The unpleasant thing about unpleasant stereotypes is that they can have at least kernel of truth to them. For instance: the stereotype that women are not as confident or capable with money. It is a one that is quickly belied by opening up the pages of the Wall Street Journal, or looking at the many business and financial stars among the members of Executive Moms, or perhaps just looking around you … if not in the mirror. BUT (here’s the kernel of truth part), there remains considerable financial inequity in the U.S. for women, and as much as that has been imposed upon us, how can we ensure we are helping rather than further hurting our own cause?
One Source for Small Steps Toward Female Financial Empowerment: Daily Worth
Daily Worth is a free, daily email providing tips and advice on personal finance and business for women, It’s underlying manifesto is that we as women must recognize our own self-worth, ask for higher salaries, invest more aggressively, and build our own wealth.
You’ve heard some of the sobering statistics: in 2009 in the U.S., women still make only $0.70 for every dollar earned by men… and women retire with an average of one-third fewer savings than men (though we live longer). And yet the recession has only served to boost the percentage that women comprise of the overall workforce, and indeed our gender is an important workplace commodity.
Thus, the emergence of this little daily offering of financial information, affirmation and/or motivation. In fact what most appeals in the Daily Worth approach is that, while the content is inherently weighty, it is leavened by being served in sassy, digestible nuggets (much like an “Executive Momorandum,” might we note). Recent topics have ranged from how to best shop for clothes without losing your shirt, to a fast primer on capital gains, to how to calculate how much home you can afford to buy in the current market. In addition, the site features additional content via a blog written by founder Amanda Steinberg and several contributors; the most popular post to date (and our personal favorite) offers a tight analogy between a Weight Watchers diet and a money diet (i.e. when you use up all your “points,” you have to hold back until you accrue new ones. Sigh).
Did You Know? An ExecutiveMoms.com Fun Fact
Did you know that every Executive Momorandum we’ve emailed since 2002 is archived on ExecutiveMoms.com? It’s a great resource for jogging your memory on a favorite resource or idea we featured a while back… or catching up on the ones you may have missed if you joined us more recently.
Browse the Momorandum Archives