We were so excited to finish off our series with financial planner Julia Chung.

Julia workshopped how to set financial goals based on our own unique values and priorities.

We discussed things like –

  • Differences between a scarcity mindset (budgeting) and a growth mindset (cashflow planning) when it comes to managing our money
  • How to be conscientious with spending, to counteract forces that contribute to overspending and shame
  • Goal setting and aligning our cashflow with those goals

As a bonus you’ll find your glamour shots at the bottom.

Our Goals

  • Alleviating financial anxiety
  • Fostering community
  • Learning together
  • Building intergenerational bridges

Adulting with Julia

Budgets are often fear-based – we usually create them when we feel we don’t have enough – and this can lead to an unsustainable or unrealistic allocation of our financial resources. Start your financial planning by filling out your ‘wheel of life.’ From there, prioritize areas you’d most like to improve, figure out what the gaps are between where you are now and where you’d like to be, and then set specific goals. This approach aligns your finances with your values, and this synergy is motivating!

“Should” is a swear word. If you’re saving for something because you think you should, it isn’t going to be a motivating goal.

Take the time to outline the specifics of your financial goals – “I save enough to take a vacation somewhere warm next year” isn’t as exciting as “I learn to surf in Sámara, Costa Rica in Winter 2020”

While there’s no one-size-fits-all solution, there’s one important and well-researched metric. Experts recommend that at least 20% of your after-tax income be spent on lifestyle and entertainment, allowing you to enjoy your life.

Keeping focused on your financial goals is difficult – our culture promotes mindless consumption and it’s hard to work against this system. Goal-setting and being a thoughtful consumer are two tools we can use in response.

There’s no one-size-fits-all solution to finances. There isn’t one way to invest, one set percentage to put aside for retirement. The answer starts with you putting in the work to determine what your values and goals are.

Slides from Julia’s presentation

Glamour Shots!