The 5 Financial Mistakes Many Women Make—and How to Avoid Them
The 5 Financial Mistakes Many Women Make—and How to Avoid Them
Maria always thought she had her finances under control. She paid her bills on time, helped her family when needed, and occasionally treated herself to a little shopping. But when an unexpected expense hit, she realized something: she didn’t actually know where her money was going.
Like many women, Maria faced some common financial blind spots:
Money Flow Blind Spots: Maria didn’t track her spending closely. She assumed everything balanced out—until it didn’t. Understanding where every dollar goes is the first step toward financial control.
2. Ignoring Financial Intuition: Maria often prioritized others' needs over her financial health. She realized that caring for others shouldn't come at the cost of her own security.
3. Not Standing Up for Herself: After years of avoiding the conversation, Maria finally asked for a raise. Realizing she waited too long, she smartly presented her case of performance in addition to seniority. And she prompted her supervisor to outline metrics for attaining a promotion.
4. Retail Therapy: Stress led to impulsive spending. What started as “treating herself” ended up hurting her savings. She got help with budgeting, including for life beyond survival mode.
5. Staying Silent About Financial Issues: Maria’s breakthrough came when she opened up about her struggles and sought advice. A trusted financial advisor helped her turn things around.
Maria’s story is a powerful reminder: taking control of your finances starts with
Awareness, Action, and A willingness to
Ask for HELP.
Conclusion:
Don’t wait for a financial crisis to act. Schedule a phone call today and discover how you can avoid these common financial pitfalls and build a stronger, more secure future. Take charge of your financial health—your future self will thank you.
HOMESCHOOLING: Haven or Havoc?
Your child's school years are precious and fleeting.
Now could be your best time to step up where your school is letting your child down. Let this series of myth-busting short chapters encourage you.
2 Major Mistakes
Which one will you make?
Which of these 2 retirement mistakes are you making right now? It's impossible to entirely avoid both mistakes.
You won't know for sure which mistake will work out better for you until it's too late.
How to choose?
Finding the Will
(Part 1)
Part 1: Have the will to arrange for a smooth transition when you’re no longer around to answer questions
Have the will to arrange for a smooth transition when you’re no longer around to answer questions (Part 1)
Ensuring your children or other Loved Ones can readily access your important papers when you die entails a sound process versus one or two conversations. You must overcome aversion to the subject of death, procrastination of anything that is long-term, and the tendency to assume things will be fine. Family dynamics can be sweet, spicy, or dicey.
Finding the Will
(Part 2)
Part 2: Getting Organized
While the internet permits convenient access to accounts, policies, and stored documents, it presents a plethora of password management problems. which too many people avoid by succumbing to password laziness, such as:
- re-using passwords for multiple logins, or
- use simple, easy to remember passwords, or
- writing them on sticky notes placed on their monitor or under their keyboard, or
- keeping them in a spreadsheet on their computer, or
- letting their browser remember passwords for them
Embrace Your Clarence
Is Clarence your future?
Golden insight from a golden retriever.
Post-Pandemic W.E.L.L.ness
Working, Earning, Learning, and Launching to Thrive
Where life drastically changed forever two years ago, everyone adjusted to the best of their abilities.
Here are a few of the key adjustments--"pandemic pivots"--that sustained some and prospered others.
Prenuptial Adulting
Equip Them for Happily Ever After
“Mom, Dad, we’re getting married!"
“Wonderful, congratulations! Here’s what you both need to do first.”
Equipping newlyweds with essentials of responsibility leaves plenty of life yet to be discovered on their own. Adults understand that love isn’t oogly feelings; it’s a hard choice. It’s putting your commitments and your money where your mouth is.
Many of the following steps also apply to one’s turning 18 years old. Becoming engaged adds urgency and a deadline.
Rethinking Competing Funds for College and Retirement
We live in a time of skyrocketing inflation topping decades of unbridled higher education costs.
Is the tension between funding your retirement and funding (at least partially) your children’s college education keeping you up at night?
You’re not alone.
Married? Is Your Endgame 100% or Just 50%?
Are you single? That other 50% could be whoever is most important to you.
Multiple unforgiving players factor into your retirement and estate plans (collectively your “endgame”). Household names include the Internal Revenue Service, the Social Security Administration, and the Center for Medicare and Medicaid Services. Key decisions with these players are nearly impossible to reverse. Plus, if you qualify for a pension, how you activate it is another irreversible decision.
Are you more of a planner than your spouse? It’s all too common for one spouse to blindly trust the planning spouse. Countless endgame “plans” were created by 50% of a couple:
