International Women’s Day is this Wednesday so what better topic than women and money. We night not be able to solve the gender pay gap, but the members of the UK Money Blogger community can help celebrate and encourage financial strength and independence.
Our host was Jenni Hill from Can’t Swing A Cat. If you missed it, you can read highlights below. Plus, following the chat From Pennies to Pounds’ Francesca Mason discussed the topic and tweets on Share Radio.
Q1
Q1: What do you think are the main financial issues women currently face? #MondayMoneyUK @UKMoneybloggers #InternationalWomensDay
— Jenni Hill 💷🏠🛬🌏 (@CantSwingACat) March 6, 2017
@CantSwingACat @UKMoneybloggers How to work after having children – huge costs of childcare makes it difficult for many to return to work #MondayMoneyUK
— FromPenniestoPounds (@FromPenniesto) March 6, 2017
The average woman still earns significantly less than the average man, including for comparable work #MondayMoneyUK https://t.co/QNpMBM19ak
— Lesley Negus (@Thriftylesley) March 6, 2017
In the UK? Financial abuse is a bigger problem than we realise. In developing nations, where to begin?? #MondayMoneyUK https://t.co/zJL1ZIMJq8
— Tortoise Happy (@tortoise_happy) March 6, 2017
@CantSwingACat A1 Can’t speak for all women, but for me the challenges of combining work & family affect my income. #MondayMoneyUK
— Faith Archer (@MuchMore_Less) March 6, 2017
@CantSwingACat @UKMoneybloggers depending on the job some get amazing #maternity packages & some get the absolute minimum! #MondayMoneyUK
— I beat debt (@ibeatdebt) March 6, 2017
Q2
Q2: What do you think are the key reasons for the gender pay gap & how can we bridge it? @UKMoneybloggers #genderpaygap #MondayMoneyUK
— Jenni Hill 💷🏠🛬🌏 (@CantSwingACat) March 6, 2017
Women more likely to take jobs in undervalued professions. Unconscious bias. Blind hiring would also fight other prejudices #MondayMoneyUK https://t.co/gGrisV1aEL
— Julianne Benford (@ladyjulianne) March 6, 2017
@MuchMore_Less @CantSwingACat my career pretty much stalled during my 30’s whilst I had 3 mat leaves and small kiddies. #mondaymoneyuk
— Mrs Mummypenny (@MrsMummypennyUK) March 6, 2017
@CantSwingACat #mondaymoneyuk perception women are weaker/lesser than men, even tho its 21st century 😡😡 need more women at top!
— Natalya 🐱 (@Cottage_R) March 6, 2017
A2 many things: stereotypes at work, disproportionate part time which is paid less, being taken less seriously #MondayMoneyUK https://t.co/c8qwNXoV42
— Lesley Negus (@Thriftylesley) March 6, 2017
#MondayMoneyUK A2 Outdated attitudes & inflexible working environments. We need confidence to push for more+chance to combine work & family.
— Faith Archer (@MuchMore_Less) March 6, 2017
A2 I’ve sat in many a meeting and offered an idea and been ignored. When mentioned later by a male, often picked up #MondayMoneyUK
— Lesley Negus (@Thriftylesley) March 6, 2017
Interesting point. If employees could discuss their salaries with colleagues, could this help to bridge the #genderpaygap? #MondayMoneyUK https://t.co/YPTYp18I4h
— Jenni Hill 💷🏠🛬🌏 (@CantSwingACat) March 6, 2017
@CantSwingACat @UKMoneybloggers not being allowed to discuss salary… I get why but it gives employer a reason to shut the convo down
— Darcie Rae (@BoundinBone) March 6, 2017
Q3
Q3: Studies suggest women are less likely to invest than men. Why do you think this is? #MondayMoneyUK @UKMoneybloggers
— Jenni Hill 💷🏠🛬🌏 (@CantSwingACat) March 6, 2017
@CantSwingACat @UKMoneybloggers Women crave more certainty than risk #MondayMoneyUK
— Money Nuggets (@MoneyNuggetsUK) March 6, 2017
A3 Women take less risks, I never gamble, not even lottery ticket. All my investments are property and pension #mondaymoneyuk
— Frugal Queen (@queen_frugal) March 6, 2017
@CantSwingACat @UKMoneybloggers can’t get head around investing! risk of losing money scares me more thn MrCR who’s a gambler #MondayMoneyUK
