BONUS: We need to talk about Girl Math

08/29/23 • 28 min

Hey everyone, welcome to this rustic AF episode of The Broke Generation Podcast where I basically record as though I'm leaving an unfiltered voice note in your Whatsapp. Okay, I edited out some coughs and sneezes, but otherwise it's a total brain dump, so, go easy on me!

In this chat I dive into the phenomenon that is GIRL MATH, and breakdown what I like about it, what I don't, and how it's affecting the conversation around women's finances.

Highlights:

Is Girl Math purchase assessment, or just justification?
Men and women both treat themselves – but is that where the similarities end?
Women's purchase decisions are inherently different than men's, but not because we're frivolous.
Why we need to learn to SPEND money as well as save it, invest it and earn it – and why this bit is so commonly missed out of financial education.
A new set of criteria to replace Girl Math that can actually help you make better decisions.

Mentioned in this episode:

My Financial Values workbook. Grab your free copy by signing up to my weekly newsletter, The Glue. Head to www.thebrokegeneration.com/subscribe to sign up for free.

See omnystudio.com/listener for privacy information.

In this chat I dive into the phenomenon that is GIRL MATH, and breakdown what I like about it, what I don't, and how it's affecting the conversation around women's finances.

Highlights:

Is Girl Math purchase assessment, or just justification?
Men and women both treat themselves – but is that where the similarities end?
Women's purchase decisions are inherently different than men's, but not because we're frivolous.
Why we need to learn to SPEND money as well as save it, invest it and earn it – and why this bit is so commonly missed out of financial education.
A new set of criteria to replace Girl Math that can actually help you make better decisions.

Mentioned in this episode:

My Financial Values workbook. Grab your free copy by signing up to my weekly newsletter, The Glue. Head to www.thebrokegeneration.com/subscribe to sign up for free.

See omnystudio.com/listener for privacy information.

Previous Episode

Using critical thinking to make better decisions, with Annie McCubbin

In this episode, I had the pleasure of chatting with corporate development and communication consultant Annie McCubbin. Annie’s work centres on exploring the intersections of critical thinking, and decision-making, and their role in protecting our lives from unnecessary conflict and self-sabotage.

Annie sheds light on the fascinating ways our minds work and how narratives can often outweigh facts. We delve into topics like confirmation bias, illusion of transparency, and spotlight effect—common pitfalls in decision-making. The episode also addresses why even seemingly 'smart women' fall for wellness trends and MLMs (multi-level marketing schemes).

This conversation was an eye-opening journey into understanding the complexities of human thought processes and the importance of critical thinking in our (mis)information-rich and marketing-driven world.

Annie has also written two fantastic books; "Why Smart Women Make Bad Decisions" and "Why Smart Women Buy the Lies." You can find links on where to buy them below.

Episode highlights:

The importance of critical thinking and the need to question our own thought processes, so we can be aware of biases.
Brush up on some psychological lingo, like the spotlight effect and illusion of transparency. These concepts highlight how people tend to overestimate how much others notice or care about their behaviour or emotions.
How external factors shape opportunities, and the importance of not only acknowledging privilege, but also plain ol’ luck!

We make most of our decisions in the limbic system part of our brains, and then we post rationalise them. So intelligence and high intelligence is absolutely no protection against being vulnerable to being lied to, scammed, tricked, duped any of it.Annie [08:11]

The reason I put women in the title [of my books] is that I think that women are very much given the message that their intuition is king or queen and that whatever they're intuitively feeling must be right, because somehow it's some repository of deep spiritual truth. And I categorically disagree with that.Annie [08:35]

Narratives have much more impact on the brain than facts. We grow up with stories. It's how we calibrate the world. How we understand things is through stories.Annie [15:37]

Where to find Annie McCubbin

Website: https://anniemccubbin.com/

Buy Annie’s book through her website for a signed copy: https://coup.college/product/why-smart-women-make-bad-decisions/ & https://coup.college/product/why-smart-women-buy-the-lies/

Where to find The Broke Generation

Website: https://thebrokegeneration.com/?v=518f4a738816

Instagram: https://instagram.com/the.brokegeneration

TikTok: @the.brokegeneration

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

Beyond the Self, by Africa Brooke is a podcast mentioned during the show: https://africabrooke.com/podcast

See omnystudio.com/listener for privacy information.

Next Episode

6 things I'm currently working on in my money mindset

In this episode, I'm going solo to share some key areas of my finances that I’m working on at the moment, as I navigate full-time self-employment. This new phase has prompted me to reconsider my money mindset, as it’s no longer just my personal finances I have to consider, it’s also my businesses. I’m unpacking how easy it is to fall into the comparison trap, and discuss what I’m doing to manage my financial behaviour - my wardrobe freeze is still going strong, and it’s led to some unexpected revelations! I also talk about a recent unexpected expense that's testing my approach to scarcity and scarcity mindsets, and learning to separate practical solutions from emotional responses. I have so many thoughts and ideas swirling around at the moment, and I’ve found it’s essential to evolve my financial mindset to align with changing circumstances. Have a listen and let me know over on Instagram if you’ve had any recent mindset changes!

Episode highlights:

Adapting to self-employment and shifting money beliefs, working hard doesn't always equate to making more money as when you’re self-employed,
How I’m navigating financial ups and downs, highlighting the psychological toll of financial comparison and the need to find a balance between personal progress and external benchmarks,
My current financial goals and challenges, such as saving for a honeymoon, upgrading our car, and managing my financial behaviour during busy periods.

Where to find The Broke Generation

Website: https://thebrokegeneration.com/?v=518f4a738816

Instagram: https://instagram.com/the.brokegeneration

TikTok: @the.brokegeneration

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

See omnystudio.com/listener for privacy information.