women http://www.wisebread.com/taxonomy/term/3040/all en-US Women Pay More for Health Care — Here's How to Pay Less http://www.wisebread.com/women-pay-more-for-health-care-heres-how-to-pay-less <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/women-pay-more-for-health-care-heres-how-to-pay-less" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_glases_hat_495205748.jpg" alt="Woman learning she plays more for health care than men" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>It's no secret that a variety of factors can affect your health care costs. For example, people who smoke usually pay more for health insurance, and an unhealthy lifestyle can increase the risk of chronic illnesses and lead to more trips to see the doctor. But among the many factors triggering higher health care costs, it's being a woman that's perhaps the most obnoxious.</p> <p>Before the Affordable Care Act, women buying health insurance on the individual market paid premiums as much as <a href="http://www.healthline.com/health-news/should-women-pay-more-healthcare-services" target="_blank">50% higher than men</a> due to gender rating, a practice where health insurance providers charged women more because they were considered a higher risk. Gender rating is now illegal, but this doesn't mean women are saving big bucks on health care costs.</p> <p>According to data provided by the health care company Vitals, women spend on average <a href="http://www.womenshealthmag.com/life/women-pay-more-healthcare" target="_blank">69% more out-of-pocket</a> than their male counterparts for health care. That's a huge difference &mdash; even from the now-abolished gender rating system. Considering how women statistically earn less than men in just about every occupation, many women feel the pinch. But the question remains, why do women pay more, and what can they do about it?</p> <h2>Women Use More health Care Services</h2> <p>Compared to men, women typically <a href="https://www.ncbi.nlm.nih.gov/pubmed/10718692" target="_blank">use more health care services</a>, which could explain higher health care costs. Go figure. They're more likely to ask questions about their health, get routine screenings, and schedule appointments when sick. Being proactive helps women maintain their health, but it comes at a cost.</p> <p>Additionally, some women experience higher health care costs because of certain procedures, including gynecologic surgeries. Women are also six times more likely to have knee replacement surgery &mdash; a cost that can soar up to $65,000 &mdash; and women are two times more likely to develop cataracts, which can cost up to $5,000 per eye to correct.</p> <p>And let's not forget the cost of labor and delivery for women. That's big business with the average national cost for a routine delivery at $8,775, and the average for a C-section at $11,525. (Worse, this number doesn't include prenatal care or post-delivery care.) And even if women have health insurance, high deductibles typically mean paying a large percentage of services out-of-pocket.</p> <h2>Women Live Longer Than Men</h2> <p>Women also pay more for health care because they live on average two years longer than men. That's an extra two years of paying health insurance premiums and out-of-pocket costs for health care services. Even if a woman is healthy during her younger years, she may develop at least one ailment later in life that requires regular doctor visits, especially as she moves closer to retirement age. Studies suggest that a 55-year-old healthy woman retiring today would spend about $79,000 more than a similar man on health care costs during her final years.</p> <h2>How Can Women Protect Themselves From Higher Costs?</h2> <p>When it comes to the cost of health care, it is what it is &mdash; but there are plenty of ways for women to prepare and possibly reduce their expense.</p> <h3>Don't Ignore Health Screenings</h3> <p>Preventive care reduces risk factors that trigger many chronic illnesses and can thus lower overall health care costs. Under the Affordable Care Act, you don't have to pay for many preventive care services delivered by a doctor or medical facility within your insurance company's network. These include immunizations, annual physical examinations, colonoscopies, mammograms, and other screenings.</p> <h3>Make Healthy Choices</h3> <p>A healthy lifestyle can also reduce your number of trips to the doctor. Eat a healthy diet of fruits, vegetables, low-fat foods, and lean meats. Exercise for at least 30 minutes three times a week. Apply sunscreen when outdoors to reduce your risk of skin cancer and stay physically fit during your retirement years.</p> <h3>Compare the Cost of Services</h3> <p>To lower your health care costs, compare the cost of services at different facilities. You'll find that some facilities within your insurer's network charge significantly different prices for the same services. For example, an in-network hospital may charge $1,500 for an overnight sleep study whereas an in-network sleep clinic may only charge $600 for the same study.</p> <h3>Don't Underestimate Health Care Costs</h3> <p>Prepare for health care costs now and in the future. This includes having adequate health care coverage to reduce your out-of-pocket expenses &mdash; as much coverage as you can afford based on your present health care needs. And while you're saving for retirement, don't forget to plan for future health care costs. Women who live longer than their spouses are left to manage health care costs on their own. Therefore, look into purchasing long-term care insurance. Don't wait until you are ready to retire to buy a policy; it's more expensive once you're at that stage of your life. If you lock in a price while you're young and relatively healthy, however, you'll pay lower premiums over the long-term.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/women-pay-more-for-health-care-heres-how-to-pay-less">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/health-insurance-how-to-fight-back-against-4-common-claim-denials">Health Insurance: How to Fight Back Against 4 Common Claim Denials</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-health-insurance-benefits-youre-probably-not-using">6 Health Insurance Benefits You&#039;re Probably Not Using</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-surprising-things-your-hsa-will-cover">11 Surprising Things Your HSA Will Cover</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/buying-individual-dental-insurance-online-my-experience">Buying Individual Dental Insurance Online: My Experience</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-spend-your-last-minute-health-care-fsa-funds">8 Ways to Spend Your Last-Minute Health Care FSA Funds</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Health and Beauty Insurance doctors gender cap gender rating health care life span medical preventive care women Thu, 12 Jan 2017 10:00:11 +0000 Mikey Rox 1871076 at http://www.wisebread.com Surprise! There's a Gender Gap in Mortgages, Too http://www.wisebread.com/surprise-theres-a-gender-gap-in-mortgages-too <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/surprise-theres-a-gender-gap-in-mortgages-too" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_chalk_house_29878474.jpg" alt="Woman facing gender gap in mortgage lending" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The gender gap in earnings is well known. According to a recent report by the Economic Policy Institute, the typical woman can expect to earn 83 cents for every dollar that the typical man earns.