For most of history — even today — women have not had the right to their own money.
Undervalued, underpaid, and — for the most part — treated like property themselves, women have often been deprived of financial autonomy.
Even now that many women are in charge of household finances, they still earn less on average than their male peers. The numbers by race are even more staggering. When it comes to understanding and handling money as a whole, there are a lot of us who feel disempowered.
According to One Advisory Partners: “51 percent of women consider themselves the “CFO” of their household. In addition, 54 percent said that they have either complete or a great deal of responsibility when it comes to managing their household's long-term savings and investments. Despite maintaining a dominant role with household finances, 63 percent of women wish they knew more about financial planning and investing.”
Really? One might ask. In this day and age? Yes, really. Despite mainstream feminism, the rise and fall of the girlboss, growing conversations about gender equality, there’s still stigma associated with being a woman who demands what she’s worth.
But the tide may be turning.
According to Sandra Pierce in the Financial Post, “women live longer than men and 80 percent are going to end up alone, whether because of longer life expectancies or divorce. My experience with widows and recent divorcees shows that once on their own, almost all the women who did not take an active role in their finances regretted it.”
By demanding that they get the compensation they deserve, women are taking charge of their finances — which is deeply important to their security and future.
An Advisory Partners report suggests that there’s hope for the future. “The next generation of women is particularly eager for greater financial knowledge. The same survey found that the majority of young women are interested in understanding financial concepts on a deeper level, but over half of those women don’t know where to seek out that information.”
These advances are spawning a new generation of women unafraid to talk about finances — women who make this knowledge accessible to other women. The importance of demystifying the personal finance space is helping many women find the confidence to give themselves the gift of future security.
Here are some of our favorite female financial gurus:
Cinneah — aka @fly.nanced — is a frequent flyer who helps other travel lovers create their dream lives and dream vacations while working a 9-5 job. What’s the catch? There is none! Cinneah teaches people to empower themselves while working a full time job, negotiate a raise for themselves, fully leverage employee benefits, and earn free travel — all while staying on the path to financial freedom.
After paying off $215K of debt in 48 months, Cindy made it her mission to help other women get a handle on their finances and eliminate their debt. As a Latina and proud Bronx native, Cindy’s mission is to make financial advice accessible to everyone, especially those from underserved, underrepresented groups.
A super popular destination for millennial financial advice is The Financial Diet. Helmed by Chelsea Fagan, author of the book of the same name, TFD gives real advice through infographics, classes, and Youtube videos.
After saving 100k before she turned 25, Tori Dunlap quit her job and launched a platform that increases women’s financial literacy and helps them secure their dream lives. As Tori says, “fighting the patriarchy by making you rich.”
Pack your bags — Southwest Airlines is having a major sale! Fares are as low as $59 one-way if you book by October 3rd.
This end-of-summer super sale is a game-changer for your travel plans through the end of the year. Summertime travel gets all the glory. But why not take advantage of your long weekends, holidays, and PTO this fall. You’ll be surprised at how much travel you can fit in. Keep the fall/winter season exciting with domestic trips that give you all the excitement without breaking the bank. All thanks to Southwest.
Here’s the breakdown:
Where can you go?
You’ll find discounted tickets to and from most airports. Sale fares apply to cross country travel, and even Hawaii, Mexico, and the Caribbean! Whether you’re visiting a new city or revisiting your last beach vacation, this sale has fares to make your travel dreams come true.
What do the fares cover?
Southwest Airlines has multiple fare tiers, each with various benefits. Wanna Get Away fares start at $59, while Wanna Get Away Plus fares start at $89. You can also find great deals on Anytime fares, which offer priority boarding and express lanes. Then there’s Business Select tickets for a luxe experience at an affordable price point.
Do you have to be a Southwest Rapid Rewards member?
You may think these sale fares are too good to be true. Is there a catch? Do you have to be a Southwest Rapid Rewards member to access them? You’re in luck — anyone can attain these fares for a limited time.
But, insider tip, you should consider signing up for Southwest Rapid Rewards. With a free sign up, you earn points and miles with each trip you take. And with this sale, each dollar you spend on these discounted tix can stretch super far until you eventually earn free travel. The only thing better than a sale is free stuff.
I’ve been browsing the Southwest Airlines site, checking out flights and dreaming.
Here are the top trips to take this fall:
Recently, I wrote a piece about the genius of shopping for swimsuits during the winter. In it, I championed the benefits of buying swimwear now. It’s smart to take advantage of the off-season sales so you’re extra-prepared for summer. Part of what led me to this discovery is my penchant for mood boarding.
The mood-board — aka vision board — is my staple way to express my creativity, exercise my personal style even when winter restricts my fashion sense to thick sweatpants and puffer jackets. It’s time to get excited for activities and celebrations that are months away.
Creating mood-boards to bring summer closer led me to buy my latest swimsuit at a fraction of the price. This simple action sent my imagination soaring. I clearly envisioned the pools I’ll swim in, the oceans and lakes I’ll plunge into, and the boardwalks I’ll strut about on while flaunting my leopard, plunged-neck bikini.
