The 30-year-old creators of ‘Cents in the City’ say your money habits matter more than the math – DIGIWIZ CENTRAL

The 30-year-old creators of ‘Cents in the City’ say your money habits matter more than the math

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Olayinka Sarayi, left, and Fredia Lucas, right, are the creators of podcast “Cents and the City.”

Courtesy of Olayinka Sarayi and Fredia Lucas.

Cents and the City is a new scripted podcast that follows a “broke bestie” living in New York City.The creators say our habits have more of an impact on our finances than the money in our bank account.Good habits aren’t built overnight, and there’s no shame in making mistakes. 

Every week, JoJo faces a financial challenge — and you can follow along as she resolves it.

Cents and the City, a new podcast from Spotify, follows the dreams, hopes and financial misadventures of fictional JoJo, a self-described “broke bestie living and working in New York City, trying to figure out her finances while staying fabulous and without becoming an incredible bore.”

Each week a financial expert appears on the show and dispenses innovative how-tos by having a conversation with JoJo about where she is with her money at that moment.

In episodes that present like scripted television instead of staid advice, JoJo tackles a different financial issue: overspending, paying rent, unexpected dental expenses, saving, and even being a broke bridesmaid.

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Money is more about habits than dollars

Creator Olayinka Sarayi, 30, and supervising creative producer Fredia Lucas, 30, have worked to make the podcast easy to listen to and to make sure that the tone isn’t based in finding fault. Successful management of your personal finances is learned behavior, they explain, and is very much based in your financial habits and awareness.

Many people think that their issue with money is that they don’t have enough of it. Sarayi disagrees. “You could have a million dollars, but if you don’t know how to handle it or you do not have good financial habits in place, you will still live paycheck to paycheck.”

Every financial challenge JoJo experiences is a result of her habits. Lucas tells Insider, “we wanted to show the consequences of JoJo not having an emergency fund, not having a full understanding of her dental insurance, overspending and not saving, and not planning financially.”

She continues: “Each financial expert we selected focused on her choices and how she was handling her finances without necessarily blaming her. She is definitely responsible for her actions, but our habits define us and it takes work to change them.”

Our financial habits are the standards, routines, and practices that we rely on to navigate our day-to-day financial lives. But these habits are not developed overnight. “Each week JoJo has a money challenge, learns the lesson, and takes the steps to change her financial behavior so she is not in that situation again. That is the important part, that she takes the steps to change her financial habits,” Lucas says.

“It was important that we positioned JoJo as new to New York and newly working and that she is learning these financial lessons bit by bit, just like most people do,” Sarayi says. “We also didn’t make it seem like she had all of this financial knowledge already, even though she is well-educated, because most people don’t. And we wanted to show that she didn’t have the financial knowledge and that she built her financial habits around that — and that is what has gotten her into trouble.”

Sarayi and Lucas agree that the intent of their personal finance podcast is to show that money is a journey and you should be unapologetic about where you are in yours. “Building good financial habits takes time,” says Sarayi, “and for many of us, it does not happen overnight.”

Lucas wants the podcast to encourage its audience. “Hopefully the podcast does double duty by giving great financial advice, but also showing people that we all have financial challenges and that’s ok as long as you work to do better.”

Read the original article on Business Insider
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