Women and Money- International Women’s Day

international women's day, women and moneyAs it is International Women’s Day on 8th March, I have come together with some of the female UK Money Bloggers to write about women and personal finance. I will share a list of the other blogs you can visit at the end of this post.

I feel very strongly about financial education and financial empowerment, especially for women. It is one of the main reasons I became a money coach. All around us we are bombarded with messages of how women manage money and we need to take positive action to correct those! I do believe that we are becoming more empowered than ever but we still need to bash those stereotypes on the head!

Why is it that some women can hold their own in a boardroom yet crumble when it comes to managing their money? I feel that it has something to do with myths and society’s conditioning that women need more help or even different advice. But the truth is, money doesn’t even know what sex you are!

Some of the myths and stereotypes that are bandied around:

We need a handsome chappy to come and look after us financially.

Women can’t earn as much as men.

Women need more help to manage their money.

Women are bad with money.

Men are the breadwinners.

Bleurgh!!!

They do not have to be true! Women can be independent, empowered, knowledgeable and successful when it comes to managing their money.

It is not a great secret that when it comes to money, women are different to men and we do often have different relationships with money. After all, we face our own set of unique challenges: less time in the workplace, earning less, living longer. It is a well-reported fact that money and emotions are often inseparable, money is so much more than just notes and coins.

Although the gap in wages is getting smaller, it is still a well-known fact that women earn less. BBC scandal anyone?! When talking to other women about their thoughts on this, one thread that comes up time and time again is that we are far less likely to ask for a pay-rise and we are more uncomfortable with having conversations about money. We need to start breaking the taboos and talk about dosh, cash, moolah, become more empowered! Why is it that people will happily talk about sex yet will not talk about money?! We need to be talking to our daughters, nieces, granddaughters, goddaughters about money and arming them with confidence and knowledge.

Let’s create a new generation of financially-savvy females!

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