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The Saver and The Spender is a weekly podcast about money, saving, budgeting and debt from both perspectives.


Part 3 of a 6-part series on Cognitive Biases and how they impact us and our money each and every day!

Check out Part 1 and Part 2 of this 6 part series if you haven't yet!

It’s important to know what these are because they are impacting the way you make decisions and the way you think about your finances every single day. In this episode, we discuss how the Attentional bias is impacting the purchases we’re making but also the emphasis we place on those purchases as being life-savers.

In this episode we will cover:

  • Attentional bias - what it is and how it’s being used to affect my  decision-making
  • How this shows up on a regular basis for us
  • How it’s impacting the purchases we make and possibly leading to buyer’s remorse 
  • How we can overcome this bias

Steps to overcome Attentional Bias:

  • Solution 1: Talk to someone you trust about it. When you’re about to spend your hard-earned money on something, share it with the group or with me or with Jill so we can give you our opinions. We are not falling victim to attentional bias so even hearing what we have to say is important. It’s BEST if you can find someone who is “casually” interested in the item or industry you’re focusing on but not so interested they are biased.
  • Solution 2: Continue to do more research but in particular, search for negative reviews or criticism of that item. A negative review of an item can shatter that funhouse mirror quite effectively. It can bring me right back down to earth about an item and make me see that perhaps it would not be a good idea to spend a lot of money on that item.
  • Solution 3: Give yourself a longer waiting period before buying it. This is exactly why so many of you created “spending time frames” for your financial principles. Time is one of the most effective responses to attentional bias.
  • Solution 4: Consider the opportunity cost - what effect does this have on your goals and what can you NOT buy because you may buy this?
  • Solution 5: Try to focus on something else entirely and unrelated. If you want to buy a new dress, go hiking instead or go to the gym. If you want to buy some electronics, read a book. Do anything other than think of that thing you desire.



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Part 2 of a 6-part series on Cognitive Biases and how they impact us and our money each and every day! It’s important to know what these are because they are impacting the way you make decisions and the way you think about your finances every single day. In this episode, we discuss how the Availability Heuristic bias is impacting the way we think of ourselves as money managers

In this episode we'll talk about:

  • Availability Heuristic - what it is and how it’s being used to affect my  decision-making
  • How this shows up on a regular basis for us
  • How it’s impacting the way we think of ourselves as money managers
  • How we can overcome this bias

Additional strategies and tips:

  • ASK YOURSELF---> What do your older memories say about how you are as a money manager? What do your newer/more recent memories say about how you manage your money? How are you allowing these older memories to influence your current decisions? What decisions have you made recently without looking to statistics - or using your budget?
  • Surround yourself with people doing GOOD THINGS FINANCIALLY will actually lead you to believe it’s more likely to happen to you. Surround yourself with people doing BAD THINGS WITH MONEY will influence your belief around the likelihood that you will too.
  • Ask yourself if your fear or belief has any basis in statistics? This is also why we look at our budget to make a decision. If we have been in the repeated position on not being able to afford things, it is likely then that when we have to make a decision, we assume we will not be able to afford it - that’s the most likely outcome simply because we remember all the times we haven’t been able to afford it- they are emotionally more memorable than being able to buy something.

Resources/ links related to topic/ mentioned in podcast:

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John Lanza, is on a mission to help families raise money-smart and money-empowered kids so that they can live happier, more fulfilled lives.  To that end, he has written The ARt of Allowance along with three other children’s picture books. John is the creator and Chief Mammal of The Money Mammals, an award-winning DVD and youth savings account program for credit unions nationwide, all built around the core Money Mammals Mantra, “we’ll share and save and spend smart too!”


John’s mission began with a simple question “How can we raise our kids to be money smart?” He and his wife quickly realized that financial literacy was vital not only for their own six month old but for all families and The Money Mammals were born - a pioneering program to get kids excited about becoming money smart.


In this episode Kelsa and John talk about:

  • The best age to start doing an allowance?
  • Allowance vs chores as part of the family dynamic?  

  • What are the best ways to prepare kids for savings accounts, checking accounts and banking in general?
  • How can families who have been “overly generous” or giving allowance that aren’t associated with any responsibilities “right the ship”?

