The Wallet

How to build a strong sense of financial wellbeing, with Clare Seal

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Episode notes

🔮 When Clare Seal faced a difficult financial situation in 2019, she turned to Instagram to make herself accountable, posting anonymously as @myfrugalyear. In under a year, she had grown a following and went on to start The Financial Wellbeing Forum. Clare is also Glamour’s Money Matters columnist and the author of three books.

💥 Today on The Wallet: 

1️⃣ It’s essential when you embark on a journey to improve your financial wellbeing, you are not wasting your energy or beating yourself up about the things where you don't have any control. Try to instead focus on what you can do and take small steps forward. 

2️⃣ It’s easy to try and overcome financial baggage in quite a superficial way but it’s paramount to unpack why you’ve been doing the things you’ve been doing in the first place. It’s about understanding your behaviour to move forward and learning to forgive yourself and trust yourself again.

3️⃣ You can earn as much as you want, but if your spending is out of control and you don't know what your money's going to, it's really difficult to find any sense of financial wellbeing. Overspending can be a self-soothing technique. The biggest thing is identifying emotional triggers and finding alternative ways to assuage them.

You can follow and connect with Clare at:

• Instagram: https://www.instagram.com/myfrugalyear 
• The Wallet: How Am I Repaying My £27k Credit Card Debt?

Resources featuring more advice from Clare:

• ‘I've knocked £10k off my debts in a year - and these are the money-saving hacks I swear by.’ 
• Why taking care of your finances is not a passive act
• The Real Life Money Journal: A practical guide to help you understand your relationship with money and take control of your finances 
• Pre-order her new book - Five Steps to Financial Wellbeing

Our podcast partners PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk. 

I’m Emilie Bellet, founder of Vestpod - a thriving community that financially empowers women, author of You’re Not Broke, You’re Pre-Rich and host of The Wallet! You can learn more about Vestpod, join our events and subscribe to our newsletter at www.vestpod.com and on Instagram @vestpod. Join our private Facebook group: @vestpod. 

 

We're here to answer your questions! Follow this link (https://telb.ee/abrzt) or email me the recording at [email protected].

* Please note that we are not certified, financial advisers! The articles and information made available on Vestpod and this podcast are provided for information and educational purposes only and do not constitute financial advice.*

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