Money Matters & Budgeting with Jenifer Parker The Connected Yoga Teacher Podcast

The Connected Yoga Teacher Podcast
367: Money Matters & Budgeting with Jenifer Parker 
 
Description: How do you feel about budgeting and money as a yoga teacher? What is your system for tracking income and expenses – is it working? How can you decrease your expenses and/or increase your income? These are some questions Jennifer Parker answers in this insightful money conversation.
 
Jenifer Parker has been a yoga teacher for more than 21 years and is a qualified instructor in 4 lineages: Kripalu, Sivananda, Krishnamacharya, and Thai Yoga. She meets students where they are, teaching a traditional, integrated approach. In general she teaches within the Krishnamacharya lineage, but offers a unique insight into the similarities and differences in practice across lineages. Currently, she offers private lessons, corporate and private group classes, and a few public community classes in Te-Whanganui-a-Tara, Aotearoa (Wellington, New Zealand).
 
In this episode, Shannon and Jennifer dive deeper into money matters and budgeting for yoga teachers. Jennifer explains how to get consistent with our budgeting, how to adapt it to our needs and our yoga business, and why it’s so important for yoga teachers. She also shares some ideas on how to make more money as a yoga teacher and tackles some big mindset blocks yoga teachers may face when it comes to money issues.
 
Key Takeaways: [0:28] Shannon takes a moment to recognize the harm that is taking place in Palestine right now.
[4:13] Shannon briefly talks about her topic and guest for the episode.
[5:15] Shannon introduces herself and gives a shout out to the sponsors, OfferingTree and Pelvic Health Professionals.
[8:47] Kathleen Pratt shares a little about the ongoing online yoga series, Nourish Your Nervous System.
[10:13] Shannon introduces her guest for this episode - Jennifer Parker.
[15:49] What does Jennifer do and who does she do it for?
[18:36] Jennifer shares a little about where she is located.
[19:44] Why is Jennifer so passionate about talking about money in relation to teaching yoga and being a yoga teacher?
[25:47] What are Jennifer's thoughts on budgets?
[32:04] What kind of tools does Jennifer use when it comes to creating a budget?
[34:08] What actions does Jennifer take when she's looking at her budget every week?
[37:26] Jennifer shares some tips that can help with the mindset part of creating and following a budget.
[40:34] What are some ideas for yoga teachers to make more money?
[46:49] Having a clear goal in mind will help you move in the right direction.
[48:23] Shannon pops in to give a shout out of thanks to sponsor, OfferingTree.
[51:21] What are some other ideas for making money within yoga?
[58:17] Jennifer recommends talking to your landlord about subdividing the physical space you are using for yoga classes if the rent has gone up.
[62:23] We have to get comfortable talking about money!
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[63:18] Jennifer's advice is to tap into your networks.
[74:37] Shannon shares some reflection questions you can journal on.
[75:37 - 75:50] Questions:
[78:42] Shannon shares an audio message from a podcast listener.
[81:11] Support the podcast by making a donation or signing up for one of the offerings!
 
Links: Jennifer Parker
Previous Podcast Episodes on Money
366: Get Okay with Making Money with Chioma Njoku 
330: Connect with Your Money with Shannon Crow
295: Make Money Teaching Yoga with Betty Welsh
280: Get Paid as a Yoga Teacher with Shannon Simmons
141: Let’s Talk Money with Katie Brauer
042: Money Mindset with Geraldine Carter
154: Bookkeeping for Yoga Teachers with Kelly Christian
329: Why Separate Bank Accounts? with Shannon Crow
Mint: Budget Tracker & Planner
Nourish Your Nervous System, 6-Week Online Series with Kathleen Pratt in Pelvic Health Professionals
Guest Speakers in P