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:

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How Your ACE Score Affects Your Money Habits

Our past can unconsciously influence our decisions. Paying attention to behavior patterns with money can help create reflective money habits.

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Therapy Options that Won’t Break the Bank

Online therapy can be more affordable than in-person sessions -- which is especially neat given that we're supposed to be staying home right now. Check out this and other ways to save on therapy during the pandemic.

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Why Representation Matters in Finance Media

Sometimes, all it takes to spark the confidence that you can be successful is seeing just one person who looks like you represeneted in the media.

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A Lesson Learned: The Black Tax

When I first heard of the Black tax, it was often described in the context of Black Americans and immigrants who are having to deal with the financial and emotional pressure of supporting family members. I connected with that assumption, but learned that I was wrong.

This is not new.

Racism affects personal finances in big and meaningful ways. Learn more and find additional resources inside this article.

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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