My favorite episode of Sex and the City is literally a mini class on women's finance!

Synopsis
"...After another failed relationship, she (Carrie) wonders: What's it all worth? ...On a shoe-shopping excursion with Miranda, Carrie realizes she's spent $40,000 on shoes. In dire straits, she pays Big an official visit and asks for some financial advice. He gives her a check for the down payment. Miranda and Samantha also offer to loan her some money, but Carrie says she can't accept their offer. She rips up the check from Big."
Lesson number three: "When a man gives you money, you give him control." -Miranda
(again...a man is not a plan!)
There is a old adage (proverb) that says "the borrower becomes the lender's slave". This advice is, of course, gender neutral.
However, this is a pitfall that we as women seem prone to, by our very make up (and I'm not talking about mascara here!).
Nothing against men, but as women, we need to always be in control of and aware of our finances. Period.
I was a stay at home mom for five years and fell into the, "Well he makes the money, so he should make the financial decisions" mindset. The man I trusted almost ran our family in the ground, and I shudder to think where I might be if I hadn't stood up for myself and taken control.
Nobody should make your financial decisions for you, not a financial planner, not a father, a husband, brother, boyfriend etc.
Always know the state of your finances, and always ask yourself what financial help from a man will ultimately cost you. It could be more than just interest, it could be your self worth, or even your future at stake.
Always carry your own purse ladies! (Fendi or not! lol)
Comments (1)
There's a book that just came out called Women, Get Answers About Your Money by Carolyn Castleberry, which is a great resource for women trying to take better control of their finances. Although it doesn't speak about how women should conduct their finances with a man, it gives a great, concise education about all things regarding savings, credit, investing, etc. Definitely a must-have to knowing your money.
Posted by kelly | December 28, 2006 12:51 PM
Posted on December 28, 2006 12:51