With inflation having risen a whopping 8.5 percent last month, it’s a good time to think about money.

It’s also a good time to consider how we, as women, think about money.

A 2021 study showed that women are not yet as financially literate as men — but we are more knowledgeable than we think. The missing link is confidence.

That’s why as we close out Financial Literacy Month, we want to offer some tips about how to ask for a raise, respond to pay inequities — and tap the power of speaking out.

Asking for a Raise. “One thing we know with respect to psychological safety is that the biggest difference between men and women is that women are less willing to speak up with the same level of confidence. When it comes to asking for a raise, this can translate to, 'Will you think I’m greedy or overstepped or, wow, who does she think she is?' Psychological safety is fundamentally the ability to be candid. That should include being candid about what you think you’re worth. You can cultivate it yourself but it is better to have the support of a group.” Read more in The Need for Psychological Safety in Uncertain Times.

Getting Through Inflation Without Getting into Debt. “In your financial life, you've always got to be looking at, what are all the different levers that I can pull to offset some of these shifts that I just can’t control? What are the things that I can control? You can control perhaps some of your discretionary spending. You can control sometimes the money that you make?” Listen to Let’s Talk Money with Farnoosh Torabi.

Farnoosh Torabi, best-selling author, editor-at-large of CNET Money, host of the Webby-nominated podcast So Money.

Confronting Pay Inequity. “This feeling that your success is something you have to earn: That is not true. Your accomplishments, you can earn. Awards, you can earn. But equal pay, you get that. That’s your right.” Listen to the full episode on Women Amplified.

OTHER OFFERINGS THIS MONTH:

1. Executive Insights. Do you ever wonder what other women executives do to recharge themselves? What advice they might give younger women? Or what they’re reading? We asked 12 top women executives and gathered some great answers for you. Read Executive Insights.
    
2. New podcast episode featuring best-selling author Zakiya Dalila Harris and Target EVP Laysha Ward. Together they discuss Harris’s novel, The Other Black Girl; navigating the workplace as a woman of color; and how we can create a greater sense of belonging at work and in life. Listen on Women Amplified.
   
   
    
3. Essential news for working women – a new roundup of news about women and personal finances. Keep scrolling to read!

Till next month!  

Lisa B.

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