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Building LGBTQ Money Confidence

Do we need to build LGBTQ money confidence?

Are you following all the traditional advice on money, but you still feel stuck? The missing piece may be money confidence, a mindset critical to financial success. So, how do you develop money confidence? What is the connection between financial confidence and your ability to earn? And how might a money confidence coach serve us in the LGBTQ community?

Jen Hemphill is an Accredited Financial Counselor and host of the Her Money Matters podcast, a show dedicated to practical money insights. Jenn works with clients as a money confidence coach, helping them do the inner work necessary to spend more consciously and reclaim ownership of their financial lives. She is also the author of Her Money Matters: The Missing Truths from Traditional Money Advice.

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Today, Jen explains what sets her apart as a money confidence coach, sharing her holistic approach to supporting clients in their financial journey. She defines what it means to have money confidence and offers advice around spending with intention. Jen shares several simple strategies to gain money confidence, discussing how celebrating financial wins provide an instant boost. Listen in for Jen’s insight on determining your values when it comes to spending and learn how Her Money Matters can support you in building that all-important money confidence!

Topics Covered

What sets Jen apart as a money coach

  • Holistic approach
  • Focus on money confidence

What it means to have money confidence

  • First step toward financial security
  • Get through difficult moments on journey

How a money confidence coach might serve the LGBTQ community

  • Identify strengths and weaknesses around spending
  • Explore upbringing and its role in money story

The connection between money confidence and the ability to earn

  • Giving voice to issues of inequality not enough
  • Must do inner work to gain confidence in abilities
  • Set tone, provide example for entire community

Jen’s advice around spending with intention

  • Define financial priorities, goals
  • Spend in alignment with values
  • Leave room for ‘guilty pleasures’

Jen’s first steps to acquiring money confidence

  1. Celebrate money wins
  2. Talk about money
  3. Surround self with people who have financial confidence

Jen’s components of money confidence

  • Clarity of financial picture
  • Sense of purpose
  • Know money accounted for

How to determine your values around spending

  • Go through bank, credit card statements
  • Find recurring themes and ask WHY
  • Weekly check-in and reflection

The impetus for Jen’s book, Her Money Matters

  • Followed traditional money advice but felt stuck
  • Focus on mindset, self-care for holistic approach
  • Geared to women but serves anyone feeling stuck

 

Connect with Jen

Jen’s Website

The Her Money Matters Podcast

 

Resources

Her Money Matters by Jen Hemphill

The Debt Free Guys Spending Analysis Tool

Queer Money Facebook Group

Queer Money Newsletter

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