Episode 9: Moms and Money

So here is the deal. Women live about five years longer than men on average, which doesn’t seem like it’s a bad thing, until you look at it from a financial perspective. It has long been documented that women have less saved for retirement than men and the reason for that is two-fold. Firstly we don’t get paid to stay home and raise our children. Secondly, we don’t get paid as much as men to work, period. In fact, the gender wage gap alone costs women $1.6 million in potential retirement savings over the course of their careers. 

Retirement savings is just one of the money gripes I have when it comes to women. Not having enough to live comfortably during those gorgeous golden years isn’t cool, nor is having to depend on a partner’s nest egg to live the life you want. That’s of course assuming you’re married. What about women who divorce or never get married in the first place? And how about the kids? Braces, cars, college - how do we save for the future if we don’t know what’s in store for us.

One thing I do know is that a lot of women are freaked out by money and I understand why. It’s scary, right? So how do we take care of ourselves, secure a smart financial future, and put some extra cash away for our little people? Let’s find out. 

Brittan Leiser is a Financial Advisor and the founder of SavviHer based in Cleveland, Ohio. Brittan created SavviHer after recognizing that women often felt ignored or overwhelmed when it came to having a conversation about their own personal finances. When beginning her career, Brittan was on her own in an industry dominated by men with resources and prevailing attitudes that largely overlooked women, often leaving them out of the conversation. So she started asking questions, creating resources, and empowering women to take the first step.