Women's Personal Finance Wednesday Roundup

Women’s Personal Finance: Wednesday Roundup February 9, 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 #35 (Actually, 172)

1. Nature Abhors a Vacuum – The Money Edition A Dime Saved

“It’s tempting to start looking at your budget and just SLASH things from it. Cut everything out of the budget and go immediately bare-bones on everything.

Diving headfirst and committing totally to a new lifestyle usually doesn’t work. Becoming extreme right away works for a short amount of time and then fails spectacularly. This type of behavior is part of the reason why I don’t recommend No-Spend Days.

Creating a vacuum in your finances by cutting everything out will make you burn out extremely quickly. If you don’t burn out, then you will fill the void with other bad habits or bad actions by nature’s law.”

2. 3 Things I Wish I Would Have Known About Multigenerational Living Primarily Personal Finance

“In July 2021, she became part of the 11 percent of adults age 65 and older who live in another person’s household. I have many, many stories that I will not share here about the specific challenges of her living with us. It has been a rollercoaster that I prepared for extremely well on paper, but that didn’t translate into real life. I will, however, share three of the things that have been tremendously helpful to me in the last six months that are a bit outside the common advice given to those preparing for multigenerational living.”

3. Talking Building Black Generational Wealth with Kiersten and Julien Sanders of Rich and Regular Michelle Is Money Hungry

I spend a lot of time thinking about building generational wealth in Black and Brown communities. But, a recent Twitter exchange with Julien and Kiersten about this topic made me angry so I thought it was a good conversation to have on Michelle is Money Hungry. We specifically talk about how the generational wealth conversation comes up in African-American homes vs. Immigrant households of color.

BONUS! I just started investing but my money is going DOWN! She Wolfe of Wall Street

“I’m assuming you’re investing in diversified, low cost index funds here, but don’t panic! This is one of my most common DMs.

Example convo:
🙎🏻‍♀️(the DMer) HELPPP! I’m investing, but my money is going DOWN and I don’t know why!!”

Thanks For Supporting These Women Writers!

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.

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