Women's Personal Finance Wednesday Roundup

Women’s Personal Finance: Wednesday Roundup February 22, 2023

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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 #81 (Actually, 220)

1. Who’s in the “Millennial 1%” – and How Did They Get There? Money With Katie

“Millennials are an interesting generation, because we usually discuss our avocado-toast-eating brethren as an economic monolith. We (mistakenly) assume all millennials are experiencing relatively similar economic hardships. 

But there’s one group of millennials—a small, unique subset with specific similarities worth exploring—that are actually doing a lot better than the top dogs of previous generations when they were millennial-aged. For definition’s sake, the “millennials” we’ll be talking about today are those born between 1981 and 1996—which would put them around the ages of 27 and 42 in 2023.

What tailwinds did these millennials benefit from that put them so far ahead of not only their peers, but 1%ers of generations past? Let’s dig in.”

2. How To Pay Off Student Loans And Other Debts FI Family of Five

“Back in 2019 we decided we need to start tackling the mountain of debt we had accrued. We wanted to pay off student loans and our other debts. The minimum monthly payment obligations for all our debts combined had grown to over $3,500 (this was WITHOUT the mortgage payment!) Our non-mortgage debt was at $441,000.

  • Student Loans: $363,000
  • Personal Loans: $58,000
  • Car Loan: $9,000
  • Credit Cards: $8,000
  • Hospital: $3,000

Looking at all the debt was overwhelming and felt insurmountable. We didn’t know where to begin. While I began researching, listening to podcasts and reading books around personal finance I came across two different debt repayment strategies. They were called the Snowball method and the Avalanche method.”

3. How Much More Can Girls Take? Abortion, Every Day

CW: sexual assault

“Last week, the CDC reported that the depression and sexual violence rates among teen girls have skyrocketed over the last decade: Three in 5 high school girls reported feeling persistently sad and hopeless, up 60% since 2011; and more than 1 in 10 report that they’ve been forced to have sex, a 27% increase in just two years. 

What’s doubly worrying is that this survey was done in 2021, before the Supreme Court’s Dobbs decision. It’s not difficult to imagine how much worse these numbers will be now that we’ve added forced childbirth into the mix. A recent study from the University of Pennsylvania, for example, found that abortion restrictions cause a “significant increase” in the suicide rate among women of reproductive age. That research, too, was done before we lost Roe.”

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.

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

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