Financial Literacy and salon blowouts? You may ask how does this all go together?
While listening to some serious financial advice from Manisha Thakor, it all came together. “Being on top of your finances is like going to the salon, self care for financial future.” So I thought to myself, if a blowout makes me feel good, shouldn’t I also feel good about making some important savings choices for the future?
Although a few weeks ago, “Start Saving Now” echoes through my head after attending GoGirl Finance’s event at Warren-Tricomi Salon.
Caryn Effron, founder of GoGirl Finance, brought us together by adding beauty and wine to talk about finance. One of the mission’s of GoGirl Finance is to empower women in the areas of financial literacy. This evening, they brought Manisha Thakor, personal finance expert and author, to share financial advice that every savvy woman should know.
- Talk about money with your honey – When you get together, no one asks if you are financially compatible. Every couple should know each other’s credit score.
- 3 most powerful words in finance – Start Saving Now. The money you save in your 20s and 30s will give you five times more in the long run.
- Savings is respecting your life’s energy. When you spend money, you are spending your life’s energy. This makes me think twice about some purchases that I have made? Do I need it? Do the kids really need it?
- Prepare a basic document for medical directives and wills – 65% of us don’t have. LegalZoom.com has a quick will maker that can be the beginning of something for future piece of mind.
- Insurance – Life insurance should be five to ten times your income. Do you have Umbrella liability, renters or homeowners insurance?
- Own a business? Protect yourself financially – make a wall between both. You can set up a LLC on legalzoom.com. Also, Set up separate accounts for business and personal life.
- Teach your children to save early on. What a valuable lesson this is. Knowing the value of money and saving for the future is an invaluable gift to give our children.
I was not compensated for this post. I did attend GoGirl Finance’s event and received a goodie bag. And, yes, I did get another blowout!