As I wrote at the end of the year, one of my resolutions for 2019 was to get a better grasp on my finances by tracking in a detailed way all of my discretionary spending for the month of January. It was a little tricky to do because of the way my husband and I separate our accounts and divide our expenses, but I analyzed the data as best I could. It was an eye-opening experiment.
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The topic of money management came up in a conversation with some friends recently, and I later realized that it was not a subject I’d ever previously discussed with my friends. Sure, we occasionally bemoan how expensive something is or lament our monthly student loan payments, but we never really talk about saving, planning, or investing. Money is one of those subjects that is seen as taboo, especially among women. We fear being perceived as greedy, and we don’t want to invite comparisons of salaries and financial well-being. But money really is power, and we need to be able to confront the topic without fear or intimidation. Good financial management brings freedom. Let’s break the silence.