Your 2nd Act

Let’s Catch Up - Ladies, take back control of your finances!

Michelle Parsonage Season 2 Episode 25

In this week's episode of 'Let's Catch Up,' I have an honest and eye-opening conversation with Jacki about the critical importance of financial security and awareness for women. When I posed the questions to our book club about how many of us rely on our partners to look after the major finances such as mortgages and investments, I was surprised to find that most of us admitted we leave those responsibilities to our partners! This raises important questions about why we do this and how we can better safeguard ourselves from potential financial disaster.

Jacki shares her personal experience of facing financial vulnerability after the end of her marriage. She opens up about the humiliation she felt when she was rejected for a credit card because, as a casual income earner, she didn’t qualify. This experience reinforced the importance of financial independence and the need for women to be proactive about managing their own finances. We discuss the common reasons women may defer financial responsibilities to their partners, the potential risks and consequences of not being financially independent, and practical steps women can take to become more financially aware and secure. Jacki's journey highlights the necessity of having your own financial foundation and the lessons she learned from her financial wake-up call.

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Thank you for listening, and let's catch up again next week!

Michelle x