Follow Victoria, finpoweredfemale and Britt, @planyour1life for more personal finance tips!
Women drive 83% of all U.S Consumption. 83%. That is a BIG number. We all need to recognize and respect the underlying purchasing power and responsibility that women hold.
Women spend significantly more time than men each day making purchasing decisions for their families. Ladies, do you agree?
One could argue that your spending could have just as much power and impact on your future wealth as your income.
So when another woman in your life convinces herself that she doesn't have a "right" to (oof) or doesn’t know enough to engage in their family finance conversation....maybe because...
- She makes less than her partner
- Is a stay at home mom and doesn't bring in an income
- Isn't educated in or interested in the finance space and just wants to rely on someone else to care for it
I need you to remind her that she IS a major driving force in the success of your family wealth.
Us women, we hold so much power in the area of our family finances and many of us don't even realize it. You don't have to pick stocks or become fluent in financial jargon in order to have a meaningful impact on your family wealth.
Be part of the conversation around budgeting, tracking expenses or saving for specific family goals to start. Engage in the dialogue.
Follow @planyour1life and finpoweredfemale and tune in for more money tips!
This stat came from a Morgan Stanley article, Beyond the VC Funding Gap.
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