Money is often a taboo subject for many of us, which can lead to us having an unhealthy relationship with it. And it’s important to remember that YES it is a relationship – one that should be cultivated sooner rather than later. It’s never too early (or too late) to become financially literate, especially with everything surrounding the economic uncertainty right now. Here are five simple resources to help you along the way.
- Refinery 29’s Money Diaries
Refinery 29’s Money Diaries series is an ingenious way to break the stigma that surrounds talking about money. Each week, the series delves into the personal finances of an anonymous individual, sharing their salary, their savings, what they spend the most on each week, etc etc. Less about comparison and more about education, the series allows readers to get information on how others manage their finances and perhaps pick up a tip or two.
Another great resource for women is Vestpod, who send a weekly newsletter full of tips and financial guidance – this is a great and easy way to become more knowledgeable about your money. They also publish a ‘What On Earth Are We Doing With Our Money’ series on their blog (which is similar to Refinery 29’s Money Diaries), recommend great books on finance, and interview some inspiring businesswomen who share their tips for success.
3. Found & Flourish
This is a great community that’s built by and for women, delivering business and networking events in London and around the UK, publishing a great weekly finance podcast Bossing It, and delivering helpful weekly and monthly newsletters that are full of money tips and advice from female entrepreneurs and businesswomen. They even have a Slack (co-working app) group that allows you to connect and collaborate with like-minded women.
4. The Penny Hoarder
Like the name suggests, this blog and daily newsletter offers great advice and insights on how to make and save money. Covering everything from budgeting for your wedding to how to make money recycling ink cartridges, the site and its material is a deep dive into the world of money management, and you’ll be sure to pick up a hint or two.
My favourite (and soon to be yours) on the list is Ellevest. Investing can seem like an incredibly daunting task when you’re first starting out, but Ellevest makes it easier by offering you personalised advice and tools. It allows you to input your goals and budgets, and adapts to your age and lifestyle. The site basically acts as a fiduciary (acting on behalf of you in a capcity of trust) to make investments and build a portfolio for you. The fact that it’s tailored for women makes it all the more special, as women have been shown to invest differently to men. Ellevest is only available in the US right now, but I’m eagerly awaiting its expansion to other territories.