Have you seen Confessions of a Shopaholic? Did you relate? The sad news is, women in general have a poor relationship with money. This is the premise on which psychologist Karen Pine and financial adviser Simonne Gnessen have based their guide to staying out of debt: Sheconomics.
If you’re the sort who would rather die than talk to your boss about the increase you’re due, or perhaps the type who takes to the shops at the first hint of feeling blue, or unusually upbeat, then you need financial rehab.
Sheconomics in seven steps
The beauty of it all is that Gnessen and Pine have packaged financial rehab for us in the form of seven easy steps.
Written in the form of “Laws”, they take the reader through all the aspects, financial and emotional, that make up good money management. Then they give some real-life examples of women with money issues by introducing you to trainee Sheconomists – real women who have come to them to sort out their relationship with money.
Women and money: a relationship
This is the essence of the book: women’s relationship with money. We are more emotionally engaged when it comes to making financial decisions, the writers say, and so we need to identify and acknowledge our emotions, and then have a look at the behaviour that follows. A good example is getting a new job, then spending a fortune on a new bag because that’s what you’re going to earn next month!
So, a quick run down of the laws:
Law 1: Take emotional control
Be aware of how emotions affect the way you behave with money
Law 2: Go beyond beliefs
Know that your financial beliefs can become reality
Law 3: Spend with power
Make sure all your spending decisions are for the right reason
Law 4: Have goals
Make your money fit your life plan
Law 5: Look debt in the face
Face up to what you owe and decide how to pay it back
Law 6: Share financial intimacies
Talk openly and honestly about money
Law 7: Know tomorrow comes
Take action now for a secure future
With the world in the financial mess it’s in, it’s wise to tidy up your own backyard! Make Pine and Gnessen your new best friends and take control of your finances right now. As they so beautifully put it: Add power to your purse with the ultimate money makeover. Nothing wrong with that.
Sheconomics by Karen Pine and Simonne Gnessen (Headline), R144,95 available at bookstores now or buy now at Kalahari.net.