DOWNLOAD BUDGET TEMPLATE: https://coachpeggy.life Summary In this conversation, Peggy McInnes, a certified personal finance coach, shares her journey from being in debt to helping mid-career women achieve financial freedom. She discusses the importance of budgeting, tracking expenses, and understanding the difference between needs and wants. Peggy emphasizes the significance of accountability in financial coaching and provides strategies for paying off debt and building emergency funds. She also addresses common fears about hiring a coach and how to justify the cost by finding savings in one's budget. Takeaways

• Peggy focuses on helping mid-career women achieve financial freedom.
• Many women struggle with debt and lack savings for retirement.
• Budgeting is essential for managing finances effectively.
• Tracking expenses helps identify unnecessary spending.
• Understanding needs vs. wants is crucial for financial health.
• Paying off the smallest debts first builds momentum.
• Emergency funds are vital for financial security.
• Hiring a coach provides accountability and support.
• Financial literacy is often lacking in education and upbringing.
• Consistency in budgeting leads to long-term financial success.

Timestamps 00:00 Introduction to Financial Coaching for Women 06:36 Personal Journey: From Debt to Financial Freedom 12:43 Understanding Budgeting and Expense Tracking 17:00 Distinguishing Needs vs. Wants in Spending 21:06 Strategies for Paying Off Debt 27:16 The Importance of Emergency Funds 32:41 Overcoming Resistance to Financial Coaching 37:01 The Role of Accountability in Financial Success 41:31 Justifying the Cost of a Financial Coach