At some point in our lives, we all experience a wake-up call about whether we’re going in the right direction. We may consider moving across country, or transitioning to a new career. These feelings may be brought on by a sudden life event — losing a job or going through an illness — or it might come out of simply taking a pause. It can even be a collective experience — something so momentous happens that millions of people decide to completely change the trajectory of their lives. (Something like that happened a while ago, right? Something like…a pandemic?)  Joanne Lipman, the former e ..read more

We’ve heard from so many members of our HerMoney family lately who are wrestling with some big — and small! — questions around love and money. Specifically, we’ve gotten questions around fairness, competing priorities, and how to share your money in a way that works for both you and your partner. Because in matters of love and money, emotions often run high, and money fights can be some of our worst fights.  LISTEN: How Couples Can Fight Fairly About Money This is why our financial future together is such an important topic. According to the American Psychological Association’s most rec ..read more

There are two sides to the job market right now. On one side — low unemployment, “Now Hiring” signs everywhere you walk, and news headline after headline declaring that the job market is “strong” and “hot.” (The economists are thirsty.)  On the other side — layoffs in industries like media and tech, fake job postings from companies wanting to project growth without actually hiring anybody, and candidates getting ghosted after applying to dozens of positions.  WTF is going on?  If you’re confused, you’re not alone. The economy has been sending mixed signals for months, but ther ..read more

We know that moms do it all. They make doctors’ appointments, drive their kids across town multiple times a day, and show up to cheer at every track meet or recital. Donna Kelce, mother of Jason Kelce (center for the Philadelphia Eagles) and Travis Kelce (tight end for the Kansas City Chiefs) supported her sons as they cycled through soccer, baseball, basketball, hockey, and football — all while building her own 40-year career in finance.  Clearly, her hard work paid off — Jason and Travis have stellar careers with multiple Super Bowl wins, and this past February, Donna made NFL history ..read more

At HerMoney, we talk a lot about the different ways we can protect ourselves from financial risk. We buy insurance to guard against sudden illness and accidents, and we invest in a diversified portfolio so we can grow our money without endangering our savings. But there’s another type of risk we sometimes overlook because we don’t think it’ll happen to us — financial scams.  You might think you’re too savvy to fall for financial fraud, but these scams have gotten more sophisticated and more prevalent over time. There were a whopping $8 billion in losses to financial fraud in the United ..read more

Divorce can be an intense and exhausting process — especially for women and their finances. On average, women who go through divorce experience a 27% decline in their standard of living, while men actually see their standard of living rise by 10%, according to a study by the Social Science Research Council. And the older you get, the more it impacts your financial situation (and your retirement). Women 50 and older see their standard of living fall by 45% after divorce, compared to a 21% drop for older men. That’s why it’s so important to gather as much information and support as you can goi ..read more

A core step to building wealth is creating a diversified investment portfolio. By spreading out your investments, you reduce your risk of losing money while still being able to reap the rewards of the stock market — a win-win, right? And yet, diversification is the exact opposite of what you’re told to do when it comes to your job. You’re supposed to go to school, pick one thing to study that’s going to define your career, and then work your way up in the same industry until you make it to the top. But life usually doesn’t turn out to be so straightforward. You might get laid off, take a bre ..read more

Hard work is a crucial ingredient to succeeding in your career — but it’s not the only thing that matters. Being a great employee or manager also means building up your “soft skills,” which can be surprisingly hard to navigate. How do you approach your boss about getting a raise or promotion? What do you say if a coworker isn’t pulling their weight on a project? How do you properly motivate a team once you’re a leader?  Many of us aren’t taught how to be good co-workers, and when an issue arises at work, we often just don’t know how to talk about it. The result is that even if we’re wor ..read more

When is the last time you found yourself wishing you could let go of financial stress? Personal finance is about so much more than just the numbers. It’s often about feelings — a desire for safety and security, a drive to fulfill the dreams we have for ourselves and our families … and oftentimes, stress about how we’ll pay to make all those things happen! Some 69% of adults say the economy is a significant source of financial stress, according to data from the American Psychological Association. That anxiety also falls disproportionately on the shoulders of women, younger adults, and people ..read more

With inflation chipping away at our spending power, many of us have been leaning more heavily on our credit cards during the past year. Credit card balances reached an all-time high of $986 billion at the end of 2022, and the average debt that we carry on our cards climbed up to $5,805 per person. Interest rates on credit cards have also been on the rise, so keeping debt on our cards is now costing us more money than it has in decades. Once you’re pulled into a cycle of debt, it can be hard to find your way out — especially if you weren’t taught how to use credit cards to your advantage. Res ..read more