— Natalya 🐱 (@Cottage_R) March 6, 2017
@CantSwingACat @UKMoneybloggers it’s still the main element of finance seen as the man’s domain. It’s complicated and risky #MondayMoneyUK
— Tortoise Happy (@tortoise_happy) March 6, 2017
@FromPenniesto @CantSwingACat @UKMoneybloggers Also generalising – I think we’re brought up with more sense of responsibility #MondayMoneyUK
— Julianne Benford (@ladyjulianne) March 6, 2017
A3 seems to be a point of pride to ‘not understand money’ for some. Have less to invest. Too busy? No control of the cash? #MondayMoneyUK https://t.co/WndPfNQWWS
— Lesley Negus (@Thriftylesley) March 6, 2017
@CantSwingACat @UKMoneybloggers A3 Risk aversion. Lack of knowledge & role models. Sense investing is only for men in braces. #MondayMoneyUK
— Faith Archer (@MuchMore_Less) March 6, 2017
Q4
Q4: What can women do to maintain their financial independence in a relationship? #MondayMoneyUK @UKMoneybloggers #WomensHistoryMonth
— Jenni Hill 💷🏠🛬🌏 (@CantSwingACat) March 6, 2017
@CantSwingACat @UKMoneybloggers Not agree to joint bank accounts, those seem to mostly end in horror stories #mondaymoneyuk
— MoneyCorgi (@MoneyCorgi) March 6, 2017
@CantSwingACat @UKMoneybloggers if i could do things again – it would be not use my money to try &heal wounds in relationship #mondaymoneyuk
— Natalya 🐱 (@Cottage_R) March 6, 2017
@CantSwingACat @UKMoneybloggers do their fair share of budgeting/negotiating annual renewals. Although I do everything here😂 #mondaymoneyuk
— Mrs Mummypenny (@MrsMummypennyUK) March 6, 2017
@CantSwingACat @UKMoneybloggers F**k off fund ;-), keep accounts separate, keep in the loop with household finances, make sure things are in your name #MondayMoneyUK
— FromPenniestoPounds (@FromPenniesto) March 6, 2017
@queen_frugal definitely, even tho with MrCR I have worked hard to improve my personal income/prospects! #mondaymoneyuk
— Natalya 🐱 (@Cottage_R) March 6, 2017
@CantSwingACat A4 Get involved in financial decisions and don’t ignore the details. Always keep some money in your own name. #MondaymoneyUK
— Faith Archer (@MuchMore_Less) March 6, 2017
@FromPenniesto @CantSwingACat @UKMoneybloggers definitely don’t have secrets:share money issues! Things can spiral in secret! #MondayMoneyUK
— Natalya 🐱 (@Cottage_R) March 6, 2017
Number one has to be to choose the right partner! 😄 #MondayMoneyUK https://t.co/0nPwGpWaHb
— Julianne Benford (@ladyjulianne) March 6, 2017
Q5
Q5. What are your top tips for women looking to improve their finances? #MondayMoneyUK @UKMoneybloggers #WomensHistoryMonth
— Jenni Hill 💷🏠🛬🌏 (@CantSwingACat) March 6, 2017
@AndyCleverCash @CantSwingACat @UKMoneybloggers Women need to learn about money. Financial literacy is key to gender equality #MondayMoneyUK
— Money Nuggets (@MoneyNuggetsUK) March 6, 2017
@CantSwingACat @UKMoneybloggers Create a budget, plan for retirement. Save as much as you can, set yourself big goals & pay off any debt ASAP #MondayMoneyUK
— FromPenniestoPounds (@FromPenniesto) March 6, 2017
Get a better paid job and/or start your own business. Invest (even just time) in your education. #MondayMoneyUK https://t.co/eZZKjyo0iB
— Julianne Benford (@ladyjulianne) March 6, 2017
@CantSwingACat @UKMoneybloggers Women should never stop saving & growing their money until they arefinancially independent #MondayMoneyUK
— Money Nuggets (@MoneyNuggetsUK) March 6, 2017
@CantSwingACat @UKMoneybloggers #MondayMoneyUK A5 Don’t be afraid of money or dismiss it as boring. Make money work for you. #MondayMoneyUK
— Faith Archer (@MuchMore_Less) March 6, 2017
A5 first and foremost, take responsibility for yourself #MondayMoneyUK https://t.co/kRniW6RBTe
— Lesley Negus (@Thriftylesley) March 6, 2017
A5 I think this says it all https://t.co/caG0JmZeKA #mondaymoneyuk
— Andy Webb CleverCash (@AndyCleverCash) March 6, 2017