learn how to manage your money

Today I come to you with a little bit of advice and a wee bit of a cautionary tale here, my friends. I want to talk about money and why we as women need to know what’s happening with our money, where it’s going and who has it, like we never have before.

Women end up with less superannuation, fewer leave entitlements and comparatively less overall wealth than their male counterparts, and that is just not good enough. Unless your plan is to become the next Beyonce (not a bad plan, unrealistic, but not bad) you will need to consider what it is that you are going to do to make sure YOU have enough to manage your retirement or prior to then, support your family on your own.

First I will start with the usual disclosure, you are responsible for the financial decisions you make, I am not a professional financial adviser nor do I know your personal situation. Please make your own enquiries to see if any of these suggestions will work for you. With that done, let’s start.

I haven’t always managed my money well, sometimes it’s been all kinds of ordinary. Heck, I haven’t even always had any money to manage. I’ve been behind on tax returns, forgotten to pay bills that have led to disconnection and maxed out my credit cards with the best of them. It’s certainly not Scrooge McDuck piles of gold around here.

But I’ve learnt a few things along the way that I thought might help and figured, reminding myself wouldn’t hurt either. These habits aren’t purely related to personal finances; they are related to your business too. So let’s do this together and plan a better future for ourselves, our families and our businesses.