This week we are talking with Ericka Young. Ericka Young is the president and founder of Tailor-Made Budgets which she opened in 2005 after she and her husband Chris climbed their way out of nearly $100,000 in debt. She became a certified financial coach by Dave Ramsey’s Lampo Group in 2006 and combines her passion for helping people with creative debt reduction techniques so everyone can have a path to financial freedom.  Ericka is a recognized financial expert who inspires people to significantly improve their finances, family and their future with a solid plan. Ericka’s Best-Selling book, “Naked and Unashamed: 10 Money Conversations Every Couple Must Have” was released online in February 2017 worldwide. She currently teaches her message of debt freedom through her e-newsletters, personal and group coaching, workshops and speaking engagements.  Ericka, Chris and their two teenage daughters reside in Fishers, IN. Ericka shares there is nothing that can prepare you for parenting teens, how goals can lead to successful budgeting, and the importance of open communication with your partner.  

 

Listen as Ericka shares how: 

  • Parenting teenagers have less resources than toddlers.
  • She has learned to “let go”.
  • She’s adjusted to having one child out of the home at college.
  • She and her husband got out of $100,000 debt in 5 years.
  • It’s possible to get out of debt by outlining goals.
  • Importance of communicating with your partner about money.
  • Looking back on your expenses to create a budget is key.
  • Tips to raising financially responsible children.
  • Introducing the concept of savings to young children.
  • To recover from overspending.
  • Setting small goals can get you a long way.

 

QUOTABLES:

“My role is now a guide, a mentor, an encourager versus the teacher & the disciplinarian.” – Ericka Young

 

It doesn’t matter if you have a budget if you have no goal.  That’s futile. Goals make the budget stick.” – Ericka Young

 

“People think ‘I’m certain I have enough money to make my life work.’ You probably do. And the reason you don’t have the life that you want in reaching your goals is because you aren’t being realistic about your spending.” – Ericka Young

 

“We want to raise financially aware and responsible young people that can handle funds and not use yours.” – Ericka Young

 

LINKS FROM SHOW:

7 Day Money Challenge

 

MORE FROM ERICKA

Ericka’s Website: Tailor-Made Budgets

7 Day Money Challenge

Follow Ericka on Twitter

Follow Ericka on Facebook

Follow Ericka on Instagram

 

MORE FROM MOM DECONSTRUCTED:

Support this podcast on Patreon. 

Leave a review on iTunes here.

Sign up for our newsletter here.

Follow Mom Deconstructed on Facebook.

Follow Mom Deconstructed on Instagram.

Follow Mom Deconstructed on Twitter.

 

MORE FROM KATE:

Kate Turza, Postpartum Doula

Follow Kate on Facebook

Join Kate’s Facebook Group, Reality Tykes

 

MORE FROM LIZ:

Mom…In The Works

Follow Liz on Facebook

Follow Liz on Instagram

 

SPONSORS:

Crate Joy

Real Plans

Patreon: This podcast is made possible by listeners, like you.  We believe that community is key to motherhood, we invite you to consider joining our Patreon community and supporting us with a monthly donation on our page: www.patreon.com/momdeconstructed.  

 

If you would like to become one of our sponsors visit: www.momdeconstructed.com/advertising and start the conversation!

 

All our sponsor offers are available on our website.  To get all the discounts and perks go to www.momdeconstructed.com/sponsors