I crafted the paragraph below using AI Chat to answer the question of why it’s important for women particularly to learn how to manage their household finances.

According to recent statistics, a significant 65% of working women take charge of managing their household bills, in contrast to only 40% of men who undertake the same responsibility. These figures reflect a changing dynamic in traditional gender roles and highlight the increasing financial independence of women. It is crucial for women to develop financial intelligence because studies have shown that, on average, women tend to outlive men by approximately five years. Understanding how to effectively manage their finances empowers women to navigate unforeseen circumstances, such as widowhood or divorce, with confidence and secure their financial future. By equipping themselves with financial literacy, women are better positioned to make informed decisions and achieve long-term financial stability.

Most of the above is true, but what they didn’t mention is what I see in my work with clients - that the statistic about working women managing their finances is mostly due to them being the only parent in the household or that even though they may be responsible for paying the bills, they still don’t have the skills or tools to reach their financial goals and feel confident about their ability to manage unexpected financial challenges.

It’s not our fault. It wasn’t until the 70s that women were even allowed to open their own bank accounts or credit cards. Our mothers were not taught financial intelligence and so they were unable to teach it to us.

But we have choices now. We have access and we have the ability to feel empowered and confident - we just need to get the support we need and work to remove the shame that isn’t ours to hold.

Now that we have access , we need to trust in the process that will open the door to financial freedom. When you’re ready, set up a discovery call to activate your wealth.