Financial Power

Financial Power

financial power

By: Ms.J

Women have more buying power than men; however do we have financial power?

When I speak of financial power; I refer to little debt, retirement security and being financially stable. Traditionally, women relied on men to take care of their financial needs. As we have progressed in history, we have been able to earn and control more money; but with this power are we making financial choices that would benefit us in the future or are we living for the moment with materialistic spending habits. On an overall basis, the beauty and fashion industry is continually growing even through episodes of depression.

In order to increase your financial power in your community:

1. Reduce your debt.

2. Plan for your retirement by investing, 401K and lowering bills.

3. Trim the excess fat in your budget by spending on what you need, not what you want.

4. Become financially knowledgeable.


Finance 101

Finance 101



So last week, I asked that you write down your financial goals for the future. This will be your fuel to obtaining what you want. Go ahead, and post them up somewhere you will always see it; whether that is on your mirror, your door etc. It will serve as a constant reminder of what you need to do to succeed.


What are the things or people holding you back from obtaining your goals?

Is it because:

1. You are not making enough money to pay bills and save

2. Do you try to save but then something always come up that you have to spend money on ?

3. Do you have a shopping addiction (you may or may not realize it) ?

4. Does money fly out your hand and you cannot account for it?

5. Do you have a “moocher” who you cannot say no too?


First off, make a budget worksheet to see what your expenses are. Be honest because you need to know where your money is going. There are many free budget excel worksheets that you can download from the internet. Pick one that fits your needs and populate. The truth might hurt, however it will provide you with a realistic view of your life. To ensure you did it correctly, use last month’s data and reconcile to your bank statements. Open another tab on the excel workbook and delete and/or reduce the items that you know are not necessary for your overall living. Compare numbers and imagine it going to one of your financial goals. Some may be able to have drastic savings and some not as much but no matter what it’s a start.