The Time Is Right For Women To Step Up To The Plate
It’s time we turned our attention towards our financial health. We’re more than capable of managing money wisely (with or without male partners). Armed with the right skills, confidence, behaviour and support, we can live great lives with the money we have.
So what are we waiting for?
The reality is that life gets in the way. Too often, our finances are put on the back burner as we deal with the urgent issues of today. It’s not that we don’t have good intentions. The demands of our bosses and loved ones speak louder than our bank balances.
Or, is it that the subject of money is scary, upsetting and emotional. “Let’s ignore it and hope everything will work itself out.” “None of my friends talk about money so why should I?” “Dealing with budgets, debt and investments is as exciting as having a root canal.” “I’m not interested in financial concepts and don’t understand financial jargon.” “I hate math and have always been bad with money.” “I’ve got enough money to buy what I want/need so everything will be alright.” “I’m not sure about my financial goals so why bother planning?”
Enough already! I’ve heard all the reasons and used some myself. Whatever they are, it’s time to change.
Dealing with the challenges of personal finance remains a wide spread problem that needs attention. Studies show that many women want to learn more about personal finance so let’s get started.
This week, the Globe and Mail is publishing a full report on Canada’s growing household debt and it’s not a pretty picture. The series is worth a read (here is Monday’s article), even just to realize that we’re not alone. Have a look at two other interesting and recent articles to spark your interest more;
The Uncomfortable Subject That Women Don’t Talk About suggests that CONFIDENCE, not skills, may be preventing us from seeking out information on money and investing.
Women and wealth: The investment sector’s new-and crucial- frontier proposes that the financial industry must improve the way they communicate with women to get us more engaged with our finances.
These findings are no surprise.
Let’s all stop worrying about money and start taking action. Baby steps are better than no steps. Begin by getting to know your finances. What’s working, what’s not and what can you do differently? The sooner you get some clarity, the better you’ll feel. Remember to ask for help if you need it (we can’t be good at everything). Your current and future happiness is depending on it!
Proud founder of this blog Let’s Talk About Money, Patricia Gass, CPA, CA, provides personal finance coaching and education to improve your money skills. Follow her on linkedin, twitter or pinterest.
Photo courtesy of abcnews.go.com