June 6, 2018

[Ep. 162] Why Your Money Matters with Jen Hemphill

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I’m Jessica and I’m a money expert, speaker, Accredited Financial Counsellor Canada®, host of the More Money Podcast, and am currently writing my first book with HarperCollins Canada (2025).
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For this episode, I’m bringing back a guest who hasn’t been on the show since 2016 (episode 48 if you want to check it out), and boy has a lot happened since then. I’m talking about the wonderful Jen Hemphill, who is a money confidence coach and Accredited Financial Counselor®, as well as the podcast host of Her Money Matters.

But she also has a new title she just added, and that’s author. She recently published her first book, also called Her Money Matters, and we dig into some of the big topics she discusses in her book in this episode.

Finding Your “Why” Is Key for Your Money

I am a big believer that money isn’t just about money. It’s so much more than that. Money is also about your hopes, dreams, and goals. And the only way to achieve any of those is by figuring out your why. We all know we shouldn’t spend too much, should save and invest, and should get or stay out of debt. But without a clear why for doing any of these things, we don’t do any of them. That’s why determining your “Why” is key to financial success. It’s a huge motivator and will keep you on track and grounded.

Financial Confidence Is Something We Need to Work More On

This may not be a big issue with men, but it’s a big issue with women. I talk to so many amazing women that from the outside look like they are doing so well! And then they explain how they don’t have that much confidence when it comes to managing their own money or asking for a raise. This is a big problem, and something we all (men and women) need to work on. If we’re all confident in ourselves, we’ll naturally make better decisions and be able to live lives that are more joyful and fulfilling.

Value-Based Spending Is a Better Way to Spend

For years (and sometimes even still), it felt like in every book or newspaper article I read, the advice was the same: “Stop spending your money!” or “Stop buying expensive lattes!” Well, when you keep hearing those things over and over, you start to feel bad about spending anything at all, and that’s just ridiculous!

Money is meant to be spent. The money you’re currently saving up? You’ll eventually spend it. That’s the purpose of money. But, it doesn’t mean you should overspend. It’s important to practice value-based spending, so you are spending on things that align with your values and bring you joy while staying conscious of your budget.

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