Women's Personal Finance Wednesday Roundup

Women’s Personal Finance: Wednesday Roundup August 11, 2021

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 #9 (Actually, 146)

1. Don’t Listen to Dave Ramsey: A Memoir Moriah Chace 

“For many people, especially young professionals who don’t have money to fall back on yet because we haven’t been in the workplace long – or because our 4-year degrees landed us a job at Starbucks during a global pandemic – it’s impractical to expect us to put off something as necessary as car ownership for years simply to avoid debt. 

And those who can, that’s a luxury. 

I’m tired of hearing the same standard advice packaged at 20 something-year-olds telling us to avoid debt at all costs – especially if that means driving an unsafe vehicle for extended periods of time in the name of saving money.”

2. How Financial Independence Let Me Leave An Abusive Relationship Financial Mechanic

“My coworker spoke soothingly in my ear from San Francisco. I reached out to her because I remembered that while out for a work-sponsored dinner, she had told me and our UX designer that she left her fiancé when he turned abusive. I remember being a bit surprised by her disclosure. I didn’t expect something like that to be shared with colleagues over firecracker shrimp. 

At the same time I couldn’t help but think: Her? Really? But she’s so strong. Smart. Capable. She managed a multi-million dollar project, always put together, professional, and amazing at her job. I tried to push away that knee-jerk, judgemental reaction. Even though logically I knew that women of all sorts experience abuse, my mental model was tired and outdated. Now I’m just grateful she shared her story with us, as it was beginning to dawn on me that I had also been experiencing abuse.”

3. How to Budget for Uncertainty Frugal Twins

“If you ever believed you had security, you likely realized last year that this simply isn’t true.

So, how do you budget for uncertainty? What uncertainties should you plan for (can you even plan for uncertainty)?

Below are some tips to plan and budget for the uncertain times in your life to ensure that you aren’t completely caught off guard should life throw you a major curveball.”

BONUS CONTENT!

The Pandemic Will End The Only Way It Can — The Hard Way Jessica Wildfire

With everything going on and the newest Covid-19 Surge, we wanted to include this extra post for you to check out

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 Supporter / Join the Insiders Club.

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