Pandemics and times of economic upheaval, (like we’re experiencing today), exacerbate inequities that were already there.
Data shows that the Black community, specifically Black women, are bearing the brunt of this current recession.
I had read countless articles about the mortgage process and worked with many clients as they purchased their first and second homes, but as with most things, going through the process yourself is a whole different story.
I had an idea of what to expect but there are many things I would have done differently to make our lives easier and the process less stressful. We learned a lot along the way, and I’m excited to share those lessons with you. Here’s what we wished we knew before embarking on the mortgage process.
The idea of negotiating the salary we deserve is fraught with setbacks. There’s the discomfort with negotiating in general. It’s hard enough to talk about money, but having to ask for more money from our boss or manager can take us over the edge.
Women tend to fear the repercussions of these conversations more than men. Will this hurt my career at the company? Will they view me as greedy or pushy?
Habits are behaviors we repeat, and over time they have a tremendous impact. Our money habits are important for both our personal and business lives but as entrepreneurs our money habits often keep us from achieving our financial goals.
When we earn a salary, we can get away with some less-than-ideal money habits, but as entrepreneurs they really come back to smack us in the face.
In honor of the upcoming tax filing deadline, we’ve been creating a lot of tax-related resources. If you are looking to minimize your bill, prepare your taxes, and plan for next year, we have you covered. Here are our favorite tax resources to make this tax season as easy and stress-free as possible.
I was saddened but not surprised to see survey results that showed that female creative freelancers are charging 47% less than their male counterparts. The same survey showed that women were two times more likely to charge by the hour (instead of by project) and three times more likely to have a public rate sheet. Two things that result in earning 42% and 15% less, respectively.
Over the years I’ve noticed that many people use their credit scores as a proxy for their financial health. It’s something tangible that we can see go up or down and the higher it is, the easier it is to get a new credit card, take out a mortgage, and even get a new job.
With something as nebulous as our finances, it can be really nice to have a report card. People actually ask me all the time: “if I were to have a grade in my finances, what would it be?” We want to know if we are getting an ‘A’ in our personal finances or just squeaking by.
We all know that saving for something in advance makes financial sense, but can it also make us happier? Science says yes. Researcher Elizabeth Dunn says that paying for a vacation ahead of time separates the pain of paying with the vacation itself, so we are able to enjoy it more.
Have you experienced this? You’re mid-way through an island vacation you’ve been excited about all winter long, but each time you swipe your credit card at a hotel or fun restaurant, you can’t help but think about your increasing credit card balance.
