There are a lot of similarities between saving and giving. The biggest one? We wait to get started because we assume it will be easier once we earn more. We get the promotion and the raise, prioritize paying everyone else first, and then there’s still no money leftover for us to save or give. Or maybe we feel like our twenty dollars a month won’t do much. But much like with saving, it’s about using the muscle. When we start, we begin to view ourselves as someone who gives. We get the ball rolling, momentum builds.
Whether we’re deciding whether or not to take a new job, are choosing what to spend on an apartment, or are putting together our happiness allocation (a.k.a. spending plan or budget), it’s important to factor in the number that actually hits our bank account. That’s the number that we have to work with. That’s the number we get to allocate.
Before we can make a plan to pay down our debt, we want to take inventory. All that means is knowing what we have and where it is.
While facing our debt can feel really daunting, in most cases, it’s a lot more stressful not knowing than knowing. Once we are fully aware of our situation, we can do something about it. We know what we’re dealing with and can make a plan to handle it. There’s power in that.
Compensation conversations can be really hard to initiate – (and women are four times less likely to negotiate their salaries than men!) We might try to avoid them or put them off for later. We convince ourselves that our companies don’t give real raises, or we worry that we’ll get turned down because we’re not worth it. Here’s what you can do to prepare for and execute a negotiation confidently.
Most of us know the feeling - we make a purchase we regret and it sends our spending in a tailspin for a week, month, or even years. Next thing we know, we don’t want to look at our credit card statements, our account balances are decreasing, and our stress is on the rise. How do we stop the bleeding?
One of the most effective ways to get our spending back on track is with a regroup. We need to give ourselves a chance to get our money mindset back where we want it.
Aiming to better understand your partner’s money habits and his or her financial situation now will make you happier and certainly make managing money together much easier in the future. According to TD Bank’s Love + Money Survey, 90% of happy couples discuss finances once a month.
This isn’t an easy conversation to have for many reasons, but it’s well worth it. Here’s how to ease into the money talk with your partner without the shame and embarrassment so many of us fear.
The gender pay gap -- in which women on average earn 80 cents to every $1 earned by men -- is a penalty women see, and feel, directly in their paychecks.
The gender savings gap, in which women traditionally invest and save less than men, is a hidden penalty that also hurts women, many of whom don't realize it until it's too late.
Today, April 2, 2019 is Equal Pay Day in the United States, which means that women have to work all the way until today in 2019 to earn what men did in 2018.
In other words, for every dollar a (white, non-Hispanic) man made in 2018, women earned just $0.80.
This is an average so unfortunately, many women have it even worse. Here’s a breakdown of Equal Pay Days.