</p> <p>But studies show another gender gap that negatively impacts women: Research published by the Urban Institute in September said that women tend to pay more for their mortgages even though they are statistically more likely to pay their loans on time than men.</p> <h2>The Numbers</h2> <p>According to the Urban Institute, about 15.6% of female borrowers have what is known as a &quot;higher-priced mortgage.&quot; Borrowers with such mortgages are charged higher interest rates to borrow their home-loan dollars.</p> <p>How high these rates are at any given time varies. The Urban Institute uses the same definition of higher-priced mortgage used by the Home Mortgage Disclosure Act: a mortgage loan with an annual percentage rate that is higher than the benchmark interest rate known as the Average Prime Offer Rate. That rate stood at 3.58% for a 30-year fixed-rate loan as of June 20 of this year.</p> <p>The Consumer Financial Protection Bureau considers a first mortgage loan to be a higher-priced mortgage if its annual percentage rate is 1.5% or more higher than the Average Prime Offer Rate.</p> <p>The Urban Institute found that while 15.6% of female-only borrowers are paying off higher-priced mortgages, just 15% of male-only borrowers are doing the same. The institute found that male-female borrowers who apply for loans together receive higher-priced mortgages only 7.6% of the time.</p> <h2>Why Are Women Paying More?</h2> <p>Why do single women pay more for their mortgages? It's difficult to tell. It might come down to income. The Urban Institute reported that single female borrowers tend to have lower annual incomes than single males. According to the institute, single female borrowers earned an average of $69,200 a year. Single male borrowers had an average income of $94,700. Male-female borrowers had an even higher annual income of $119,000.</p> <p>Income is one of the financial factors that lenders consider when deciding who qualifies for a mortgage and what interest rates they pay. Lenders often charge higher rates as a form of financial protection when they worry that borrowers' incomes are lower, because they fear that these borrowers will be less likely to pay their loans back on time.</p> <p>Borrowers with lower incomes also have less money for a down payment. When borrowers put down less for a house, they are typically charged a higher interest rate, again to make up for the extra risk that lenders take on when loaning them money. Lenders assume that borrowers who put less money down are more likely to stop paying their mortgage loan if they suffer a financial crisis.</p> <p>But what about FICO credit scores? These three-digit numbers tell lenders whether borrowers have a history of paying their bills on time or if they tend to miss payments and run up credit card debt. Lenders charge higher interest rates to borrowers with low credit scores.</p> <p>But from 2004 to 2014, the Urban Institute found, female-only borrowers had an average FICO credit score of 711, similar to the average 712 score of male-only borrowers. That score is significantly lower, though, than the 725 average score submitted by joint male-female borrowers.</p> <p>Credit bureau Experian reported in March of this year that the average FICO credit score for all women is 675, a bit higher than the average score of 670 for men. Women also had 3.7% less average debt than men, according to Experian.</p> <h2>Better Record</h2> <p>Despite paying more for their mortgages, female-only borrowers tend to do a slightly better job of paying them on time than do male-only borrowers. According to the Urban Institute, female-only borrowers had a default rate on their loans of 9.6% from 2008 through 2010. Male-only borrowers had a slightly higher default rate of 9.7% during this same time.</p> <h2>What to Do?</h2> <p>What does all this mean for women applying for mortgage loans? If they are applying for mortgages on their own and want the lowest interest rates possible, they need to make sure that their finances are strong.</p> <p>This means that their FICO credit score should be at least 740 if they want to qualify for the lowest interest rates. It also means that their monthly debts, including their estimated new mortgage payment, should be 43% or less than their gross monthly income.</p> <p>Single male borrowers need to focus on the same factors, of course. But the research from the Urban Institute indicates that strong FICO scores and debt-to-income ratios are especially important for single females who want to avoid the financial burden of a higher-priced mortgage.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/surprise-theres-a-gender-gap-in-mortgages-too">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-it-safe-to-re-finance-your-home-close-to-retirement">Is it Safe to Re-Finance Your Home Close to Retirement?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/why-you-should-consider-an-adjustable-rate-mortgage">Why You Should Consider an Adjustable-Rate Mortgage</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/make-these-5-money-moves-before-applying-for-a-mortgage">Make These 5 Money Moves Before Applying for a Mortgage</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/everything-you-need-to-know-about-freddie-mac-and-fannie-mae">Everything You Need to Know About Freddie Mac and Fannie Mae</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/should-you-pay-your-mortgage-off-early">Should You Pay Your Mortgage Off Early?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Real Estate and Housing gender home loans interest rates mortgage gap wage gap women Tue, 29 Nov 2016 11:00:09 +0000 Dan Rafter 1834563 at http://www.wisebread.com How Every Woman Can Take Control of Her Finances http://www.wisebread.com/how-every-woman-can-take-control-of-her-finances <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-every-woman-can-take-control-of-her-finances" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_office_organized_67054401.jpg" alt="Learning how women can take control of their finances" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>It may seem patronizing or silly to offer specific retirement planning advice for women. After all, money is money, and compound interest works the same way whether the name on the account is John or Joan. And it's not as if we are living in an era where most women stay home instead of earning an income; today women make up nearly half of the workforce.