or feels guilty about any present indulgence, this episode offers a fresh perspective on creating a more mindful relationship with your money across time.
Book mentioned: Happier Hour by Cassie Holmes, PhD
00:42 Balancing Present Enjoyment and Future Savings
02:40 Mindful Moment with Your Future Self
03:32 Practical Tips for thinking about the Future
06:34 The Rule of 25 for Retirement
08:18 Finding Satisfaction in Saving
10:50 Imagining Your Future Self

S1 E4: How can I teach my kids good money habits?

Have you ever wondered how to raise financially confident kids without passing down your own money anxiety? In this episode, I explore the delicate balance of teaching children about money while creating a safe space for learning and growth. From establishing predictable allowances to involving kids in family financial decisions, I share practical strategies that go beyond just teaching budgeting. Drawing from both professional insights and personal childhood experiences, I discuss why it's crucial to let our children make money mistakes in a supported environment and how to recognize the emotional needs driving impulse spending. Want to know the surprising benefit of including your kids in your own money healing journey? Or how your money conversations today might shape your child's financial future? Join me as I explore these questions and more, offering a compassionate approach to family financial education that serves both parent and child
Here are some scripts to try with your kids:
"I'm wanting to spend less money, so I need your help reminding me when we're at the store to stick to our list. Can you help me with that? "
"I'm going to start giving you some limits on how much we spend. It's called a budget, and I'm doing it for myself too. Do you want to see our family budget?"
"Lately, we haven't been watching how much we've been spending. What ideas do you have for how we can all cut down on spending?" [Be open to all responses.]
"I'm going to set up a yard sale, or sell clothes, or put things on Craigslist. What ideas do you all have to make some extra money? Are there things you would like to sell too?"
"Let's set aside a special day every week or every month for getting a treat. I need you to remind me so we can wait for it and it will feel really special."
 
Know someone who would be a good guest on the show to talk about gender and money? Email us howdy@moneyhealingclub.com
 
02:46 Listener Question: Teaching Kids About Money
04:57 Understanding Your Own Financial Upbringing
09:41 Practical Tips for Teaching Kids Financial Responsibility
11:39 Age-Appropriate Financial Involvement
18:31 Encouraging Financial Independence and Generosity
21:36 Conclusion and Resources

S1: E3 Women's Relationship with Earning With Angie Fitzpatrick

The Hidden Costs of Gender Inequality: A Comprehensive Discussion on the Wage Gap and Unpaid Labor In this episode of the Money Healing Club podcast, host Rachel Duncan interviews Angie Fitzpatrick, the community program manager for the club and a former professor of women's and gender studies. Together, they delve into the multifaceted issue of gender and money, starting with historical and contemporary perspectives on women's ownership of wealth. They critique the common misconceptions around the wage gap and introduce data highlighting the disparity in earnings across different professions. The conversation also covers the impact of implicit hiring biases, the cultural narratives around breadwinners and caretakers, and the extensive invisible labor performed by women. Offering both personal anecdotes and solutions, such as advocating for structural changes and rethinking work weeks, the discussion aims to address the larger systemic issues that contribute to gender inequality in the workplace.
00:00 Introduction to Gender and Money
00:58 You don't really understand the Wage Gap
03:55 Impact of Cultural Narratives on Gender Roles
07:44 The Unseen Cost of Caregiving
12:40 Strategies for Change and Advocacy
18:04 Historical Context and Future Perspectives
 
Join money healers at https://www.moneyhealingclub.com
Use code PODCAST for 50% off your first month!
 
References for in this episode:
Fast Facts: The Gender Pay Gap – AAUW : Empowering Women Since 1881
U.S. Bureau of Labor Statistics : U.S. Bureau of Labor Statistics (bls.gov)
Closing the Benefit Gap to Advance Women’s Health Equity | Deloitte US
Why do women spend more than men on medical expenses? (statnews.com)
New Report Says Women Pay $15 Billion More Than Men For Medical Costs (forbes.com)
What is the ‘pink tax’ and how does it hinder women? | World Economic Forum (weforum.org)
the-pink-tax---how-gender-based-pricing-hurts-women-s-buying-power.pdf (senate.gov)
 
billthepatriarchy.com
Books:
Fair Play: https://www.fairplaylife.com/
The War Against Parents: https://bookshop.org/a/106116/9780395957974
Eve: How the Female Body Drove 200 Million Years of Human Evolution: https://bookshop.org/a/106116/9780385350549
 

S1 E2: How can I rewire my brain to see money as abundant?

How can I see money as abundant [when money is actually scarce]?
In this episode, Financial Therapist, Rachel Duncan addresses a listener's question about changing their mindset to perceive money as abundant and limitless. Rachel explores the historical and familial contexts that shape our beliefs about money, emphasizing the evolutionary purpose of these beliefs in ensuring safety. She offers practical scripts and advice for rewiring these ingrained thought patterns while ensuring financial security. Rachel encourages specificity in defining what financial abundance means on a personal level. Tune in for a profound conversation about inherited money scripts and steps to foster a balanced approach to financial growth.
 
Thy these new scripts:
"I am developing sources of income at the same time I'm keeping myself safe."
"I take careful risks."
"I have more options available to me to make money than my ancestors had."
"It's ok for me to earn more than my parents."
"I know exactly how I'd use X-amount of income>"
 
00:00 Introduction and Listener's Question
00:26 Understanding Money Scripts
01:35 Generational Beliefs About Money
04:28 Rewriting Your Money Script
05:11 Practical Steps for Financial Abundance
05:46 Conclusion and Final Thoughts
 
The softer side of personal finance has finally arrived: https://www.moneyhealingclub.com
 
My gift to you: Free email course on mindful spending: https://www.moneyhealingclub.com/challenge
 

S1 E1: How can I stop impulse spending [when it feels good]?

Get my free Mindful Spending Challenge today: https://www.moneyhealingclub.com/challenge
 
In this episode, Financial Therapist Rachel Duncan, answers the #1 listener questions: How do I stop impulse spending when I'm emotional? Discover strategies to understand the feelings driving impulse buys, and replace impulsive spending with healthier, dopamine-boosting activities. Learn the importance of self-care in financial stability and get an invitation to join a supportive community to navigate the complexities of money management. Listen in for tips that not only curb impulse spending but also enhance overall well-being.
 
00:35 What is Impulse Spending ?
01:29 Understanding the Emotional Triggers
02:03 What is the Want Beneath the Want?
03:01 The Role of Dopamine in Impulse Spending
03:44 Replacing Impulse Spending with Healthy Habits
05:22 Planning for Controlled Impulse Spending
06:15 The Long-Term Process of Change
07:02 Community Support and Resources