A FIRE movement blog for those seeking FIRE, by those seeking FIRE
Articles in this category have been curated by Women's Money Talk. Scroll through some of the posts below and find personal finance content that has been created by women from across the globe.
Women's Money Talk was created as a place for women to share money stories and create conversations and Camp FIRE Finance is honored to have partnered with Women Who Money to bring you this content each day.
Please visit their websites, Women's Money Talk and Women Who Money, to join in the conversation and hear money stories from other financially savvy women.
We make a conscious effort to feature a diverse set of perspectives on Camp FIRE. If you'd like to add your voice to our choir then we'd be honored to have you. Check out our Contributor page for more details and be sure to check out some of these articles written by women:
From Miriam Ballesteros …
The science behind behavioral economics confirms that people make wholly irrational decisions.
In the finance world, identifying which emotions come into play when people make the financial choices they do, can help bankers and those in the finance sector to understand why, whether it’s buying a house, withdrawing cash, investing money or saving for retirement.
Behavioral Economics: Are We Hard-Wired to Make Bad Banking Choices? | Miriam Ballesteros
From Madam Money …
As a financial executive, I had a dirty little secret. I was giving financial advice to people, but I was committing the financial sin of living paycheck to paycheck. I was overextended and overspending. Everything I was telling my clients to do, I wasn’t even doing for myself. I was solving other people’s money challenges, but not my own. I was committing “Financial Fornication.”
I was financially promiscuous with multiple credit cards and ended up contracting Financial STDs (Substantially Tremendous Debt). I had an unstable relationship with Savings. I didn’t really have a savings account. Rather, I had a Sidepiece account that was tied to my main checking account. When my main checking account could not give me what I wanted, I tapped the ASSET of the sidepiece account to spend. Sidepiece accounts weren’t built for savings.
I was unfaithful to my financial goals. I was a financial fornicator.
Confession of a Financial Fornicator · Madam Money
From Chief Mom Officer …
Happy Thanksgiving week to those in the US! I was planning to take the week off work but it’s looking more like a half week-I have a new project kicking off that’s demanding a lot of my time to plan and prepare for. In honor of Thanksgiving week I wanted to post a few fun financial facts to get you revved up for the holiday. Enjoy!
Fun Thanksgiving Financial Facts ~ Chief Mom Officer
From Pennies to Wealth …
Two days ago I sat in a Costco parking lot crying because my husband said that I didn’t need to get a part-time job (in addition to my other jobs).
To be honest with you, since I was little, I’ve believed that if I’m resting or not doing anything that I think is constructive at all times, I will somehow end up in poverty with no way to get out.
I watched people struggle my entire life and once I found myself in debt as an adult without any savings or a job, I went right back to that same toxic way of operating.
I STILL Think I’m Poor – How I’m Trying To Beat The Poverty Mindset
From Financial Peacock …
Your definition of financial independence may be different from mine, and that’s okay. I had a spirited debate with someone at a personal finance conference recently about how much money it takes to retire and we had drastically different views.
The person I talked to at the personal finance conference thought I was crazy! He said we should retire now based on our current net worth. When I explained why our number is so high, he said I have “rich white person problems”. Wow.
Your Definition of Financial Independence May Be Different From Mine – Financial Peacock