</p> <p>But even if I feel like my husband's equal in earning power and investing know-how, the fact is that I am more likely than he is to be among the ranks of the elderly poor. In fact, a recent analysis by the National Institute on Retirement Security found that women are 80% more likely to be in poverty at age 65, and the disparities just get larger as women get older.</p> <p>There are many reasons why we women may not do as well as men in retirement preparation.</p> <p>&quot;Women statistically make less than men, so they have a smaller base to work with. And women tend to want to take care of others before themselves,&quot; said Sally Brandon, vice president of client services at investment adviser Rebalance IRA.</p> <p>Then there is the fact that more women take long breaks from full time work to care for children, and are more likely to work part time -&mdash; conditions that diminish our likelihood of socking away retirement funds.</p> <p>So what should women do to avoid having to subsist on Friskies in our latter years? Keep these things in mind.</p> <h2>Find an Adviser Who Listens to You</h2> <p>In my household, I handle our taxes and other finances. It's just not my husband's forte. So imagine my chagrin when I decided to hire an accountant, and he switched my husband's name to &quot;taxpayer&quot; and mine to &quot;spouse&quot; on our IRS forms. He said he did it because the IRS likes consistency &mdash; nevermind that we had consistently filed the other way for 15 years at that point!</p> <p>Other couples I know have met with <a href="http://www.wisebread.com/who-to-hire-a-financial-planner-or-a-financial-adviser" target="_blank">financial planners</a> who address all their questions to the husband only. That's why it's important to interview a potential adviser before committing. If you visit with your spouse, make sure the adviser addresses both of your concerns. Pay attention to how women working in the adviser's office are treated. And of course, if it makes you feel more comfortable, you can always hire a female adviser or one who specializes in helping women.</p> <p>Just as important as selecting an adviser you're comfortable with, Brandon says, is signaling to that adviser that &quot;you're a part of that process as much as the person next to you&quot; with your active participation. For instance, Brandon and her husband recently met with an estate planner together.</p> <p>&quot;I started asking a lot of questions, and by the end, everything was being addressed to both us, and not to just him,&quot; she says.</p> <h2>Make Your Retirement a Priority</h2> <p>A survey by financial services organization TIAA-CREF revealed that nearly half of women say they <a href="https://www.tiaa.org/public/about-tiaa/news-press/press-releases/pressrelease480.html">can't afford financial advice</a>, and one in three say they don't have time to seek it. That's another example of women putting the needs of others before their own.</p> <p>&quot;You get pulled and tugged in so many directions,&quot; said Brandon, herself the mom of three.</p> <p>Because starting early is key to amassing adequate retirement savings, it's important for everyone, including busy mothers, to take the time as soon as possible to set up a retirement savings plan and check up on it regularly.</p> <h2>Save Even If You're Not Working Full-Time</h2> <p>Women are <a href="https://www.dol.gov/_sec/media/reports/femalelaborforce/">twice as likely to work part time</a> as men, and we are also more likely to take extended <a href="https://hbr.org/2010/06/off-ramps-and-on-ramps-revisited/ar/1">breaks from the workplace</a> and have nonlinear career trajectories. If your career has taken this kind of path, it should be incorporated into your planning. Better yet &mdash; and I get that this can be tough &mdash; evaluate the effect that such a break or shift would have on your retirement before you decide to do it.</p> <p>One way to keep saving during a break, Brandon suggests, is by contributing to a spousal IRA, which is simply a regular IRA that a nonworking spouse can contribute to in order to keep retirement savings going even during a career break.</p> <h2>Don't Let Divorce Derail Your Future</h2> <p>No one plans for their marriage to end in divorce. Yet, after seeing too many friends and relatives have their finances shredded by divorce, I've come to the conclusion that all married people should be prepared to weather a divorce if necessary.</p> <p>Statistically, women are more likely to be financially hurt by divorce. We're more likely to have custody of the kids, and many single mothers receive no child support. Anecdotally, I know women who had no credit in their own names until they got divorced and found themselves applying for a credit card with no credit history, or even worse, a credit history that was shredded by the ex's actions.</p> <p>The first thing women can do to prepare for divorce is the same thing she can do to prepare for successful retirement if she stays married: Understand the family finances. Pay attention and ask questions. Don't leave it all to your spouse.</p> <p>The next part happens during the divorce: Fight for what you deserve. Divorce attorneys report seeing many women settle too soon in divorces and accept too small a share of the couple's net worth, just to get it over with. Some men bully and harass their wives into giving in, and even use the children against them.</p> <p>In divorce, as in marriage, remember that as important as the pressing issues of today may seem &mdash; the kids' needs, the stress &mdash; retirement can last a long time, and it will seem even longer if you have to spend it eating cat food.</p> <p><em>What are you doing to take control of your finances?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-kirby">Carrie Kirby</a> of <a href="http://www.wisebread.com/how-every-woman-can-take-control-of-her-finances">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-10"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-secrets-you-need-to-tell-your-financial-adviser">11 Secrets You Need to Tell Your Financial Adviser</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-money-mistakes-to-stop-making-by-50">5 Money Mistakes to Stop Making by 50</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-6-biggest-financial-decisions-in-your-20s">The 6 Biggest Financial Decisions in Your 20s</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-savings-tricks-you-havent-tried-yet">5 Savings Tricks You Haven&#039;t Tried Yet</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-12-month-get-richer-plan">The 12-Month Get-Richer Plan</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance caretakers divorce financial advisers mothers poverty retirement savings sexism women Tue, 09 Aug 2016 10:30:17 +0000 Carrie Kirby 1766935 at http://www.wisebread.com 7 Money Lessons We Can Learn From Beyoncé http://www.wisebread.com/7-money-lessons-we-can-learn-from-beyonc <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-money-lessons-we-can-learn-from-beyonc" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/beyonce_knowles_000016852365.jpg" alt="Learning lessons about money from Beyonce " title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Beyoncé Knowles is a wealthy person. With a net worth of more than $250 million, she clearly knows a little something about generating and keeping money.