Women’s Personal Finance: Wednesday Roundup April 13, 2022

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Welcome to the Women’s Personal Finance Wednesday Roundup! We started this series back in 2018 on TreadLightlyRetireEarly.com to showcase the fabulous women in the online personal finance community who are talking about money online. Even now, there is a perception that women aren’t good with money, don’t care about money, or don’t understand it on a granular level beyond perhaps knowing how to coupon and score a good shopping deal.

These roundups are our way of doing a small part to change that perception. There is no shortage of women online doing their part to make it clear that they DO understand money, and these posts are meant to amplify that fact.

Why does it matter? Because representation matters. Because reading and hearing stories from those who (may or may not) look like us show us that yes, we too can figure out this money thing, that we too have important stories to tell. And that we too know quite a lot about money and are experts worth listening to.

Since Women’s Personal Finance has grown up to get its own website, it’s time to transition these roundups over here to the dedicated website. Same great content, new home!

Our Women’s Personal Finance Facebook group on Facebook also has a sharing thread on Fridays, and that’s the place to read all the blog posts written by members over the previous week. If you’re looking for more articles written by women, that’s a great place to continue reading (plus we have plenty of great discussions on finances the rest of the week as well!).

If you don’t have the time or inclination to go searching down myriad posts, though, we will be continuing this series every week to showcase some of the best of the new content we read. If you ever read a post you think we absolutely need to consider for this roundup, please let us know! We are always open to reading new blogs and want to celebrate those newer voices as well as the more seasoned ones.

And with that, here is the best (in our opinion) content by women and nonbinary folks this past week. Let us know what you think in the comments! We love discussion.

Women’s Personal Finance Weekly Roundup #42 (Actually, 181)

1. Saving and investing in pre-apocalyptic times Elizabeth Tai

“Life can turn on you quickly.

And you have no control over it.

So knowing all this, saving and investing during uncertain times is like walking down a dark corridor, your life’s possessions in your hands, and you warily watching for invisible hands that are waiting to grab it from you.

There’s a part of me that wants to say, “F*** it,” quit my job and just spend my days watching Netflix, reading trashy romance novels and drinking artisan coffee.

But there’s another part of me that is telling me: “Hold on. The life you’re building is worth fighting for.”

2. Credit Unions vs Banks: What’s The Difference? I Like To Dabble

“Everyone needs a place to store their money.

Make sure you choose a trusted financial institution when considering where to stash your change, either a credit union or a bank. But what’s the difference between those 2 and which one is best for you?

Could 1 be cheaper than the other for you in the long run?

Does having a branch location matter to you?

Do you care that your fees are going towards a community of members or for a bank to just make more money?

Whether you’re looking around for the first time, or you’re a seasoned veteran looking to open another account, you’ll want to know the difference between a bank and a credit union before you make your decision. “

3. How to Painlessly Run the Gauntlet of a 401k Rollover Bitches Get Riches

*This one is a special pick due to lots of love from WPF Insiders on Discord. We’ve had members use this guide themselves and rave about how clearly the process is laid out.*

“A 401k rollover is easy as eating pancakes! First, sacrifice some adorable barnyard animal to the gods of bureaucratic nonsense. Then make several false attempts before eventually giving up in frustration. Finally, ignore all your old retirement plans well into your dotage because ignorance is bliss.

That’s it! End of article! Glad we had this talk!

But seriously… why is it so hard to roll over an old retirement plan?”

Thanks For Supporting These Women Creators!

As always, if you’re looking for a categorized list of self identified women writing and speaking about personal finance, here is the comprehensive guide to the Women of the Financial Independence Community.

Love what we do here at Women’s Personal Finance? Want to support that effort so we can continue to do the awesome work you love? Sign up to be a Mission Supporter / Join the Insiders Club.