Not all that long ago, I had quite a bit of debt and virtually no savings, aside from a couple of meager retirement accounts. Now, my net worth has flipped solidly positive, I’m debt-free aside from my mortgage, and I’m stashing away a lot of money for my future. Below, I discuss some of the saving strategies I used to get to where I am today.
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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.