Mar 24, 2023
Budgeting. No one wants to talk about it, but it's essential - especially if you're contemplating divorce.
Rhonda sits down with Chuck Howard, Assistant Professor at Texas A&M University to discuss the importance of creating a budget and then establishing a routine to continuously track and re-evaluate it.
Listen in as Chuck gives us 5 easy steps to move to successful budgeting:
Set your budget - look at what’s coming in and going out of your bank account.
Set aside time to track your spending against the budget.
Think about atypical expenses that creep up and make a plan for those.
Take in an outside view - ask for help from someone who can give you an objective, broader perspective.
Don’t be too hard on yourself!
Do you have questions about setting up a budget? Reach out and let us know! We have resources that can help.
About today’s guest:
Ray Charles “Chuck” Howard is an Assistant Professor of Marketing at Texas A&M University. In his research, Chuck asks questions like why do consumers overpredict their future income and underpredict their future expenses? He then designs simple solutions for these problems that help people improve their financial well-being. Chuck’s research has earned awards from the Society for Consumer Psychology, the Society for Judgment and Decision Making, and the Behavioral Insights Group at Harvard University. Chuck earned his PhD in Marketing from the University of British Columbia, and his BA in Economics and Finance from Ryerson University.
Connect with Chuck on LinkedIn:
linkedin.com/in/chuck-howard-98310444
Your host is Rhonda Noordyk, CFEI, CDFA®, CEO of The Women’s Financial Wellness Center
Rhonda has dedicated her career to being an advocate for women and educating them on how financial strategies can impact their personal and professional success. Her work has shown women going through a divorce how to have a voice, be assertive, get results, be driven, and move forward with confidence.
For Rhonda and her company, the Women’s Financial Wellness Center, helping women isn’t just about running the numbers. It’s about asking the right questions, demystifying myths and biases around finances, and helping women walk in their power. Rhonda is passionate about helping her clients navigate a broken system and level the playing field so they can achieve success—pre, during, and post-divorce.
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