This is not my attempt at male-bashing, but it is my effort to point out how different women and men view money. Women see it as security to establish a foundation and build a future. We typically risk less, and stay the course more often. We fear running out of money, and having to be dependent on our children. Men feel more comfortable with risk, and for the most part believe that they can make more money in the event of change of circumstances.
Fewer than 2 in 10 women feel “very prepared” to make wise financial decisions. Half indicate that they “need some help,” and one-third feel that they “need a lot of help.” (Financial Experience & Behaviors Among Women 2010-2011 Prudential Research Study).
Ladies, let’s not shy away from the conversation. Now is the time to face the money woes; ask the money questions and get a plan in place to tell your money what to do. Let’s get your money in alignment with God’s great financial plan by taking these four steps:
1. Start tithing immediately
2. Pray over your finances regularly and ask God for wisdom in how to handle them
3. Build a budget and spend less than you bring in
4. Be a person of character and integrity and keep your word (if you owe someone and haven’t repaid them, work out a game plan to pay them back – if you can’t do it in full then make payments that you can manage, but be in communication).
You can do this. You just have to learn how to say “No”. Say “no” to impulse purchases, therapeutic shopping, and guilt actions of giving money to others while seeking their approval.
Start SOWING your financial seed, rather than EATING it.