Do you feel like you face financial barriers? Whether it stems from having no money or a lack of budgeting, finances are a tough matter to handle. And what happens when the woman is the main breadwinner in the home? That is exactly how things work around here. This blog pays our bills and everything else.
According to an article I read recently about women and money, more than 1/3 of American women are now the breadwinners. And for many women, that new shift may mean breaking through financial barriers that were not there before. There was one line in particular that really hit the nail on the head for me:
Like millions of other women, I was perfectly happy to pinch pennies and hunt down sales, yet I couldn’t muster the slightest interest in big-picture financial planning.
This is me! Exactly. I rarely ever pay full price for items when I happen to have a need to shop. I am the biggest penny-pincher and yet I have not sat down and thought out a plan for the future. Only the here and now. So the post I mentioned laid out the financial barriers that keep us, as women, back.
- Lack of Confidence – How true is this in the everyday realm of our lives anyways? Experts say that it is understandable considering we live in a male-dominated financial world. But it does not have to be that way. One of the biggest ways to overcome that fear is by gaining knowledge.
- Sweating the Small Stuff – You know you do it! I do too — even though I constantly tell myself not to. But if we are going to move past this financial barrier, we are going to have to let go of the little things and look toward the bigger picture. Instead of coupons, we need to look at ways to invest in our future.
- Waiting for Someone Else to Fix the Problem – How often is this the actual issue at hand? For most if us, growing up in a male-dominated era means that we watched our moms turn to our dad to fix the problem. Now the ball is in our court and we have to take charge. Even single women have become more adept to handling their money… even if it is mostly attributed to necessity. Don’t wait until it is a necessity for you.
- Focused on Goals, Not Numbers – Think of somewhere you want to as you get older. Whether a place or state of mind, focus on that. Figure out how much you need to accomplish that goal and then work towards reaching that goal. Working towards a goal, or prize, motivates you more to actually achieve them. Now go get focused!
Breaking through financial barriers is not an overnight process, but one that can be attained with dedication and passion. I am looking forward to sitting down with Colby and setting goals for our future. I know we have discussed things we want to do… but now is the time to turn our words into action.
What financial barrier do you face? Where will you be focusing your goals?
Side note, you do not need to make more money in order to increase your bank account. Be confident and stay focused!