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1.11 - Values and Budgets

Still Figuring It Out

Release Date: 01/01/2024

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More Episodes

Hosts:

๐ŸŽค Marc A. Pitman, CSP โ€“ Speaker, coach, and visionary wall demolisher
๐ŸŽค Emily Pitman โ€“ Systems and spaces designer, master planner


Episode Summary

In this episode of Still Figuring It Out, Emily and Marc Pitman take a deep dive into how budgeting can reflect personal values rather than just being a rigid financial framework. They share insights on shifting perspectives on money, the importance of intentionally categorizing expenses, and how small changesโ€”like renaming budget linesโ€”can make a big impact on financial mindset and family priorities.

Emily also reflects on her experiences post-brain surgery, discussing how it has influenced communication, memory, and even financial decision-making. Meanwhile, Marc explores the deeper emotional layers of budgeting, including the shame often associated with money and the power of reframing finances as a tool to serve life, rather than the other way around.

โœจ Whether you love numbers or avoid them at all costs, this episode offers a fresh take on budgeting that prioritizes values over spreadsheets.


โณ Timestamps & Key Topics:

  • [00:00:15] ๐ŸŠโ€โ™‚๏ธ A leap into the episode (and a nostalgic memory of kids jumping in the pool)
  • [00:00:34] ๐ŸŽ™๏ธ Welcome to Still Figuring It Out!
  • [00:01:09] ๐Ÿค” Brain freezes & word retrieval struggles post-brain surgery
  • [00:02:15] ๐Ÿ“Œ Defining values in finances: a budget should reflect what matters
  • [00:03:34] ๐Ÿ’ธ Shifting from traditional budget categories to values-based spending
  • [00:06:00] ๐Ÿฝ๏ธ Making room for "date nights" as a separate budget category
  • [00:07:43] ๐ŸŽญ The importance of hobbies and leisure in financial planning
  • [00:09:01] ๐Ÿก From โ€œhousingโ€ to โ€œhomeโ€ โ€“ why renaming categories matters
  • [00:14:55] ๐Ÿ’ฐ Addressing shame around money and learning to see it as a tool
  • [00:20:06] ๐ŸŽค Closing reflections: how budgeting serves our values, not vice versa

๐Ÿ”ฅ Key Takeaways:

โœ… Words Matter โ€“ Naming budget categories intentionally (e.g., "Health & Fitness" vs. "Medical Expenses") helps shape a positive financial mindset.
โœ… Budgeting = Prioritizing What Matters โ€“ If coffee outings or hobbies bring joy, they should have a dedicated place in your finances.
โœ… Money Should Serve You โ€“ Marc reflects on how his father taught him that money should serve us, not the other way around.
โœ… Family & Finances Evolve โ€“ Just like life, budgets should be adjusted to reflect current values, goals, and realities.


๐Ÿ“ข Notable Quotes:

๐Ÿ’ฌ "Budgeting isnโ€™t just about setting limits; itโ€™s about making space for what matters most." โ€“ Emily
๐Ÿ’ฌ "Our budget categories should be a reflection of our familyโ€™s identity, not just financial obligations." โ€“ Marc
๐Ÿ’ฌ "You can see what a person values by looking at their calendar and checkbook." โ€“ Marc


๐Ÿ’ฌ Join the Conversation! What budget categories reflect your values? Let us know!


๐ŸŒŸ Enjoyed this episode? Donโ€™t forget to subscribe, rate, and review to support the show! ๐Ÿš€

 

Thank you Lexi Moreno and Caleb Pitman composing / mixing / mastering / guitar / trumpet; Zoe bass