{Financial Cents} Is Your Way of Thinking Making You Poor?

Just as slaves born into slavery can’t visualize freedom, we Americans don’t know what it would be like to wake up to NO debt.
Dave Ramsey, Total Money Makeover

Is Your Way of Thinking Making You Poor.pngYour alarm clock sounds, alerting you that a new day has come. You awake to find yourself owning a car without a car payment, a home without a mortgage, an education without student loans, and credit card(s) with a zero balance. How did you get to this financial freedom? Did you a) win the lottery, b) rob a bank Sugar & Spice style, or c) align your behaviors with your long-term financial goals? Well, the answer to the question depends on whom you ask.

I told a friend of mine that I was working to become debt free and she looked me right in my face and laughed. I mean laughed to the point of tears while telling me how unrealistic I was being. “Everyone has debt”, she alleged. If this were her outlook on financial freedom, I would guess that she could imagine a debt free life comes only as a result of a windfall. She will either rob the bank or win the lottery. I, however, understand how even the most minute  sacrifices will help me get closer to my financial goals. I have to think beyond the day-to-day and month-to-month if I want to build  generational wealth. Financial expert, Dave Ramsey adds, “We have been sold debt with such repetition […] that it’s hard for people to imagine what it would be like to have no payments”. Debt shouldn’t be the normal status quo and I am not comfortable adopting that mind-set. When the day comes when I wake up with no mortgage, no student loans, and no credit card balance, I know it will be a result of my financial plan and my commitment to it.

Is Debt Normal? Share Your Thoughts…

How Your “Lean In” Might Make You More Money


Money Talk At Work. Yay or Nay?

For months, I have been researching and preparing myself to have series of what I can only call uncomfortable conversations. Surprisingly enough, I found it uncomfortable to bring up the topic of money and compensation in the workplace. Talking about money management for women of all ages and women’s right to be whatever they like… be it the boss, the fashionista, Suzie homemaker, or a combination of it all, is what I LOVE to do! While some view the conversation of money as uncomfortable and impolite, I have always been unapologetic about the topic because I recognize that the benefits of the conversation outweigh the discomfort. Over the maturation of this site and of my development into “real” adulthood, a sort of financial confidence on the subject of debt management has come over me. During that same time, I have realized that while the benefit of the conversation outweighs the stress it may cause, starting and engaging in conversations about my career path and the appropriate compensation has brought up a new feeling of uneasiness and forced me to become a human pendulum of leaning in and leaning back.

What does “Lean In” truly mean?

The phrase “lean in” comes from Sheryl Sandberg, author of the book Lean In, Chief Operating Officer of Facebook, and now contributing writer for Cosmo (which I LOVE). It is a phrase used to encourage women to achieve one’s goals and tighten the gap of inequalities in the workplace. The book, which I just started, challenges women to change the conservation from what we can’t do, to what we can.  I believe my lean in started when I polled a number of women on the She Makes Cents fan page and asked the question, Have You Ever Asked for a Raise? That one question commenced my research of women in business, gender/minority inequality in the workplace, and what has surprisingly become my platform of choice, the pay gap between men and women in the workplace. My research confirmed some things I already knew. On average, a woman makes less than a man for doing the same job. This is a fact and for many reasons, but one I had never considered was that women are statistically less likely than men to ask for a raise. Learning this forced me to sit up, dust my fear off, “lean in” and take responsibility in deciding that NOW was the time for my talent, career path, and financial compensation to fall in line. I invite you to stay tuned as I dive into topics such as understanding the best time to ask for a raise, networking tips, work/life balance, leadership skills and personal branding.

Tell Us About Your Last “Lean In”!

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{Financial Cents} What Your Wallet Say About You?

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What’s In Your Wallet?

I’ve heard it said that you can tell a lot about a women based on the style of purse she carries and the contents within. Is she well taken care of? Polished? Neat? Messy? High maintenance? Laid back? I want to take this a step further and look at the center of money- the wallet. A women’s purse may reveal a lot about her, but her wallet sheds light on what she finds important and how she spends her hard earned money. Parents my keep photographers of their children.  Entrepreneurs may carry business cards.  Me, I carry a mix of business and pleasure. Below is my emerald green Cynthia Rowley leather wallet that I bought myself for Christmas and some of the contents within.  wallets

What does your wallet say about YOU?

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{Friday Funnies} Our Favorite Commerical of the Week

It’s been a while since we posted a Friday Funny but this little girl and her impersonation of the werewolf crack me up EVERY time!!!

Happy Friday Folks!

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{Style Cents} Colorful Office Accessories to Brighten Up Your Desk

When I was decorating my office, I was having the hardest time finding chic office accessories that were as cute as they were functional.  I’m always on the lookout for that unique product that will fit the bill.  Below is a compilation of products that help my technologically savvy readers, like you, to be mobile in style.  P.S. I got a great deal on my Quirky Converage from Birchbox! I use to charge everything that has a USB attachment! I love that it keeps my office looking polished and sleek, while being functional.

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Which Accessory Do You Like Best?

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{Chasing the Saturdays} How I Saved $500+ Before Breakfast!

she-makes-cents-saturday-post-breakfast

I woke up in a weird mood this past Saturday. I was torn between excited to tackle my never-ending to-do list and not wanting to leave the warmth of the bed. So what did I do?- A little of both. I grabbed the laptop and started to audit my flow of income and in doing so, I noticed I was missing opportunities to save more money. Before breakfast, I saved a little under $100 a year by canceling my cell phone insurance. It was one of those things that I should have done months ago, but never really got around to doing it. The two times that I actually thought about filing an insurance claim, the deductible was so expensive that it was better to just get a new phone and not having to worry about whether I would receive a new or refurbished phone from my carrier.
My first savings of the day energized me, so much so, that I called my dad to follow-up on his savings audit I did for him last year. Even when I showed my dad how he could save $1600, he actually never followed through.  It was time for me to take matters into my own hands. I started with my parents’ home phone and internet bundle and I canceled every service that they don’t use and wouldn’t miss. I reduced their monthly bill by $40 per month equalling to about $480 a year!

Are you overpaying for services you no longer use? 

Take a little time to review your statements from your service providers.  Remove extra services that you no longer use, are outdated, or that qualify as a luxury you could live without.  I did this a few months ago when I realized my cable bill included a football package.  It made NO sense/cents for me to pay for an added luxury that I didn’t even use.  Now, I am enjoying the savings more than missing the extra channels that I didn’t event know about.  If by chance, you have already eliminated every extra fee, then you should consider calling your service provider to see if there are any other discounts that can be applied to your account.   It may take a little time to get through your audit, but remember it’s better to spend some time to save some money!She Makes Cents logo

What Services Can You Remove From Your Bill to Save?
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