Click to REGISTER HERE for Bankruptcy Courses
Already Registered?? Login below
Women and Money
Believe it or not, women have a unique set of attributes and strengths when it comes to money.

Women are intuitive, wise and generally connected to our emotions. We are sensitive to the world around us.

Whether you are already independent or just starting out on the path to being so, in order to thrive and grow in all areas, money and your knowledge of how it works and why is imperative in the process.

Whether you are already learned or know almost nothing.

Whether you are just entering adulthood or already retirement age and beyond, it is NEVER too late to learn and there is always more to learn both about life and money.

Whether you never have to work a day in your life or simply don’t want to -- it is important to know the basics of personal financial management. Become Empowered --- be sure you have the choice about being dependent on another person or situation for your financial well being.

Whether or not you manage your own money or someone else does – it is critical for you to at least be informed about how to. Circumstances might change --- Perhaps the person you think is doing it actually isn’t or isn’t doing it well or stops doing it or doesn’t know as much as you assume s/he does.

Money can mean many things to women. It can make you feel independent or can make you feel dependent. It can make you feel empowered or it can make you feel like a victim. You can feel like a warrior or you can feel helpless.


Let’s start with some aspects about money that are often overlooked – What is your Money Mindset?

The way we handle Money is often a metaphor for what is going on in our personal lives.

For example -- Is the money in your wallet easy to find? Do you know where your bank statements are? How about last year’s tax return? If you have a headache do you know where you can find the aspirin? How about the remote control or your car keys? Is your personal life disorganized or confusing?

If you are answered an honest yes to the 1st questions, then it’s very likely your personal life and relationships are not so hot either. What about your personal relationships? Are they chaotic, messy, volatile? That’s ok if you are consciously choosing that and feel good about it.


However, if you’re not, then you can start changing right now. Awareness is the key to change. That change can start out with a simple act of cleaning out your wallet and organizing your money. Yeah it sounds silly but do it first and then see how you feel. Every opposite action you take leads to very powerful results.

Example --- are you dependent on someone else to support you? This could be your husband or partner, extended family or even the government. What other ways are you dependent?

Do you feel like you could take care of yourself if you had to. There is nothing wrong with allowing others to support you. However, the important word is allow.

We can’t stress enough that self-esteem and true self-confidence (not ego) comes from knowing that you CAN take care of yourself. Not because you say you can but because you really KNOW you can. You may be saying, “I can take care of myself if I want to.” but is that really true? Can you balance a check book? Do you know how to write a budget? Do you really know how much it costs to support you every month.

If the answer is yes, great.

If not, take the challenge – and begin now to get to know those things. Even if you never need them, just knowing them brings the peace of mind that you could truly be independent if you ever needed or wanted to be. (imagine that!) Take some time right now to honestly determine what you know about money and what you don’t.

On the list below, check the boxes that apply to your thoughts and beliefs about money. There is no right or wrong in this. It is simply a self-awareness exercise.

Hard work Family
Smart Success
Satisfaction Rich
Happiness Good
Expected Important
Problems Loser
Security Valuable
Lacking Peace
Poor Pressure

Now, take a look at your emotional response to money. Professor Russell Belk, a professor at the University in Utah, says studies have confirmed that our relationship with money is not practical, but emotional.

  • Check as many as possible that apply to you. Be sure if you and your spouse are taking the course together that you complete each of the exercises together. How many of the feelings listed below have you experienced either now or in the past in regards to money? Also, think about which feeling you would like to have about money
Gratitude Envy
Anger Rebelliousness
Fear Desperation
Happiness Relief
Stress Overwhelmed

Because our finances are so hooked into emotions they are not something we like to talk about. Harlan Friestad, Ph.D, a professor of marketing and past president of the Society for Consumer Psychology says, In the United States, talking about money is harder than talking about sex.



Click here