  • And much more

Resources/ links related to topic/ mentioned in the podcast:




Twitter: @themoneymammals

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Hypnotherapist, Financial Therapist and CEO of Presidential Lifestyle, Kiné Corder founded Prosperity Club when she realized couples needed help with more than just the numbers. A former Morgan Stanley, Financial Planning Specialist, Kiné made the shift to counselor about 5 years ago. Helping patients feel more confident in every area of their lives. She is also a best selling author, international speaker, and her favorite pastime is traveling the world while healing it.

In this episode Kelsa and Kiné talk about:

  • Where confidence comes from financial or otherwise...and how to keep it once you get it.
  • 3-things that cause us to lose confidence in ourselves, our partners, and our ability to stick to our love and money goals. Including how society, parents, and negative thinking affect us
    • Comparing
    • Complaining
    • Competing
  • Money cycle: earn, grow, protect, gift & enjoy
  • 4-blocks and misconceptions that cause the most love and money challenges.
    • Brain
    • Society
    • Social media feed
    • Secrets
  • 3 Actions they can start doing or stop doing to increase their confidence financially and romantically:
    • A - Assess (Become aware where you are and where you want to be)
    • C - Compliment (5 compliments to overcome 1 criticism)
    • T - Train your brain for change  


Resources/ links related to topic/ mentioned in podcast:

Links to freebies I'll mention on the show




IG: kinecorder.com/IG

FB: kinecorder.com/FB

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Mandyy Thomas, born and raised in Saskatchewan, Canada, is a former civil engineer and holistic nutritionist turned financial coach.  She found that she was so stressed worrying about money and had significant health and anxiety related issues.  She was able to significantly reduce her anxiety and improve her overall health with proper nutrition and learning as much as she can about personal finance.  This led her to have a passion for helping other people take control of their personal finances by becoming a financial coach. 

In this episode we talk about:

  • How exactly her stress about money showed up in her life, even though she was making good money
  • How she decided to become a financial coach and exactly what she did to become one
  • The mistakes she made when starting her financial coaching business
  • Her favorite tips for people that are stressing about money
  • And much more


You can find out more about Mandyy at:






Get her free download here:



Learn about the Financial Coach Academy she talked about here:




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In part 1 of a  6-part series, Kelsa discusses Cognitive Biases and how they impact us and our money each and every day! It’s important to know what these are because they are impacting the way you make decisions and the way you think about your finances every single day. And advertisers and retailers are fully aware of what these tendencies are and they’re using them to influence you.

Notes from episode/ summary of major points/ etc:

  • What is a cognitive bias?
  • The Anchoring Bias - what it is and how it’s being used to affect my decision making
  • Kelsa’s example of how this bias impacted a choice she made recently
  • How we can overcome the anchoring bias


Additional tips/ strategies/ other things to consider/ etc:

  • In order to combat the effect of anchoring, it’s important to put your own anchor to the amount of money you would otherwise spend = called self-anchoring. Use something like “# of hours if I spend $x” or “# of days my goal is delayed for $Y.”
  • Note that we can fall victim to anchoring when we’re faced with a decision we know very little about - so the first time buying an electronic, etc. That’s why research and price-comparison shopping comes into play b/c you are challenging the anchor.
  • A good strategy for determining if a sale price is a good deal is to mentally block out the regular list price. Does it still represent a good deal for the item, for you, and for your budget? This can be hard to do if you’ve already seen the list price but try it anyway. This approach can help you view the price of “great deal” purchases more realistically.


Resources/ links related to topic/ mentioned in podcast:

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There comes a point where most everyone gets fed up with their financial situation.  They keep over-drafting their checking account (like Michael did in grad school) or they just can't believe the amount of debt they are in and want it out of their life.  Or really any number of things.  

This episode was recorded on January 4th so if you have a new year's resolution to get your finances in order, get on a budget, get out of debt or beef up your savings, this is the episode for you!  If you have had that watershed moment when you realize your finances have stressed you out for too long and want to know where to start, this is the episode for you!

We go through, step by step, how you start to address your finances when you can't take anymore. We also talk about what people typically do and why it sets them up for failure 85% of the time!

Learn more about Fiscal Fitness Phoenix financial coach at www.fiscalfitnessphx.com

Learn more about becoming a Financial Coach at www.financialcoachacademy.com


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Research shows that resolutions are largely ineffective for making positive,
sustainable change. Twenty five percent of people break resolutions within
one week and sixty five percent break them within weeks. Selecting a word
of the year can help us to embrace a larger vision that feels expansive and

A single word is easier to remember than a whole list of goals and
resolution. Your “word of the year” anchors your daily life, helps you focus,
guides the work you do, choices you make.

Benefits of choosing one word:

1. Can feel more expansive than goals or resolutions
2. Can feel more inspirational vs instructional
3. Especially great for people who do not do well with structure, deadlines, or
too many rules
4. Allows one to adjust their goals and resolutions as the year goes on –
things can happen and change and having a single word can give you the
flexibility you need
5. By having one word to guide my year, I found it easier to create goals and
resolutions that aligned my whole approach for the year

My “word of the year”anchors my daily life.

It helps me focus.

It guides the work I do, the choices I make, and the way I navigate my everyday. When I feel adrift, I remember my word of the year and come back to myself & my goals


Steps to find your Word of the Year for 2019

1. Reflect on areas of your life:
Your wellbeing
Your career/business
Your family
Your health
Work/life balance

2. Reflect on the type of person you want to become
Dive deep into your soul

3. What are the characteristics of the person you want to become?

4. What do I want to change or gain in my life?
What is one thing I'd change about my life?
What is one thing I'd change about the way I spend my day?

5. Find a quote (or multiple) that embodies this word.

6. Trust your intuition
You don’t necessarily have to labor over this decision; you likely don’t need
to turn this over in your mind a thousand times.


7. Now consider how you can apply this word to your whole life “Supported”’ at home means something different than “supported” in your professional life. And “connected” to your body is different than being “connected” to your partner.

How does your word apply in the context of work? At home? Does it affect the way you move your body or the choices you make around food? Will it change the way you use technology?

When you take the time to imagine the way your word applies to all the
areas of your life, you’re ready to make that word happen—everywhere

8. Fortify Your ONE WORD With Visibility, Repetition And Accountability

Ideas and inspiration

Improve – Begin – Challenge – Wellness – Balance – Courage – Creativity –
Evolve – Change – Heal – Release – Grow – Begin – Finish – Health – Truth
– Expansion – Abundance – Connect – Abundant – Aligned – Balanced –
Bliss – Congruent – Consistent – Creative – Depth – Desire – Devout –
Divine – Educated – Enlightened – Fit – Forgiving – Free – Free-Spirited
Game-Changing – Giving – Glowing – Gracious – Grateful – Gratitude –
Happy – Healthy – Honest – Humbled – Journey – Joyful – Laser-Focused –
Loving – Mindful Of Service – Open – Passion – Peaceful – Radiant – Sassy
– Savvy – Sexy – Sexy – Smart – Soulful – Sparkle – Spiritual – Strong –
Tenacious – Truth – Unstoppable – Vibrant – Wellness – Whole – Freedom
– Revitalize – Complete – Whole – Design


Music by Antti Luode

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We all have some kind of goals with our money and since we are getting close to New Year's resolution season it's time to start to get clear with the goals we have for our money.

The problem that most people have is that once they set a goal they don't actually follow through with it and actually fail almost right out of the gate.  According to U.S. News, 80% of new years resolutions fail by February. 

In this episode, Coach Jill has some great tips and strategies on how you can take you money goals and make them long lasting habits.


Rich Roll podcast: James Clear




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Jennifer McDermott is the Consumer Advocate at personal finance comparison website, www.finder.com. She has more than 12 years’ experience under her belt in the finance, lifestyle and travel industries where she’s analyzed consumer trends. Jennifer is passionate about breaking down complex themes and providing actionable advice that empowers people to make better decisions about their money.

In today's episode Jennifer helps break down side hustles:  How to choose the right one for you. How to know when to quit. When you should start one.  And much more!




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