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.
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.
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.
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:
You can also subscribe and listen to the show on your preferred podcasting platforms:
Society often associates the term' burnout’ with aspects such as work and education. However, women…
You’ve just finished cooking, and the spices need to be returned to a cabinet above…
Picture this: you walk into your home after a hard day, kick off your shoes,…
In today’s digital age, teenagers are growing up in both physical and digital communities. Their…
It’s early morning. The alarm buzzes. The day begins with you and your child waking…
Dating can feel like a guessing game. You wonder what the other person wants. You…