Women share their expertise and experiences to help other women with money management
The economic challenges unique to women have created a burgeoning cottage industry of personal finance websites geared to their concerns. Nine of the top 20 personal finance blogs tracked by Wise Bread are written by women and for women. Looking for the best grocery coupons? Seeking tips on how to stretch the household budget? Want to save for a child’s college education and your own retirement? There’s a website for that.
Responsible money management is an issue cuts across age, gender and wealth levels, but women face disadvantages in securing their financial futures. Because they are not paid as much as their male co-workers, they must their dollars stretch further and be extra vigilant in saving for retirement. Many wives and mothers find themselves in the unaccustomed role of taking charge of the family finances, from shopping to paying the bills.
Personal finance websites provide a platform for women who want to share their expertise or personal experiences. They are also nurturing online communities for women to share their concerns and seek advice from others in similar situations.
Women, studies have shown, are more risk-averse with money than men. When it comes to investing, they tend to put in more research. They also have a better handle on their emotions. They can also be less confident about their investment knowledge and abilities. According to a recent investor survey conducted by Millionaire Corner, 56 percent of men said they felt better prepared for August’s market downturn compared to the 2008 economic crisis vs. nearly 51 percent of women, Similarly, just over 60 percent of men said that their experience three years ago helped them to better cope with recent events compared to nearly 49 percent of women.
A more recent survey find women less secure than men that they will be better off financially a year from now (29 percent of women vs. 34 percent of men).
Here are the most popular personal finance websites for women according to Wise Bread.com:
Money Saving Mom: "Live on less than you make so you can save more and give more."
Deal Seeking Mom: "Mom of 5 teaching you how to save big so you can live large...."
Common Sense with Money: "You can not only 'make it on one income' but you can thrive on one!"
The Krazy Koupon Lady: "We'll create a shopping list which consist only of the best deals...."
Consumer Queen: "A ministry to help moms fight the rising costs of the economy by showing them ways to cut costs through couponing, shopping for sales and frugal tips."
Bargain Briana: "My goal is to teach others to save money while shopping by utilizing effective coupon methods. Finding bargains, deals, freebies and cheapies are a great way to curb my spending"
$5 Dinners: I cannot make a meal that costs more than $5. It's unnatural, but my pocketbook thanks me."
For the Mommas: "Save money with coupons, freebies, steals and deals."
Penny Pinchin' Mom: "Save more on your day-to-day shopping."
Another site you might find helpful:
The Ultimate Frugal Resource Guide