Women and Debt

Many times you see the prevailing opinion when women get into debt that it is somehow ok because they didn’t really know any better. What is sad about this is that they are assuming that because she spent too much money it isn’t really her fault because women just aren’t smart enough to know when to stop spending. This may have worked in the past for a lot of women, but in today’s day and age, if you don’t know how much money you and your husband make and how much you can afford to spend, then that is just pathetic.

Well, now there is hope for the debt challenged woman. There is a new book called Sheconomics and it is all about personal finance. It talks about the fact that most women have a kind of switch in their head that they click off whenever someone starts talking about money. This is seen time and time again where the woman is content to let the husband make the decisions, so that they don’t have to talk about money.

Women are much more emotional about money it says. They say that a woman is less likely to ask for a pay raise, more likely to shop to make herself feel better, and less likely to apply for a debt consolidation when she needs one. Karen Pine, the author and psychologist, along with Simonne Gnessen, a financial coach, say that for every woman who is confident about money there are many others who are content to stick their head in the sand and do nothing.

They say that women have the ability to be very savvy about their money but that they choose not to be. They choose to not discuss debt or even acknowledge its presence. This book is about determining what kind of money woman you are and how to stop avoiding if you have been.


 

 

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