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A shocking report in the Los Angeles Times showed that single women living in the greatest danger in poverty. Why? This is because, since the lower wages, and only by increasing spending in a single salary. Many of us Baby Boomer women have drastically cut down on our lives, as we get older. Instead of taking the sun retired, many of us can not even think about humming the "retirement" word does not matter. Instead, many of us have to continue to work three jobs to over water. ButWhy?
Boomers Spend, Baby, Spend
"The American Dream" portrays the idea that more is identified by being more. The bigger the house, the largest machine and is the largest collection of shoes is correlated with a major in socio-economic ladder. Susan Sterne of Economic Analysis Association notes that "the consumer was Spree, 35-44, because consumers spend about 20% more than the average consumer. 45-54 spend about 30% more. Putthese two age groups together and you have 40% of American households. The same group is spending accounts for half of the country. "
Women earn?
In the past, the "baby boomer" women in their relationships were a lot of no direct control over their finances. So who fell victim indirectly with the same talent. It's not that we do not worry, we simply were not trained in management and budgeting of our capital. Many of us feel uncomfortable and act on the theme of money. We(And I'm guilty of it) wants to help a man to come and save the day.
That Rainy Day?
Hmmmm. What to do? Buy a new pair of sling-backs Cheetah print an extra $ 100 or save? (My cabinet has the Tell Tale Signs dependence on my shoe.) Instead of saving for retirement, Boomers have spent their lives living 'in the Now. Unfortunately, many of us are not sufficient to sustain our lifestyle store leaves us in debt.
A recent LosAngeles Times reports that "Ellen Tucker Emerson cut short her nursing career to raise their children, but the money was never a concern." I bought furs and jewels. We stayed in the best hotels. "Once her marriage was over, his financial life was very different. Instead of glamorous travel, sweating bullets, they pay the bills. At the age of 51 years, Ellen asks, as obtained in the pension
Regardless of age or situation, the timeto act is now! It's never too late. E 'gratifying to see that, even if you have had a rocky financial path, you can decide at any time you make a change. Trust me, I know. I had $ 88,000 of debt corporate credit card due to the loss of my marriage and the economy of that year. In four years I have paid my dues, and drew from a pool house for a nice home.
As a life coach, has been very rewarding for me, women in their 60's to see changes to career success. Youare never too old to take control of your life!
Suggestions:
o Get Real
If your financial goals and needs are fuzzy, you will never be able to go forward. Take a month and keep track of all your expenses and income. If credit cards have a problem, take one month and use the money for expenses. It 'amazing how the money will wake you up. If it's gone is gone. I found it useful to cash in separate envelopes. Food, gas, entertainment, medical,etc.
OR Write down your goals
Seeing is believing. If you write your goals, it was the first to recognize the situation, the first step toward a turnaround. Making your goals on paper, create your action plan and to reach you.
o Do not let fear or shame stop
Many women are ashamed to tight financial situations. Remember that there is the strength of numbers, so they take refuge in a friend. Many times, money problems and exhaustingdifficult to talk about relationship problems. Step up and out, look for help. Only in a conversation with another woman can help you back the joy of life.
or Get Help
The financial assistance will help alleviate the problem. Talking with experts who are trained in the art, they will be able to direct you to hands on information and support for you in the right direction. The NABBW has many excellent resources. You will learn there are other"Boomer" as you are with the same questions.
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