Reduce Debt with the Heart of Money E-Course - Journey to SAHM (2024)

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This post is sponsored by Zena Amundsen and The Heart of Your Money e-course. All opinions and content are my own and have not been altered due to any compensation or product received.

Finding ways to reduce debt can be a challenge. You hear so many stories about how you can’t save unless you cut out X, Y, and Z, but is that really the answer? Is there one cookie cutter answer to cut everyone’s debt while keeping them happy? I had the chance to review Zena’s Heart of Money Course to help reduce debt. Find out about the course and if it will really help your finances be in a better place.

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How to Reduce Debt with the Heart of Money Course

The Heart of Your Money e-course is a 6-week course to set you up for success financially by changing your relationship with money. It’s geared toward those who want to be in control of their finances, reduce debt, or even just create a better connection with money.

As a mom it’s normal to feel like you’re holding up your whole family while keeping your finances in order. It can feel overwhelming and sometimes you can even feel like you’re out of control with your finances. Nothing feels better than creating a stable environment financially and feel happy about where you are.

About the Course

The course starts with your past, how you view money, and works you up to your future focusing on your family’s priorities. Every week you receive an approximate 15-minute video explaining what you’re focusing on for the week along with 1-3 different worksheet exercises to personalize your experience with the course.

It focuses on your own personal finances and outlook on money as opposed to the universal standard. It makes the change for you, not just how the change should happen.

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When I started the Heart of Your Money e-course, I expected the normal “stop spending money” speeches everyone is used to. I was surprised to see it wasn’t. There’s no giving up your coffee at your favorite café if it’s what get you through the morning. There’s no giving up cable if you need to watch sports (yep, that’s me!). It’s tailored to you.

It digs into your past and sees where your view of money originates from. The best part? There is no budget. The word doesn’t exist in her course. You will learn how to create your own cash flow to control the money coming in and out of your house the way you would like it, not the way society thinks it should when you work to reduce debt.

Who This Course is For

This course is for those looking to find a financial balance in their life. To feel stable when it comes to money and understand what’s important to them when it comes to money. The course is for those willing to make a great effort in making a change and getting the whole family on board as well.

Who Shouldn’t Buy the Course

This course is not for anyone who thinks becoming financially stable is easy. It takes work. There is no one answer for everyone, so it can be challenging to find a cash flow that works for your family. If you’re not willing to work for it, this course is not for you. You will not find success with your debt unless you put 110% effort in and your family supports you in the decision.

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My Thoughts

I enjoyed how inspiring Zena was throughout the entire course. She is so optimistic you can control your money and feel happy about it. She is also very down to earth. I am sick of every course and book about money telling you to do no spend challenges or giving up what is important to you.

One blanket statement cannot be made for each person when it comes to your finances. It needs to be personalized to your family, what they need, and what they enjoy.

My one drawback of the Heart of Money e-course is the cost. It’s hard to come up with extra funds when what you’re trying to do in the first place is save money. Changes take effort and if someone buys this course without the motivation and determination to make a change, they will lose out on not only the money, but also the resources supplied in the course.

It can also be tough to navigate the course without pure motivation. You could fill out the worksheets with skin deep information and learn nothing or take the extra time to really think about your financial abilities to make a change.

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A Freebie for My Readers

I have some great news! Zena is offering Journey to SAHM readers access to her FREE Holiday Savings Challenge. Talk about an amazing deal! Sign up to learn how to control your finances and feel comfortable when looking at your bank account, especially around the holiday season.

Reduce Debt with the Heart of Money E-Course - Journey to SAHM (2024)

FAQs

How to financially prepare to be a stay at home mom? ›

Review Your Expenses

"First, look at your monthly income after taxes, as well as your partner's, in order to figure out what you're working with. From there, get a clear, comprehensive grasp on your expenses." When totaling up your expenses, be sure to include everything, including but not limited to: Mortgage or rent.

How much money to make to be a stay at home mom? ›

For example, Insure.com figures the wage a mom should earn for the 18 or so jobs she must tackle throughout the day is $126,725 in 2022, which is 9.2% higher than last year's findings of $116,022. And according to Salary.com's Annual Mom Salary Survey from May 2021, moms should be paid even more — $184,820.

