How to Heal Your Relationship with Money: Rachel Duncan on Budget Burnout, Spending Addiction & Financial Compassion

Everyone's Talkin' Money

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2d ago 48:16

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Are budgets making you feel trapped instead of empowered? In this episode of Everyone’s Talkin’ Money, Shari sits down with Rachel Duncan, a financial therapist and founder of the Money Healing Club, to discuss why traditional budgeting often backfires — and how to break free from the binge-and-restrict cycle for good. Rachel reveals how emotional spending can spiral into spending addiction, why self-compassion is the missing link in most financial plans, and how to create a spending plan that actually aligns with your life.

You’ll hear:

Why Rachel believes traditional budgeting is a recipe for financial burnout

How to spot the emotional triggers behind spending addiction and take control

The real reason emotional spending can feel impossible to stop — and how to heal it

Rachel’s practical tips for building a spending plan that’s flexible, sustainable, and guilt-free

Ready to take the first step toward financial healing? Rachel is offering 50% off the Money Healing Club for all listeners for their first month. Just use the code TALKIN at MoneyHealingClub.com and start transforming your money mindset today.

You’ll walk away learning:

Rethinking budgeting can lead to financial peace.
Emotional triggers play a significant role in spending habits.
Flexibility in financial planning is crucial for success.
Understanding needs versus wants is essential for budgeting.
Spending addiction often stems from emotional triggers.
Self-compassion is a key skill in financial management.
Traditional budgeting methods can lead to burnout.
Planning for annual expenses can prevent financial stress.
Open conversations about money can reduce shame.
Creative solutions can help maintain social connections while spending less.

And don’t forget to connect with us on Instagram @everyonestalkinmoney for daily money mindset tips, behind-the-scenes content, and episode updates.

Tune in, take notes, and get ready to rethink your relationship with money. Because financial healing isn’t about restriction — it’s about building a plan that actually works for you.

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