Money. We all know we need it. Especially in perimenopause. Not only is figuring out our bodies expensive, we’ve got: kids’ education, aging parents, new careers, relationship changes, and on and on. Life gets expensive.
But as we encounter more examples of smart women getting caught off guard by financial challenges, we’ve started asking why. What we’re realizing is many of us don’t ‘know’ our money. As in:
- Do you know where you stand financially?
- What does money mean for you? Security? Freedom? Choices?
- Do you have a scarcity or an abundance mindset?
- Are you getting paid what you’re worth?
Consider this:
- In Canada, women’s unpaid work is worth about $490 billion.
- For every 1$ men earn, women earn 87¢ on average per hour.
- Women save smaller amounts than men and tend toward investments that offer lower returns.
- Women > 50 who divorced faced a 45% drop in standard of living, while a man’s standard of living dropped by 21%.
Ouff. You’ve already got a lot on your plate and now ‘banker’ Mikelle has you stressing about money. Our goal is not to overwhelm, but to hit home that your financial well-being needs to be part of your perimenopausal toolkit.
So now what?
Step 1. Don’t panic. You’re already ahead by reading this far.
Step 2. Get informed. Check out the resources we’ve curated to help you ‘know’ your money.
Meet Lisa
She’s fun, fabulous, and a Chartered Professional Accountant. Think budgeting is boring? Has your money situation got you feeling overwhelmed? Lisa’s got advice and tools to boost your financial swagger.
Money Means Options
Tori Dunlap is leading the financial feminist movement. She’s ‘helped over 5 million badass women make more, spend less, and feel financially confident’. Check out her blog, 10 Things Keeping You From Building Your Wealth and learn what is sabotaging your money.
It’s Not The Lattes
This clip of Glennon Doyle on The Recap Show explaining how men and women are socialized differently when it comes to money hit hard. It’s not about the freaking lattes! Part of knowing your money means overcoming this scarcity narrative.
Live Rich
This book will help you figure our where you stand financially, and understand your true values about money. There’s a reason it’s been in print for over 20 years. It’s helped millions of women take control and live rich, on their terms.
Congratulations!
Taking the time to know your money is a big step. Now what?
Continue to prioritize your financial well-being by picking one thing to start doing. Whether that’s a side hustle, an auto payment to your investment account, or creating a budget, drop us a note. We’d love to hear how you’re moving forward.
Oh, and here’s the link for the US version of SWFR.
