We’ll pay you back up to $20/month in ATM charges if you use an out-of-network ATM to access your checking account.
Want a low rate? High rewards? A prestige cashback card? We’ve got the right card for your needs.
Simplify your life and save money when you refinance.
Alliant returns profits to our members through higher savings rates, lower loan rates, and fewer fees. And we make it easy to bank with 24/7 account access.
Teen Checking – with smart limits and parental monitoring – helps you teach money skills.
Return to The Money Mentor Blog
By Pam Leibfried
Sunday, March 8, was International Women’s Day!
Last month, a new study about women and personal finances was released by Fidelity. The results of the survey, the Fidelity Investments Money FIT Women Study, were not at all surprising to me. Two of the key findings were that many women don’t feel confident about their finances and they generally don’t feel comfortable discussing money publically because it is “too personal” to share.
Author David Bach, who has written extensively about women and personal finance, has used the old trope about men not wanting to stop and ask for directions to explain why the “confidence gap” between men and women might not really indicate that women are significantly less informed than men. I think his analogy is fitting because studies have shown that women have more of a tendency to underestimate their knowledge when asked to rate their expertise on a given topic. So how can we gain some self-confidence about our finances?
The goal is not that you become the ultimate guru on the topic, but that you learn enough to feel comfortable about your knowledge level and to make smart, informed decisions about your financial future.
When I suggest that you might want to talk about money with family and friends, I’m obviously not advocating sharing your bank account and 401(k) balances on Facebook or in a family Christmas letter! Instead, think about being a bit less secretive about money. Judiciously sharing some information with trustworthy friends and relatives, especially those who you know have similar financial issues, can be helpful.