Ways to Combat and Reduce Money Shame

Join our #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m ET. This week we discussed how to combat and reduce debt shame.

The panel included: Dr. Sean Stein Smith: CPA, CGMA, Assistant Professor at Lehman College (CUNY), columnist, and member of the AICPA Financial Literacy Commission; Joining our Twitter panel is Elaina Johannessen: Program Director at LSS Financial CounselingShannon McNay: Writer for Student Loan Hero; Rod Griffin: Director of Public Education at Experian; and Christina Roman: Social Media Specialist at Experian.

We also featured financial tips all week on Snapchat.

Questions We Discussed:

  • Q1: What is debt shame and where does it come from?
  • Q2: How is debt shame destructive?
  • Q3: Debt is not the only financial issue that causes shame. What other money issues can shame attach itself to?
  • Q4: What are some common internal scripts that perpetuate money shame?
  • Q5: How do we identify our money shame triggers, i.e. FOMO?
  • Q6: How do we begin to improve our relationship with money?
  • Q7: This is not a quick fix. How can we track our progress while combating money shame?
  • Q8: How do you approach a spouse or sig. other who is showing signs of money shame?
  • Q9: What resources are available for someone combating money shame?
  • Q10: What final tip do you have for someone living with money shame?


How Reliving Past Money Mistakes Hurts Your Financial Future via Wisebread
How to Stop Hating Yourself About Money and Actually Make Positive Changes via Wisebread

If you’ve never heard about #CreditChat, here is a brief overview:

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