Women's Personal Finance Wednesday Roundup

Women’s Personal Finance: Wednesday Roundup December 7, 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 and nonbinary folks, 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 #72 (Actually, 211)

1. Why we need to stop conflating self-worth with how much we earn Ladies Talk Money

“One particularly insidious practice that keeps women stuck is the ongoing chant to “charge what you’re worth!” Not only is this damaging and distracting, but it also doesn’t help women, practically or otherwise, to actually earn more or build self-esteem. In fact, it does the opposite – here’s why.

Generally, an all-too-easy way to assert power and control over another is to find out what their vulnerabilities are and poke them. This tends to be commonplace in all high-intensity groups, cults and organisations.

Tying self-worth to how much we earn is yet another way the patriarchy preys on women — particularly those who lack confidence or money, or both. It is also so stupendously simplistic that it’s insulting. Let me break it down and offer up a few ways to consciously uncouple the hell out of self-worth and how much we earn.

2. How GenX Should Prepare for the Next Recession Michelle Is Money Hungry

“Create a Recession Budget Now-Instead of waiting until the shit hits the fan, plan your Recession budget now. If you’re coupled up, maybe you create a budget that assumes one income is lost. Not fun to consider, but wouldn’t it be better to think about what that looks like now versus in the moment? Ask yourself what are your needs and wants? What treats do you want to budget in and enjoy during an economic downturn? Maybe you love getting bougie coffees like I do. Maybe you start buying gift cards for your favorite coffee shop and setting them aside for later. DO check the terms and conditions for those gift cards so that you know when you have to use them.”

3. Babe! What’s for dinner tonight? Mixed Up Money

“You see, having a significant other can be highly beneficial for your financial situation. After all, it’s relatively straightforward that having dual-incomes means that you earn more money. The caveat being that the only way a partnership can stay successful financially is if you consider one another as equals…

When it comes to childcare responsibilities, married mothers who are the primary breadwinner in the house are also much more likely than fathers in the same role to take a lead in the childcare responsibilities (37% vs 7%). So, when wives are the primary breadwinners, they are still much more likely to assume a disproportionate share of housework and childcare.”

Thanks For Supporting These Creators!

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

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