Money Mindset Shifts We All Need to work On – EP 139

Perspective and our own internal narrative represents one of our biggest barriers to achieving financial goals. On this episode we are exploring some of the most common limiting beliefs and how to shift our mindset and thought patterns to see real progress along our frugal journey.


  • Frugal Friends Workbook. If you’re starting to think about how you’re going to do better with your finances in the new year but you already know you’re not going to make acomplete 180 degree life change then check out The Frugal Friends Workbook. It’s a digital workbook with 6 week-long challenges that turn improving your finances into a game. In addition to the challenges you’ll get 60 pages of teaching and implementation guidance and while it can be completed on your own, it’s created to be gone through in pairs or small groups that’s why every purchase comes with two downloads. Head to to learn more and use the code TACOBELL (all one word) to get $10 off the regular price.
  • Childhood. Ah that nostalgic period where you may have had to make your bed but you didn’t have to pay bills. Your childhood wants you to know that you may be an adult but it’s still around. Creepin in the crevices of your brain, waiting until an Nsync song comes on the radio or you see 90’s fashion come back in style. Everything else was a dumpster fire this year why not fashion too? Like fashion, you may have thought you had good ideas at the time but learned later that you were wrong. So let your childhood remind you that thoughts are flexible and you can change them at anytime. Childhood, the things you thought when you were 7, 17, or even 27 may not be accurate today.   

Notable Notes:

What the Internet has to say:

This article from Business Insider provides us with a list of common negative thoughts about money.

What Jen + Jill have to say:

  • 1. “I don’t make enough to save’
  • 5. ‘I will never pay off my school loans’
  • 6 – i will never make as much as ‘so-and-ao’
  • 7. I will only make so much money in my field
  • 10. Money is bad
  • 11- not checking credit card/budget because I don’t want to know
  • 12. i’ve made too many money mistakes to ever recover

More from the Internet:

This article from Psychology Today provides us with a few simple steps to identify and step out of limiting beliefs.

More from Jen + Jill:

  • List of common cognitive distortions at Psych Central
  • 1. Identify and write out what your limiting belief or cognitive is
  • 2. Acknowledge that the limiting belief is not truth
  • 3. Try out a different belief by replacing the limiting belief with something more beneficial and helpful
  • 4. Choose a different action associated with the new thought

BILL OF THE WEEK – Thank you Allison for sharing your bill about non-routine expenses and how you save for it monthly

If you want to submit your bill of the week visit to leave us a bill

This bill is sponsored by FundRise – An investing platform that makes investing in high-quality, high-potential real estate as easy as investing in mutual funds. Their team of real estate professionals carefully vets and actively manages all of their real estate projects. And makes it easy to track your portfolio’s performance and watch as properties across the country are acquired, improved, and operated via asset updates. So if you want to add real estate to your portfolio visit to get your first NINETY days of advisory fees waived and start building your better portfolio with Fundrise today!

Lightning Round

Our limiting beliefs and how we overcame/ are working on them

  • Jill- ‘i’m poor’ – recognizing what real poverty is and looking at reality and where I want to be
  • Jen–  scarcity mindset. My worth is tied to my income.


Thanks so much for listening! Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to AND share our most recent episode on social for a chance to win a copy of the Frugal Friends Workbook!

Thanks for listening! See you next week!

More To Explore

Free Hot Dawgs!

Happy Monday, y’all!  Most of you know that I (Kim) am from the Midwest. As such, there are about zero things to do besides hit

Read More »