</p> <p>Not all <a href="http://www.wisebread.com/the-5-most-money-savvy-rap-stars">celebrities have the financial wits</a> to keep an eye on their cash, but Beyoncé has not only built an empire, she has also protected it. And her lyrics offer great lessons for women looking to become financially independent.</p> <p>Here are seven ways that Beyoncé has offered some sound money lessons.</p> <h2>1. Men Don't Have to Be the Breadwinner</h2> <p>Beyoncé's husband, rapper Jay-Z, is very successful in his own right. But rest assured, she doesn't need his income to get by. And many of her songs convey the idea of women being responsible for their own finances. Consider the song &quot;Flawless:&quot; <em>You can have ambition, but not too much...You should aim to be successful, but not too successful...Otherwise, you will threaten the man...I took some time to live my life...But don't think I'm just his little wife.</em></p> <h2>2. Invest Wisely</h2> <p>Unlike some notoriously spendthrift celebrities, Beyoncé has taken time to think about the future, so she's set financially even if she decides to stop working. &quot;I have a lot of property. I've invested my money and I don't have to make any more, thank God, because I'm set,&quot; she told the UK Mirror in 2009. &quot;I'm now able really to be free and just do things that make me happy.&quot;</p> <h2>3. Beware of the Moocher</h2> <p>Back when she was a member of Destiny's Child, Beyoncé warned against the partner who casually borrows your money and things. Remember &quot;Bills, Bills, Bills?&quot; <em>And now you ask to use my car...Drive it all day and don't fill up the tank...And you have the audacity...To even come and step to me...Ask to hold some money from me...Until you get your check next week. </em></p> <h2>4. Know Your Worth</h2> <p>Beyoncé knows how popular she is. Her most high-profile shows have been at halftime of the Super Bowl, the most watched television event of the year. A few years ago, she dropped a new album on Apple's iTunes without warning and made it impossible to buy just a single song. (The album sold more than 828,000 copies in just three days, setting a record.) Now there's speculation that she will drop her next album exclusively on Tidal, a streaming music service that she partially owns.</p> <h2>5. Diversify Your Skill Set</h2> <p>Do you want to make yourself irreplaceable like Beyoncé? Learn more than one skill. Beyoncé is a great singer and songwriter, but she can also dance better than nearly anyone on the planet and has acted in movies and television shows. What's more, she has fashion lines for adults and kids, and makes millions off of endorsements. Her diversity can serve as a lesson to the rest of us, who might benefit from finding different ways to leverage our skills and talents to make money.</p> <h2>6. Financial Independence Is Satisfying</h2> <p>In her song, &quot;Independent Women, Part 1,&quot; Beyoncé touts the good feeling of building your own wealth. <em>If you're gonna brag make sure it's your money you flaunt</em>, she sings. <em>Depend on no one else to give you what you want.</em></p> <h2>7. Capitalize on Opportunities</h2> <p>Ms. Knowles recently released a sexually-charged song called &quot;Formation,&quot; in which she talks about taking a man to Red Lobster. Red Lobster then saw a 33% spike in revenue after Beyoncé performed it at the Super Bowl. And the uptick may have been even more had the restaurant not been a tad slow in mentioning the song on social media. You never know when an opportunity will present itself. When it does, be prepared to strike.</p> <p><em>Anything else we've learned from Beyonc</em>é<em>? Please share in comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/7-money-lessons-we-can-learn-from-beyonc">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-38-money-lessons-we-can-learn-from-celebrities">Flashback Friday: 38 Money Lessons We Can Learn From Celebrities</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/21-things-that-young-adults-absolutely-need-to-know-about-money">21 Things That Young Adults Absolutely Need to Know About Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-money-lessons-we-could-all-learn-from-dwayne-the-rock-johnson">6 Money Lessons We Could All Learn From Dwayne &quot;The Rock&quot; Johnson</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-best-money-management-tips-from-john-oliver">7 Best Money Management Tips From John Oliver</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-lessons-i-learned-selling-office-supplies">8 Money Lessons I Learned Selling Office Supplies</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Life Hacks Entertainment Beyoncé Destiny's Child investing Jay-Z money lessons women Wed, 09 Mar 2016 11:00:06 +0000 Tim Lemke 1666847 at http://www.wisebread.com 4 Common Money Misconceptions About Women http://www.wisebread.com/4-common-money-misconceptions-about-women <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-common-money-misconceptions-about-women" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_cash_000082536961.jpg" alt="Learning common money misconceptions about women" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>In a decade-long Prudential survey that studied the financial experiences of women, research data showed that since the 2008 financial crisis, women have <a href="http://www.prudential.com/media/managed/Womens_Study_Final.pdf">made significant improvements</a> in their financial behavior. Still, many continue to admit a lack of knowledge and understanding of sophisticated financial products.</p> <p>That lack of knowledge causes more than 50% of women to rely on someone else to make financial decisions regarding their future. On the other hand, the study dispels several myths about female financial behavior, casting a more positive light on <a href="http://www.wisebread.com/5-reasons-women-might-retire-with-more-wealth">women's money habits</a>.</p> <p>Here are four common money misconceptions about women.</p> <h2>1. Women Are Impulse Shoppers</h2> <p>One of the most common misconceptions is that women are impulse shoppers. Data from the survey showed that often, the last-minute purchases referred to as impulse buys are made using funds already set aside within a budget. And the majority of respondents (70%) claimed to spend based on need, not wants.</p> <h2>2. Women Don't Know How to Manage Money</h2> <p>Most people don't fully understand money management &mdash; but that's a problem for both sexes, and not unique to women. However, a majority of women distrust the process of turning planning over to a financial professional &mdash; six in 10 prefer the help of family and friends. This differs from men, who often prefer outside sources of help.