Category: Personal Finance

Women and finance. It’s not a secret and we all are well too aware of it: Women lag behind men when it comes to their finances. Sadly, despite some of the glass ceilings that have come down over the recent years, financial inequalities between men and women continue to be a hot spot of major concern. I guess on the surface it may be puzzling for you to hear a man say it and that he would write about such a subject or even care about it. But I do care. It’s an important subject to understand and to make it change. So the discussion today is about how women can boost their financial power.

The Basic Facts

Many women try to do it all. They care for the kids, for aging parents, and even for their partners. With all these responsibilities, they try to earn money, be a great wife, and in the end, get totally stressed out along the way there. It creates an enormous amount of pressure that women didn’t face as recently as just 50 years ago. Ironically, the women’s liberation movement of the 1960s may have ended some problems, but invented new ones.

Wouldn’t it be just great if you could ask yourself a question like the one in the title of today’s post and get all the information and the answer you need to make a great financial decision? I guess first you need to know what questions to ask to find out the answer. That seems to be much more difficult than it appears and if you were to ask ten people that big question, you might get ten different answers. And they all may be right! Life is so confusing and so intimidating when you first start out on its highway, isn’t it?

If you actually ask yourself the right questions, then the answers come a lot more quickly and easily. The problem, however, is that sometimes we don’t ask the right questions or even worse, we don’t ask any questions at all and just let life take us down the highway all by itself. That’s dangerous and like riding in a car and traveling at high speed without any brakes! So let’s try to answer it: “What is the most important financial decision you’ll ever make?

I have blogged in the past about some specific no-no behaviors and money mistakes to avoid in life. They all are important to know and understand. But today I want to talk to you about some of the real basics of those mistakes, and how to avoid them.

Kids Do and Kids Learn

When you first were exposed to having some money in your life as a kid, it’s such a big deal that I bet you were just like I was. I held onto it as tight as I could, evaluating every single penny and how I would spend it.