Continuing the ‘financial taboo’ tradition
Try this little experiment. In a group of friends start a discussion around finances – you pick the topic; it can be on savings, spending, retirement planning or budgeting. It is amazing but what you will notice are uncomfortable looks and a quick change of subject. It just isn’t “Lady Like” to talk about such things.
So don’t be surprised when more women than men are behind in saving for retirement or find that their standard of living has significantly dropped after a divorce. So what can we do as women to correct this mistake? Talk, support and encourage other women when it comes to money! And if you have children, spend time talking about how money works: why you save for purchases, how good credit allows you to pay less overall, and why it is good to plan for the future. You can even share how much you pay for the rent/mortgage, food, etc. and how to make the best choices when shopping.