</p> <h2>3. Women Don't Understand Retirement Planning</h2> <p>Women's understanding of workplace retirement plans and IRAs showed considerable improvement since the 2008 crisis, up from 47% to 72% of respondents. While many women have more to learn about other retirement products such as annuities, a majority of female respondents have seen progress in their understanding of retirement planning.</p> <p>As women increasingly become primary earners or amass significant net worth of their own, their financial behaviors and understanding of money management will undoubtedly continue evolving.</p> <h2>4. Women Don't Make Financial Decisions in Their Households</h2> <p>The belief that women don't make household financial decisions is an entirely outdated and erroneous one, according to the data. The survey showed that 95% of women consider themselves financial decision makers, and 85% of married women say they manage the household's financial decisions themselves, or jointly with their spouse. That means today's women are developing (or in many cases already have) a much more thorough understanding of personal finances and investing than earlier generations.</p> <p><em>Do you cling to any of these money myths about women?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/qiana-chavaia">Qiana Chavaia</a> of <a href="http://www.wisebread.com/4-common-money-misconceptions-about-women">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-dumb-places-you-re-leaving-your-money">6 Dumb Places You’re Leaving Your Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-every-woman-can-take-control-of-her-finances">How Every Woman Can Take Control of Her Finances</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-manage-your-money-no-budgeting-required">How to Manage Your Money — No Budgeting Required</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-good-money-management-habits-you-already-have">5 Good Money Management Habits You Already Have</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ow-do-you-deal-with-family-members-who-are-bad-at-managing-money">How Do You Deal With Family Members Who Are Bad At Managing Money?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance financial decisions impulse shopping misconceptions money management women Mon, 29 Feb 2016 10:30:28 +0000 Qiana Chavaia 1661858 at http://www.wisebread.com 5 Reasons Women Might Retire With More Wealth http://www.wisebread.com/5-reasons-women-might-retire-with-more-wealth <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-reasons-women-might-retire-with-more-wealth" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_money_pink_000007951788.jpg" alt="Learning reasons why women might retire with more wealth" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>We hear a lot about how women might be shortchanged in terms of earnings, but there are also plenty of ways women can excel financially. From potentially stronger savings and investment habits, to longer lifespans, women enjoy some serious wealth-building advantages, as well. Here are five reasons women might retire with more wealth.</p> <h2>1. More Women Are Gaining Higher Education</h2> <p>In fact, women are handily defeating men in the college game. Because women are more likely to <a href="https://www.washingtonpost.com/news/storyline/wp/2014/12/11/women-are-dominating-men-at-college-blame-sexism/">graduate from college</a> than their male counterparts, they enter the workforce in better shape. Sure, women are more likely to enter lower-paid areas of the education and health sectors, but they are also breaking into business and <a href="https://www.washingtonpost.com/news/morning-mix/wp/2015/04/14/study-finds-surprisingly-that-women-are-favored-for-jobs-in-stem/">STEM programs</a> at an increasing rate.</p> <p>While college loan debt can slow down your plans to save, the correlation between college and increased earnings is still present. The trick is to start investing as soon as you begin to see your margin of expendable income widen, ideally before age 30.</p> <h2>2. Women Are Living and Working Longer</h2> <p>That's right: Women typically live longer, and thus have more healthful years during which they may work. That means continuing to work in later years &mdash; when earnings may be higher, and more returns from compound interest on savings enjoyed. It also means a postponed retirement, which allows your investments to grow for longer.</p> <p>Check out this handy guide to <a href="http://www.wisebread.com/how-much-should-you-have-saved-for-retirement-by-30-40-50">reaching your investing goals</a>.</p> <h2>3. Women Are Better Savers at all Income Levels</h2> <p>The road is full of unexpected hurdles to saving, and expensive emergencies are all but inevitable. The good news for female workers is that women are <a href="https://institutional.vanguard.com/iam/pdf/GENDRESP.pdf?cbdForceDomain=true">better at saving</a> than men in general. If that weren't enough, the same study showed that women are also better at managing their 401K accounts than men.</p> <p>It still takes discipline, however, to work this psychology to your advantage. Make specific goals and stick to them.</p> <h2>4. Forgoing Children Could Mean More Savings</h2> <p>On the fence about starting a family? According to the 2014 census, 48% of women between the ages of 18 and 44 <a href="http://www.huffingtonpost.com/2015/04/09/childless-more-women-are-not-having-kids-says-census_n_7032258.html">do not have children</a>. Clearly, women are increasingly waiting to have kids, or deferring the option altogether.</p> <p>Consider that this may mean more money for those women down the line. Delaying kids can mean more time to solidify your career and earnings, amass savings, and reduce debt before the financial pressures of kids arrive. If you are a 20- or 30-something still weighing the options, avoiding the fate of the <a href="http://www.pewsocialtrends.org/2013/01/30/the-sandwich-generation/">sandwich generation</a> might be a deciding factor in postponing or entirely forgoing children.</p> <h2>5. Women Are Less Likely to Make Risky Trades</h2> <p>In addition to being better savers, more educated, and having more working years in which to save, women are also less likely to gamble their savings in poor investments. Women are generally <a href="http://www.nextavenue.org/do-women-and-men-differ-retirement-savers/">more risk averse</a> than men.</p> <p>That said, there is no reason not to learn how to pick more varied investments and take a slightly higher risk (hopefully for greater rewards) every now and then. Try listening to these <a href="http://www.wisebread.com/the-5-best-money-podcasts">great money podcasts</a> to pick up tips and stay up to date with the market.</p> <p>Women enjoy a variety of natural advantages when it comes to earning and managing money. The key is making full use of them to strengthen your financial roadmap.</p> <p><em>Are you taking steps to secure your retirement?