Women's Personal Finance Wednesday Roundup

Women’s Personal Finance: Wednesday Roundup November 23, 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 #70 (Actually, 209)

1. Quantifying your dreams to make them happen Modest Millionaires

“Oftentimes, people skip over a very important step in achieving their goals: that of quantifying your dreams to make them happen. They may start first with the tough work of listing out their vision but stop themselves when it comes to adding the details necessary to clarify it further in a measurable way.

If we want our finances to support the life of our dreams, it’s obvious that clarity on our vision for that life is incredibly important. Then it’s even more important to make our goals measurable in order to know what we are working towards.

Today, I’d like to dig further into the importance of quantifying your dreams to make them happen and how to do so when approaching your important life objectives.

2. Sharing our scars: Thoughts on trauma dumping I Pick Up Pennies

“For those not familiar with the term, trauma dumping refers to someone spewing a ton of information about their past trauma — either at inappropriate times or just at an overwhelming volume — to people who may not be prepared/able to process the information.

Trauma dumping has a sort of steamroller effect.

The most obvious version is simply unloading tale after tale of your past traumatic events to someone who may not be able to handle that level of intensity — especially if it’s barely or not at all related to something being discussed. Remember, we traumatized people aren’t the only ones who have finite emotional bandwidth.”

3. Leaked audio: Anti-abortion group tells TN lawmakers when to go after IVF & contraception Abortion, Every Day

“Now onto the bad and the wild. First, the wild. ProPublica has gotten ahold of audio from a strategy session meeting of Tennessee lawmakers and major anti-abortion groups. As you probably already know, Tennessee has come under fire for their extreme abortion ban which doesn’t even have an exception for women’s lives: Doctors are expected to break the law and then affirmatively prove that they had cause to break it. In response, some state lawmakers have talked about ‘softening’ the legislation; the anti-abortion groups on this call are trying to convince them not to.”

4. Men, women, and debt: Does gender matter? Rae Hartley Beck via Bankrate

“On average, women are still responsible for the lion’s share of caregiving, including childcare and helping elderly parents, negatively impacting their lifetime earning potential. Women also tend to be more negatively impacted financially by divorce. By contrast, men feel socially pressured to exude wealth and status regardless of their success and frequently go into debt to keep up appearances.

Nonbinary and trans individuals routinely lack family support and have to take on more debt when starting than their cisgender peers. It wasn’t until 2020 that federal protections were put in place to prevent housing discrimination based on gender identity, making it harder for them to find affordable housing. These factors can combine to put nonbinary individuals in greater debt than men or women.”

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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