Its no wonder that more women are taking control as the CFO of their homes. There’s something about being a woman that makes us savvy money magnets. Naturally, we have several character traits, that if realized to their true potential, make us incredibly suited to attract serious wealth and to be superior money managers. Today, read on and take a minute to recognize everything you’re doing to live up to your œmoney making advantage.
We Love Visual Inspiration
Oprah’s a fan, and the Smart Cookies love them too. Vision boards are a popular way for women to harness their goals and and stay motivated by seeing a consistent visual image of where they want their money to go. What does your perfect life LOOK like?
Woman are also more inclined to use an online, visual money management tools like the Money Manager tool created for American Express card holders. We’re busy people, so a quick visual snapshot to track spending and manage accounts is a clear and easy way to manage money, help us stay on track and see money making opportunities.
We Love to Get Together: Women Use Each Other As A Money Resource
Forget book clubs, the concept of the money group is a movement that has thousands of women registered on right here at www.smartcookie.com. Instead of an after work cocktail, more women are grabbing their bank statements and getting together to find better ways to save, earn more and achieve the life they want “ together.
The concept of clothing swaps is a money saving solution women have utilized for years. Whether sharing kids books and toys or swapping a nearly new sweater that just isn’t the right color. Women turn to each other on a daily basis a money saving resource.
Job sharing, childcare, even the occasional odd pet sitting gig are other ways examples women lean on each other to save.
Women Make Savvier Investors
A recent study by Merrill Lynch found that women make fewer investment mistakes than men and make them less often. This happens in spite of the fact that the average woman feels she knows less about investing and enjoy investing less than a man. Imagine what could be done, if we all had the confidence to match our ability!
Women Are Better Drivers and Pay Less Insurance “ Its true!
There is a running punch line about women behind the wheel. But categorically speaking women have been proven to be safer drivers, and as a result pay lower insurance premiums. Based on over 300,000 quotes for single-car and single-driver auto insurance during the first 4 months of 2009, the average minimum quoted rate for American female drivers was $124 less than the comparable statistic for men.
Here’s to being a fabulous, feminine money magnet!
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