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amanda-meadows">Amanda Meadows</a> of <a href="http://www.wisebread.com/5-reasons-women-might-retire-with-more-wealth">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-signs-you-arent-saving-enough-for-retirement">10 Signs You Aren&#039;t Saving Enough for Retirement</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-reasons-people-dont-retire-early-and-how-you-can">4 Reasons People Don&#039;t Retire Early — and How You Can</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-your-taxes-will-change-when-you-retire">Here&#039;s How Your Taxes Will Change When You Retire</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-retirement-planning-steps-late-starters-must-make">7 Retirement Planning Steps Late Starters Must Make</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-reasons-why-a-roth-ira-may-be-better-than-your-401k">4 Reasons Why a Roth IRA May be Better Than Your 401(k)</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement education gender IRA savings 401k women Thu, 31 Dec 2015 14:00:03 +0000 Amanda Meadows 1629244 at http://www.wisebread.com Best Money Tips: Smart Retirement Strategies for Women http://www.wisebread.com/best-money-tips-smart-retirement-strategies-for-women <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-smart-retirement-strategies-for-women" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/smart_woman_thinking_000080192057.jpg" alt="Woman using smart retirement strategies for women" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found smart retirement strategies for women, DIY cleaning products that you can make for pennies, and lessons we can learn from Jedi Master Yoda.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.kiplinger.com/slideshow/retirement/T037-S001-smart-retirement-strategies-for-women/index.html">9 Smart Retirement Strategies for Women</a> &mdash; If you're a stay-at-home parent with no outside income, you can still open a spousal IRA or Roth IRA as long as your spouse has a paying job. [Kiplinger]</p> <p><a href="http://www.popsugar.com/smart-living/DIY-Cleaning-Products-28901279">Make These 69 DIY Cleaning Products For Pennies</a> &mdash; Stop wasting your dollars on store-bought dish soap! Make your own at home and personalize the scents with essential oils. [PopSugar Smart Living]</p> <p><a href="http://www.dumblittleman.com/2015/12/15-lessons-can-learn-jedi-master-yoda.html">15 Lessons You Can Learn From Jedi Master Yoda</a> &mdash; Yoda teaches that to grow, you need to unlearn what you have learned. Your attitude and perspective need to change if you want to make progress. [Dumb Little Man]</p> <p><a href="http://www.lifehack.org/350330/50-small-things-that-make-up-a-perfect-day">50 Small Things That Make Up A Perfect Day</a> &mdash; When you're having a bad day, doing one of these small things can make it better. [Lifehack]</p> <p><a href="http://www.experian.com/blogs/news/about/achieve-financial-goals/">Creating Financial Goals You&rsquo;ll Actually Achieve</a> &mdash; Join Experian's #CreditChat tomorrow at 3 p.m. EST for a discussion on creating smart financial goals. [Experian]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.csmonitor.com/Business/Saving-Money/2015/1226/After-Christmas-sales-What-to-expect-this-year">After Christmas sales: What to expect this year</a> &mdash; If you hurry, you may still be able to snag great deals on electronics like cameras and audio equipment! [The Monitor]</p> <p><a href="http://adebtfreestressfreelife.com/housekeeping-tips-for-the-domestically-challenged/">Housekeeping Tips for The Domestically Challenged</a> &mdash; Don't compare the state of your home to someone else's. Be kind to yourself and just do the best you can. [A Debt Free Stress Free Life]</p> <p><a href="http://timemanagementninja.com/2015/12/10-things-to-get-done-when-no-one-is-in-the-office/">10 Things to Get Done When No One is in the Office</a> &mdash; Take advantage of a quiet workplace to tackle admin tasks that usually don&rsquo;t get done due to interruptions and higher priorities. [Time Management Ninja]</p> <p><a href="http://productivitytheory.com/how-to-recognize-when-a-coworker-needs-help/">How to Recognize When a Coworker Needs Help</a> &mdash; Don't ignore odd behaviors. Your co-worker may be struggling but not sure how to ask for help. Make it clear you're concerned and want to give support if you can. [Productivity Theory]</p> <p><a href="http://parentingsquad.com/5-ways-to-start-the-new-year-off-right-as-a-family">5 Ways to Start the New Year Off Right as a Family</a> &mdash; Plan fun adventures as a family! They don't have to be expensive trips; try monthly outings to local events, morning hikes, scavenger hunts, or evening plays. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amy-lu">Amy Lu</a> of <a href="http://www.wisebread.com/best-money-tips-smart-retirement-strategies-for-women">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-reasons-women-might-retire-with-more-wealth">5 Reasons Women Might Retire With More Wealth</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-surprising-things-women-should-know-about-retirement-planning">12 Surprising Things Women Should Know About Retirement Planning</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-steps-for-a-womans-financial-self-defense">6 Steps for a Woman&#039;s Financial Self-Defense</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-retirement-accounts-you-dont-need-a-ton-of-money-to-open">5 Retirement Accounts You Don&#039;t Need a Ton of Money to Open</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-things-financial-advisers-wish-you-knew-about-retirement">7 Things Financial Advisers Wish You Knew About Retirement</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement best money tips retirement strategies women Tue, 29 Dec 2015 20:00:04 +0000 Amy Lu 1629155 at http://www.wisebread.com The 6 Best Makeup Kits You Can DIY for $50 or Less http://www.wisebread.com/the-6-best-makeup-kits-you-can-diy-for-50-or-less <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-6-best-makeup-kits-you-can-diy-for-50-or-less" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_makeup_000072708587.jpg" alt="Woman creating DIY makeup kits for less than $50" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Your skin is not the same today as it was when you were a teenager. Your makeup style and skin care needs will also change at different phases of your life. That means your makeup should change as well.</p> <p>We've created several makeup kits that total $50 or less to help you put your best face forward, at every stage of your life. We've included products that have been selected based on makeup artist recommendations, online reviews, editors' picks, and beauty award recipients. Keep in mind that every person is different and these suggestions are just meant to get you started on the path to finding the perfect makeup kit. (See also: <a href="http://www.wisebread.com/9-keys-to-creating-an-affordable-makeup-kit-youll-love?ref=seealso">9 Keys to Creating an Affordable Makeup Kit You'll Love</a>)</p> <h2>1. Teens and 20s</h2> <p>Now is the time in your life when it's encouraged to go bold. Vibrant eyeshadows, eye-catching lip colors, and big lashes are perfect for your youthful look.