Single Women: Personal Finance is a Give and Take
I know, it sounds like an oxymoron right? How can personal finance be about both having less and having more? Especially if you are single! Let me explain what I mean by telling you a story.
Two Different Single Ladies
Let's say we have two single females in their 30's. We'll call them Single Girl A and Single Girl B. Single Girl A lives a life of scarcity. She spend a lot of her free time thinking of ways to save money and cut back. Some of her favorite ways to save are by clipping coupons, shopping and thrift stores or finding ways to get the most value for her money.
Now let's look at Single Girl B. She thinks of money in terms of having more. Single Girl B worked up the nerve to ask for a raise, she has a side hobby that generates some income and does a few odds and ends things through out the month to bring in more money. She isn't afraid to put in the time or extra work if she is going to increase her income, after all how will she have enough for retirement?
Which One is Right?
Both are two very different ways to look at personal finance, but is one more right or wrong than the other? I don't think so. The ideal situation to be in is a combination of both.
I've focused on personal finance most of my life as Single Girl A. Only recently did I really start to see the benefit of looking at money like Single Girl B. While it is important to cut back on unnecessary spending, it's just as (maybe even more) important to start learning ways to increasing your income. From my experience, most women focus around scarcity when it comes to money. My hope is you can start looking at it from a perspective of abundance.Continued on the next page