Finance Tip for The Everygirl

Mar 20, 2012

Finance Tip for The Everygirl

Talk to your girlfriends about your cash flow challenges. Women love to share stories and learn from one another. Chances are that other Everygirls are also learning how to live within their means. Schedule a coffee date to talk about your successes and challenges as a way to support one another.

Do you share finance stories and tips with your friends?

Graphic by Grace Niu

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This post was contributed by Brittney Castro, CFP® professional and creator of www.FinanciallyWiseWomen.com. Brittney Castro is not affiliated with TheEveryGirl.com. Brittney A. Castro is a registered representative with and securities offered through LPL Financial, Member FINRA/SIPC. California Insurance License #0F33895

brittney castro

Afujiwara77

I do not really share my financial stories with my friends. Interestingly recently one friend bought a used motor cycle, a big flat TV, and a dining set after months of saying he was broke. This action made me and my fiance wonder if we are doing something wrong financially. Money is the sensitive subject, I think. But at the same time I would like to know how a financially smart/conservative person is handling this subject.
instantphoebe

I don’t, really, because we all seem to be in different financial situations. If someone was in a very similar situation, though, I could see myself talking to them about it. The only thing, though, is that it’s tough to figure out if someone is living in the same sort of means as you.
Kelli

we dont share how much we make, our debt or assets….but we do talk about financial planning. in fact i learned about “mint.com” from my friends—we all use it to budget now that we are starting to settle down, have mortgages, etc…

http://www.facebook.com/brittney.castro Brittney Castro

Great! Even the little conversations help. You can even ask each other about your money past….what you learned about money growing up, etc. I find this is a easier conversation to have with friends about money.

Kate {Something Fabulous}

Don’t you just wish that everyone had a limitless amount of money? Think of all the shoes we could buy! Sigh.

Kate {Something Fabulous}http://thesomethingfabulous.blogspot.com
http://betweenyourearsblog.com/ Caroline @ Between Your Ears

When I first graduated from college, I found the blog I Will Teach You To Be Rich, written by Ramit Sethi. It’s my go-to for any finance questions, from basic banking questions to investing your 401k. I am horrible with numbers and never understand finance jargon, but Ramit is great at explaining everything money in a way that is entertaining and easy to absorb! His tips for automating your finances are particularly helpful: http://www.iwillteachyoutoberich.com/automate-your-personal-finances/

Definitely check him out, and no he did not ask me to write this post

http://www.facebook.com/brittney.castro Brittney Castro

Love Ramit! Thank you for sharing with everyone.

Melissa Morris

I discuss finances and general money matters with a select few friends who I know are in similar financial stages of life as me. I try to stay super low-key about money around people who I know are struggling financially unless it is to offer them examples of what I try and do to live within my means.