On the House

Cara Macksoud: Smart Household Budgeting and Navigating Behavioral Finance | On the House #38

Expert Cara Macksoud discusses understanding behavioral patterns and shares practical tips for creating a harmonious financial environment. Her valuable advice on achieving desired lifestyles while navigating financial journeys encourages open financial conversations among household members and tools to master household budgeting.

Meet Cara Macksoud

Cara Macksoud, FBS®, is the CEO of Money Habitudes. She completed the Financial Therapy Graduate Certificate at Kansas State University and holds a BS in Finance from NYU Stern School of Business. 

She is a Certified Financial Behavior Specialist® and a member of the Financial Therapy Association, where she serves on their membership committee. She is also a member of the Association of Financial Counseling and Planning Education (AFCPE) and is an AFC candidate.

About the episode

Cara Macksoud discusses the complexities of behavioral finance, shedding light on how behaviors, habits, attitudes, and beliefs around money impact household budgets. She also emphasizes the significance of recognizing the influence of cultural, religious, and environmental factors on financial behaviors. 

Listeners will gain practical insights on budgeting, understanding expenses, and managing their financial resources effectively. Additionally, Cara discusses the detrimental effects of bad financial habits, such as feeling a perpetual lack of money or impulsive spending, while offering guidance on creating healthier financial patterns.

In conclusion

The major takeaways include the importance of budgeting for good spending management and the recognition that money-related behaviors and attitudes are influenced by various factors. By using the practical pieces of advice offered in this episode, listeners can establish healthy financial habits and confidently navigate their financial journeys.

Be the first to see our next episode. Follow us on social media to stay updated: 

YouTube 

Facebook

Instagram

Twitter

You can also subscribe and listen to the show on your preferred podcasting platforms:

Apple Podcasts

Spotify 

Amazon

iHeart Radio

Podbean

PlayerFM

Podchaser

Google Podcast 

Ingy Musallam

Recent Posts

Improve Home Airflow by Changing Curtains, Furniture, and Home Layouts

Have you ever felt that your house was stifling, no matter how high you turned…

5 days ago

How to Stop Being Codependent with Family Members and Establish Healthy Family Boundaries

In family settings, love and loyalty are often expressed through acts of sacrifice. While these…

7 days ago

Is Astrology Reliable When Predicting Relationship Compatibility?

Can your zodiac sign really point you to your soulmate? Lots of people think so.…

1 week ago

How to Curate Your Social Media Feed for Personal Growth

Social media has been one of the most captivating developments of this world. Everpresent, everlasting,…

1 week ago

How Toxic Social Media Culture Harms Your Finances

In today's digital age, social media platforms can help you connect, be inspired, and even…

2 weeks ago

How Your Digital Persona Affects Mental Health

Over the last decade, digital spaces have evolved at a lightning-fast speed. Your digital persona…

2 weeks ago