</p> <p>At this stage in your life, powder, blush, bronzer, eye shadow, eyeliner, mascara, brow gel or pencil, and lip gloss are all appropriate. You may also want to take advantage of items like acne-fighting concealer, which can cover up acne while preventing future breakouts.</p> <h3>Kit #1 &ndash; Total $47.56</h3> <ul> <li><a href="http://www.amazon.com/gp/product/B002SPWMGU/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B002SPWMGU&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=3652TS4GELOM3Z2V" target="_blank">Clinique Acne Solutions Clearing Concealer</a> &ndash; $18.00</li> </ul> <p>Women's Health recommends this to clear and perfect the skin.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00FNGS9RM/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00FNGS9RM&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=M5UE64S4SJOY2LRB" target="_blank">E.L.F. Beauty Book Eye Makeup Palette</a> &ndash; $7.00</li> </ul> <p>Teen Vogue recommends the <a href="http://www.amazon.com/gp/product/B018E7V76Q/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B018E7V76Q&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=FQQSEC6YQBXRHBEL">E.L.F. Little Black Book</a>, but this more affordable palette will do the trick.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B0149AC6V2/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B0149AC6V2&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=WUESCPQYGDT4SVVX" target="_blank">Almay Amazing Lasting 16 Hour Eye Pencil and One Coat Mascara</a> &ndash; $11.44</li> </ul> <p>Teen Vogue recommends this eye pencil because it's easy to use for beginners and comes with a conditioning mascara.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B002S8Z660/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B002S8Z660&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=74V3RCP2T34VEAMR" target="_blank">NYX Auto Eyebrow Pencil</a> &ndash; $4.27</li> </ul> <p>Teen Vogue loves this product because it comes with a self-sharpening eyebrow pencil on one end, and a built-in brush on the other side.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00BKH9HRE/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00BKH9HRE&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=K2CVXQTXI4MHF4KE" target="_blank">NYX Cosmetics Butter Lip Gloss</a> &ndash; $6.85</li> </ul> <p>This is frequently recommended for beginners because it is easy to apply and can produce dramatic results.</p> <h3>Kit #2 &ndash; Total $44.21</h3> <ul> <li><a href="http://www.amazon.com/gp/product/B0017SUE96/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B0017SUE96&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=YFI32BKTN7WQS4W5" target="_blank">Murad Acne Treatment Concealer</a> &ndash; $14.53</li> </ul> <p>Dermatologists frequently recommend this to clear and perfect the skin.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00WACVALE/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00WACVALE&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=LCA2OD7LX2VTSQZI" target="_blank">Milani Baked Powder Blush</a> &ndash; $7.57</li> </ul> <p>Teen Vogue recommends this because it offers great color payoff with each swipe.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00YJJWLVO/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00YJJWLVO&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=RRTHWXP6ARKJAEJ5" target="_blank">Maybelline New York Eyestudio Lasting Drama Waterproof Gel Eye Pencil</a> &ndash; $5.99</li> </ul> <p>This brings the drama and is frequently recommended for women in their 20s.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B0094GHINS/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B0094GHINS&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=VXJHHW5NYSMXCHXW" target="_blank">Covergirl Clump Crusher Mascara By Lashblast</a> &ndash; $6.65</li> </ul> <p>Teen Vogue recommends this for dramatic results.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B001KYU4Y2/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B001KYU4Y2&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=J4QRJIRVKYAK6ARC" target="_blank">Maybelline New York Define-A-Brow Eyebrow Pencil</a> &ndash; $5.41</li> </ul> <p>This is frequently raved about online because it's perfect for beginners.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B001Q4ZJVO/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B001Q4ZJVO&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=P5A7CMTVLFYSCIGS" target="_blank">CoverGirl Outlast Lipstain</a> &ndash; $4.06</li> </ul> <p>Teen Vogue recommends this for women in their teens and 20s.</p> <h2>2. 30s and 40s</h2> <p>At this phase of your life, it's time to trade in the lip gloss, shimmer powder, and dramatic eyeliner for something a little more mature, such as a lip stain, foundation, and smudgeable kohl eyeliner. Find makeup that improves the condition of your skin while helping to perfect it.</p> <p>You also want to continue protecting your skin from the sun's harmful rays with things like BB creams and tinted sunscreens. BB cream will offer a number of benefits, and can serve as your sunscreen, primer, foundation, and concealer in one. The Today Show found that a good eye cream, wrinkle treatment, and tinted moisturizer are also must-haves at this stage of your life.</p> <h3>Kit #1 &ndash; Total $43.77</h3> <ul> <li><a href="http://www.amazon.com/gp/product/B00D6EDGZI/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00D6EDGZI&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=PIXHPFNBUS7RXJQA" target="_blank">Pond's Luminous Finish BB Plus Cream with SPF 15</a> &ndash; $8.15</li> </ul> <p>Teen Vogue recommends this for women who want to protect, preserve, and improve the condition of their skin.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B006UETAO2/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B006UETAO2&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=6VTJELEN5MQTGTNU" target="_blank">Maybelline New York Dream Lumi Touch Highlighting Concealer</a> &ndash; $6.12</li> </ul> <p>Teen Vogue claims noticeable results and simple application.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00L0R5494/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00L0R5494&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=EXJ36SE4QRTCTXO7" target="_blank">Maybelline New York The Nudes Eyeshadow Palette</a> &ndash; $9.49</li> </ul> <p>The Urban Decay Naked palettes are frequently recommended for women of all ages (particularly at this phase of your life); instead of spending your whole budget on one palette, consider this famous dupe.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B004HYRH06/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B004HYRH06&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=PIG6USEIIKTY6PR4" target="_blank">Physicians Formula Eye Booster 2-in-1 Lash Boosting Eyeliner + Serum</a> &ndash; $7.66</li> </ul> <p>This will enhance your lashes and eyes in one.