So — six months in advance — I’ve effectively pulled my summer plans together. I’ve always been a planner as it goes a long way to actually achieving whatever I’m meticulously planning, be it a goal or an awesome trip.
However, this summer’s arrangements are more fraught than ever, as my imagined itineraries ride on the hope that there’s not yet another COVID variant looming in the wings. One that cancels my flights and banishes me back to my apartment. But — in the spirit of positive thinking — I'm not going to let logic obscure my vision. I intend to go full-speed-ahead with my dreams.
Currently on my list: La Residencia, a Belmond Hotel, Mallorca
Starting early also means I have clarity about my budget. This provides greater incentive to save money this year. I have more options than ever before. Flights are cheaper, hotels will welcome me with open arms, and my inspiration awaits.
Here are some of my tips for planning your dream vacation:
Even before I started making concrete plans, I’ve already stockpiled ideas for future vacations for a future self. The pandemic taught me that life is too short to wait on those enjoyments for a future me. So, I’m taking the plunge and setting out on one of my bucket-list vacations rather than settling for a more local trip.
In order to make my biggest dreams happen without falling into credit card debt, I’m putting aside money every month that goes towards my vacation. Before making non-essential purchases, I ask myself: would I prefer another iced coffee from my neighborhood cafe or a croissant and coffee in Paris? Chipotle or a gourmet meal in Mexico? Put that way, the choice is simple.
A app like Meet Cleomakes the money part a little easier and seriously keeps me accountable for my spending. After all, there’s no better way to stop those credit-card-swipes my credit card than depending on an app that keeps it real. Meet Cleo reminds me of my regrettable purchases before I rack up another one.
In arranging my itinerary, I don’t just plan hotels and flights, I plan out every single day. Sure, I leave time to explore neighborhoods and wander through museums and stores. But even that time is scheduled. This helps me visualize more clearly what I’m going to do, but it also provides a realistic ballpark budget. When and where will I need to flag a cab? How efficient is public transit? How can I schedule my days most efficiently and cost-effectively?
Leaving seasonal shopping to the last minute often leads to panic buys, overpaying, and desperately buying forgotten items at the airport. Shop smart, and start shopping today. Taking cues from my swimwear hack, I have price alerts on critical purchases so I’m notified whenever there’s a sale.
That means no more frantic airport shopping for me — my Meet Cleo app will be proud.
Road trips can be a lot of fun — but they can also drain your wallet quickly if you aren't careful.
From high gas costs and park admission fares to lodging and the price of eating out every night, the expenses can add up quickly. But at the same time, it's very possible to do road trips cheaply and efficiently. Without the headache of worrying about how much money you're leaking, you can enjoy the open road a whole lot more. Here's how to save money on a road trip.
1. Prepare Your Budget, Route, and Packing List in Advance
If you want to save money on a road trip, be sure you're ready to go. Try to count up all your expenses before you hit the road and create a budget. It's also a good idea to plan your route in advance so you don't end up taking unnecessary, gas-guzzling detours. And finally, be sure to pack in advance so you don't find yourself having to buy tons of things you forgot along the way.
2. Book Cheap Accommodations — Or Try Camping
All those motel rooms can add up surprisingly quick, but camping is often cheap or free, and it's a great way to get intimate with the place you're visiting. You can check the Bureau of Land Management's website for free campsites. Freecampsite.com also provides great information on If you don't have a tent or don't want to camp every night, try booking cheap Airbnbs or booking hotels in advance, making sure to compare prices.
camping road tripConde Nast Traveler
If you're planning on sleeping in your car, a few tips: WalMart allows all-night parking, as do many 24-hour gyms. (Buying a membership to Planet Fitness or something like it also gives you a great place to stop, shower, and recharge while on the road).
3. Bring Food From Home
Don't go on a road trip expecting to subsist on fast food alone. You'll wind up feeling like shit, and it'll drain your pocketbook stunningly quickly. Instead, be sure to bring food from home. Consider buying a gas stove and a coffee pot for easy on-the-go meals, and make sure you bring substantial snacks to satiate midday or late night cravings so you can avoid getting those late night Mickey D's expeditions.
Try bringing your own cooler, filling it with easy stuff for breakfast and lunch — some bread and peanut butter and jelly will go a long way. Bring your own utensils, plates, and napkins, and avoid buying bottled water by packing some big water jugs and a reusable water bottle. Alternatively, try staying at hotels or Airbnbs with kitchens so you can cook there.
4. Avoid Tolls
Apps like Google Maps and Waze point out toll locations, so be sure to avoid those to save those pennies. (If it takes you too far off route, you might have to bite the bullet and drive across that expensive bridge).
You can also save on parking fees by using sites like Parkopedia.
Road TripThe Orange Backpack
5. Save on Gas
Gas can get pricy incredibly fast, so be sure that you're stopping at cheap gas stations. Free apps like GasBuddy help you find the most affordable gas prices in the area. Also, try going the speed limit on the highways — anything faster will burn through your tank. Be sure that you don't wait till you arrive at touristy locations or big cities to fill up.
6. Get a National Park Pass
All those parks can get really expensive really fast. If you're planning on visiting three or more parks, it's a great idea to get an America the Beautiful National Parks Pass. For $80 you can get into every National Park for one year.