Women's Personal Finance Wednesday Roundup

Women’s Personal Finance: Wednesday Roundup September 20, 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 #103 (Actually, 242)

1. A Slow Immersion into Slow Living The Slow Life Society

“The journey of slow living is one that requires you initially to take a step back, assess your current situation, define, and explore what you truly want for yourself and your life, and begin to slowly integrate and immerse yourself into a new way of living. You review your progress periodically and adjust accordingly. The more you become connected with who you are and are striving to become, the easier and more fulfilling the journey becomes.

What you’re not going to do is rush the process and try to cut corners in order to put a checkmark on the slow living box.”

2. Why I Let My Kids Go Into Debt Frugalwoods

“This is perhaps the toughest lesson of all and a lesson that a lot of adults still struggle to internalize. At last year’s county fair, there were inflatable unicorns for sale. Kidwoods fell deeply in love with a turquoise one and was adamant that she wanted to spend her money on this plastic horse with a horn. As it turned out, the unicorn was $13 and she only had $9. I told her I was willing to pay the extra $4, but that she’d have to work off her debt. She agreed and clutched her unicorn with glee. Once home, the reality of “work off your debt” began to sink in. I explained that, since she was in debt, chores-for-payment were not optional until she’d re-paid the $4 I’d lent her. Chores were now required. After a solid hour of work, she remarked:

“It is not fun to do chores to earn money for something I’ve already bought. This is a lot of work and I’m not getting anything!”

This was, again, a very basic lesson: don’t spend more money than you have. But it’s something kids have to experience for themselves. I allowed Kidwoods to go into debt because I wanted her to know the feeling she articulated above–that it stinks to work to pay for something you’ve already bought. Me explaining debt to her in the abstract would do nothing to help cement this visceral understanding for her.

3. If you’re buying groceries and then throwing them away I Am Rho Thomas

“Forget this idea that buying groceries is the financially responsible thing to do.

Instead of playing into the game of what you think you “should” do, look at actual data.

What’s happening in your schedule and your life from week to week?

Plan your food around that.

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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