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Finance for Women
Module 1: Out with the old

Week by week, the course will equip you to handle your own financial situation with confidence. You will learn to identify exactly how much your lifestyle costs and how to pay for the lifestyle you really want to live.

You will begin to think about money, instead of worrying about money.

In 6 easy stages you will build your own Personal Financial Profile. And it’s as easy and as much fun as getting ready to go to a party. So get out your financial make-up kit and let’s prepare for the party of life.

Recommendation

While all the material in this course is available to you right now, we strongly suggest that you complete each of the modules in order. Each module includes a number of exercises (“Actions of the week”) that require you to do some work – these are vital to your success and you need to take time over them.

You will get most benefit from the course by taking your time and completing all the exercises before moving forward to the next module.

Part One
I am so excited for you.

I know where you are going to be in six weeks time and what that is going to mean for your life.

There is very little that consumes our attention, our relationships and the planning of our future in the way that money does, regardless of gender. Whether it is the lack of it, the management of it, the spending of it or the sharing of it, we spend up to 60% of our time thinking about it, or more correctly, worrying about it.

Well, together, over the next 6 weeks we are going to change that and turn you into one of the top 5% of people who not only understand their money but also manage it effectively, whatever your income.

An Emotional Subject

I also know that money is one of the most emotional subjects for women and I congratulate you for being willing to step forward and take charge.

I won’t pretend that this is going to be painless. There will be moments of looking in your “money mirror” and not liking what you see.

The good news is that these moments will be short lived and this is the last time you will have to have them. The even better news is that they will be replaced by the sheer delight that comes from understanding, managing and mastering your own money.

A woman in charge of her finances, walks taller, looks better, feels healthier and has a lot more fun.

We will be looking at basic financial approaches that cross gender but we ladies also have to deal with the specifics of our cultural female financial psychology. Though we are making inroads into financial equality, there still remain glaring inconsistencies in our wage levels, our education, and most damagingly, in our perception of ourselves as capable money managers.

This is a damning indictment on the financial legacy we have grown up with and which we are passively passing on to our daughters. There are many excellent initiatives beginning to educate women to be better prepared to attend to their own economic well being.

But we can start by educating ourselves and raising our financial self-esteem. And that’s just what we’ll do right here, right now.

Part Two

What we will be doing

Every week over the next six weeks, I will be setting you tasks divided into two elements.

First you will have a task or tasks designed to help you identify and build your own personal financial psychology.
These tasks will help you find out why you do what you do financially. They will weed out the bad habits and build on the good habits. Believe it or not, this is where 80% of money management lives.
Secondly you will have tasks that are simple numbers exercises.
These are designed, step by step; to build up a real accounts based blueprint for your life. You will be amazed at how simple it is to build a comprehensive financial outline of where you are, where you want to go and how you are going to get there.

But before we get the magnifying mirror out girls, let’s first take ourselves to the bathroom for a good old cleanse. We all have picked up bad financial habits throughout life, things we do time and time again even though we know very well that they don’t serve us. So first we want to identify what those are for you.

Part Three

Your Money Story

We all have our own personal money story within the wider scope of our societal money story.

Our parents and the roles they assumed financially, the patterns of money management they consciously or unconsciously modelled for us to copy and the financial education we received, or lack of it, all combine to create for you, your own personal financial patterns. And whether you earn £10,000 or £100,000 per annum those patterns dictate how you manage your money, how you feel about your money and how you plan for your future finances.

An increase in income alone will not solve your problems with money. Understanding your own financial psychology, dropping what doesn’t serve you, enhancing that which does serve you and attaching real numbers to your new awareness will.

By the end of this course, you will not only have had plenty of fun and gotten to know your financial self better, but you will have compiled a serious account of your financial life that will stand up in any traditional accounting forum such as with your bank or accountant.

So lets get straight into it. We’ll start off easy. Enjoy!

Action!

Actions of the Week

1. Spend some money!

Buy the best notebook you can afford. Preferably find one that has columns for calculating numbers such as a cash book. Buy one that makes you feel rich when you look at it and is sensuous when you touch it. Make sure you can easily afford it so that you also feel comfortable when you look at it. Make it the first purchase of your new financial life.

2. Why are you doing this course?

The first thing you will put in this book are your reasons why you are doing this course.

What will it mean to you if you change your financial habits now and take charge of your financial life?
What will it really mean for your future to be comfortable and confident in handling your money?
Who do you want to become financially?
What things will you be able to give yourself and those you care for?
What experiences will you be able to have and what experiences will you be able to share with others?
Close your eyes for a moment and see yourself in 12 months having taken control of your money? How does that feel?
See yourself in 5 years and 10 and 20 years? How will your life be different if you complete this course starting now?

Write your answers in your book in less than 10 minutes. Do it now before you move on.

3. Why are you doing this course again?

Now, answer all the same questions again but this time see yourself in 5, 10 and 20 years NOT having taken control of your finances.

What will your life be like if you just keep on doing what you have been doing up to now?
What will that cost you?
What will it do to your health, your relationships, and your day to day life?
What things or experiences will you never have?
How does that future feel to you?

4. Think of someone you admire for their financial skills.

Describe what it is about the way they handle money that you admire and why. Describe what results they get financially that you like. What is it you think they do differently to you that gives them these results?

Now you know why you will follow through on this course even if the nitty gritty of getting to the bottom of your personal numbers becomes tiresome. If you find yourself wanting to skip a task or putting it of, just come back to this first page in your notebook and remind yourself why it is important to you to become financially confident.