Is becoming a stay at home mom worth it? ›

And while being a SAHM certainly has some hearty challenges, many moms thrive in the role—and there's no doubt that it comes with some innate rewards and benefits. SAHMs can be more present (literally and figuratively) for the big and small moments of their little ones' lives.

How to do 50/30/20? ›

Key Takeaways
  1. The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do.
  2. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

How do stay-at-home moms protect themselves financially? ›

Here are the 5 things every stay at home spouse needs to do to protect themselves financially:
  1. Save for Retirement. Most retirement accounts are tied to a job. ...
  2. Get Life Insurance. ...
  3. Get It In Writing. ...
  4. Understand Disability Insurance. ...
  5. Hone Skills & Consider Part-Time Work.

How can a stay at home mom make $2,000 a month? ›

  1. 4 Simple Gigs: Turning Stay-at-Home Moms into $2000 Monthly Earners. ...
  2. Start a Blog and Get Paid to Write About Your Passions. ...
  3. Managing Social Media Allows You to Work From Anywhere. ...
  4. Unleash Your Creativity as a Freelance Graphic Designer. ...
  5. Build and Design Websites for Businesses From Home.
Jan 24, 2024

How can a stay at home mom make $500 a month? ›

15 Ways to Make Money as a Stay-At-Home Mom
  1. Start a Print-On-Demand Business.
  2. Try Affiliate Marketing.
  3. Become a Digital Expert.
  4. Sell an Online Course.
  5. Become a Virtual Tutor.
  6. Give Babysitting a Go.
  7. Sell Items You Don't Need.
  8. Flip Items.

How to survive on one income? ›

Tips for Making One Income Work
  1. Update your budget. ...
  2. Make savings work for you. ...
  3. Reduce monthly bill amounts. ...
  4. Look into unemployment benefits. ...
  5. Pay down debt. ...
  6. Seek out low-cost activities. ...
  7. Plan meals to cut food costs. ...
  8. Tap into your emergency fund.

How much would a stay at home mom make in 2024? ›

As of Apr 27, 2024, the average hourly pay for a Stay Home Mom in the United States is $16.32 an hour.

Are kids happier with a stay-at-home parent? ›

Some studies report that children in day care environments may experience higher levels of cortisol, the stress hormone, than children who receive care from a full-time stay-at-home parent. One study showed 63% of children in day care experienced stress increases while in daycare compared to their levels at home.

Do kids with stay-at-home moms do better in life? ›

Some studies link childcare with increased behavioral problems and suggest that being at home with your children offers benefits to their development compared with them being in being in childcare full-time.

Are children of stay-at-home moms happier? ›

According to a recent Harvard Research Study that provides data from two cross-national social surveys of more than 100,000 men and women from 29 countries, working moms can breathe a sigh of relief – evidence suggests that children of working moms grow up to be just as happy as children of stay-at-home moms.

Is $4000 a good savings? ›

Are you approaching 30? How much money do you have saved? According to CNN Money, someone between the ages of 25 and 30, who makes around $40,000 a year, should have at least $4,000 saved.

What is the 1 3 rule for savings? ›

The rule is that a third of your take-home income should be used towards your home, a third for living expenses, and the last third should be for savings and investments.

What is the 75 15 10 rule? ›

In his free webinar last week, Market Briefs CEO Jaspreet Singh alerted me to a variation: the popular 75-15-10 rule. Singh called it leading your money. This iteration calls for you to put 75% of after-tax income to daily expenses, 15% to investing and 10% to savings.

What is the average stay at home mom? ›

The median annual salary for stay-at-home moms this past year is $184,820 – rising $6,619 above the pre-pandemic median.

Can I afford to have a baby? ›

Lower-income families can spend nearly 10% of their income on housing a child, while for middle-income families, this cost is around 5%, according to the USDA. No matter their income, families need to spend more on food as their children age, and these costs can account for roughly 18% of childcare costs.

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