Things to Think About

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Money is complex. As much as we like to think it’s simply about math–dollar and cents–it’s really about so much more.

Behavioral Finance

Historically, our economic models have centered around a rational model. That model depends on the fact that all human beings will act on their best economic interests at all times.

We know this isn’t the way things play out in real life.

Humans tend to react emotionally rather than rationally. Our finances are not immune to this behavior.

Behavioral finance looks at money through the lens of what we actually do rather than what we would do if we always acted in our own self-interest after running the numbers. Because let’s be honest–the vast majority of the populace doesn’t bust out their calculator before busting out their credit card.

Money vs Morals

This guy named Jesus once said it’s easier to get a camel through the eye of a needle than it is for a rich man to get into heaven.

Some people say that “Needle” was the name of a gate in Jerusalem. It was difficult to get through, but it could be done if you unpacked the camel.

Other historians argue that the gate that was the Needle did not exist in Christ’s time.

The point is not to give you a history or religious lesson. We claim no religious priority or superiority here. Rather, the point is that people have recognized for a decently long time that money can corrupt. It can motivate us to do things against our moral standards as we use logic to legitimize greed and blind judgement of our fellow human beings–especially when they are less privileged than we are.

I’m super interested in this topic. I think it’s an important one to remain cognizant of as we build our own personal wealths, so we explore it frequently on Femme Frugality.

Intersectional Women’s Finances

When you’re a woman, you’re disadvantaged financially, and no one’s giving you a handicap. While things have improved significantly for women economically in the past centuries, they are not yet equal.

This is especially true for women of traditionally marginalized populations, which is why Femme Frugality runs an on-going series on Intersectional Women’s Finances.

Thinking Deeply About Money

If you want to think about money beyond the surface level, you’ve come to the right place. Check out our archives, which will help you delve a little bit deeper:

Hmmm this has me wondering if I practice economic rationality or behavioral? Where do you fall?

Behavioral vs Economic Rationality

Is economic rationality what determines our markets? Or does behavioral economics have a stronger sway on our economy? Click here to explore the discussion.

Intersectional Women's Finances

Overcoming Financial Obstacles as a Black Woman

Black women in America face double the wage gap, work more for less pay and incur more stress as a result. Join us as Chonce Maddox shares her experiences.

clean water for cambodia

Do Good in a World Full of Bad News

Guys, I don’t know about you, but the world has been a rough place for me since January 20th. Refugees being turned away from our doors. Leaders in the highest ranks firing people for  dissenting opinions. The very real potential of net neutrality being dismantled. The richest of the rich with no qualifications or experience Continue Reading »

Net neutrality threatens online entrepreneurship.

Why Online Entrepreneurs Need a Plan B

The internet provides jobs to countless Americans via entrepreneurship, self-employment & remote employment. What's your Plan B if we lose net neutrality?

Why Getting Your Financial House in Order is Even More Important for Women

Getting Finances in Order is Imperative for Women

Women live longer than men, face a wage gap and are more likely to face financial hardship. We need to get in control of our finances. Here's how.

Want more things to contemplate? Femme Frugality goes way deep on the regular. Click the ‘Older Posts’ button above to see more.

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