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00EMAM9BC/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00EMAM9BC&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=45Q2UFPPD4AYK22A" target="_blank">CoverGirl Lashblast Mascara</a> &ndash; $6.94</li> </ul> <p>This is frequently recommended because it enhances the volume and fullness of dull or flat lashes.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B008HP2VRU/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B008HP2VRU&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=VUR7XYNKVDL4BKVJ" target="_blank">Revlon ColorBurst Balm Stain</a> &ndash; $5.41</li> </ul> <p>PopSugar and Teen Vogue like this for the right amount of drama, and a number of the Victoria's Secret Angels also swear by them.</p> <h3>Kit #2 &ndash; Total $48.09</h3> <ul> <li><a href="http://www.amazon.com/gp/product/B001MS7HIW/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B001MS7HIW&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=OIELI4Z5YFQPKFPB" target="_blank">Neutrogena Cosmetics Healthy Skin Liquid Makeup, SPF 20</a> &ndash; $11.99</li> </ul> <p>Teen Vogue loves this because the blend of antioxidants will help maintain your skin's youthful look, while SPF 20 will protect it from the sun's harmful rays.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B002S8VFHE/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B002S8VFHE&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=OBVP2WGBGW2FF3PS" target="_blank">NYX Cosmetics Concealer</a> &ndash; $4.75</li> </ul> <p>This is frequently recommended because it can hydrate dry, aging skin while providing medium coverage.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B007NNTAXK/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B007NNTAXK&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=XZCLOTOCJXA7VIZT" target="_blank">NYX Matte Bronzer</a> &ndash; $9.66</li> </ul> <p>Bronzer will help sculpt and define the face at any age. This one is frequently recommended because it is completely matte and offers no shimmer or shine.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B006UET6YG/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B006UET6YG&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=QLYHPNWEAHFCM6SN" target="_blank">Maybelline 24 Hour Eyeshadow</a> &ndash; $5.64</li> </ul> <p>Allure recommends this for just the right amount of shimmer at any age.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00K8I4320/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00K8I4320&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=47KT5U6Q7WCH7Z7E" target="_blank">Revlon Bold Lacquer Grow Luscious Length+Volume Mascara</a> &ndash; $4.32</li> </ul> <p>Allure recommends this for lashes that are beginning to lose their volume.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00YJJWRKO/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00YJJWRKO&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=TKBKR73E7AQ6JQ2B" target="_blank">Maybelline New York Eyestudio Brow Define and Fill Duo</a> &ndash; $6.99</li> </ul> <p>This duo is frequently recommended because it offers a wax pencil and filling powder in one.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00B0GOSNI/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00B0GOSNI&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=IAEAUMTOFMKDPED3" target="_blank">Maybelline New York Color Sensational Vivids Lipcolor</a> &ndash; $4.74</li> </ul> <p>The Today Show recommends this because it offers the right amount of drama for all ages.</p> <h2>3. 50s+</h2> <p>You may need a bit more coverage for issues like sun damage and signs of aging. Look for moisturizing items that contain SPF and/or antioxidants to protect your skin. Go light on powders or anything that can settle into fine lines. You should also stay away from matte or shimmery eye shadows because they can make skin appear aged and dry. Try dark brown eyeliner over black for a more sophisticated, sultry look. It's also time to trade in any glossy lipsticks for matte. Eyelashes flatten as you age, so you'll also want to invest in a good eyelash curler and lengthening or curling mascara.</p> <p>For the most youthful, flawless looking skin, you'll want to use foundation, concealer, blush, and highlighters. In fact, celebrity makeup artist, Joanna Schlip, said that highlighters are the secret weapon for women ages 40 and over because they can provide dramatic effects that mimic a facelift. The Today Show also recommends a good CC cream and wrinkle treatment at this stage of your life.</p> <h3>Kit #1 &ndash; Total $48.12<strong> </strong></h3> <ul> <li><a href="http://www.amazon.com/gp/product/B00C67EGXM/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00C67EGXM&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=34ODMFRJFUZ5VT62" target="_blank">CoverGirl Plus Olay Eye Rehab Concealer</a> &ndash; $3.88</li> </ul> <p>Better Homes and Gardens recommends this for women over 50 because it covers dark circles without settling into fine lines.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00112AJV6/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00112AJV6&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=77AM4UKY6Y7FIZJX" target="_blank">L'Oreal Paris Visible Lift Line-Minimizing &amp; Tone-Enhancing Makeup</a> &ndash; $4.27</li> </ul> <p>This is frequently lauded because it covers imperfections, hydrates the skin, prevents sun damage, and fights the signs of aging.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00L2OZ9N6/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00L2OZ9N6&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=CLUUGS6N2XKUES47" target="_blank">L'Oreal Paris Visible Lift Blur Blush</a> &ndash; $11.39</li> </ul> <p>Better Homes and Gardens recommends this for women over 50 because it blurs dullness, delivers anti-aging benefits, and visibly lifts the skin.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B017GF5M0E/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B017GF5M0E&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=C7INSIJIVVN6N5MU" target="_blank">Clinique All About Shadow Quad</a> &ndash; $8.99</li> </ul> <p>This can define your eyes without being too matte or shimmery.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00DNK5UR2/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00DNK5UR2&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=JHEJXM6QOTTYUWYZ" target="_blank">Rimmel Scandaleyes Waterproof Kohl Kajal Liner</a> &ndash; $4.99</li> </ul> <p>This can be smudged for a more subtle look that instantly adds drama and smokiness to the eyes.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00H7ZGGGI/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00H7ZGGGI&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=3DQHVFYBKXX7F4FV" target="_blank">Bare Minerals Eye Care Frame &amp; Define Brow Styler</a> &ndash; $9.41</li> </ul> <p>Better Homes and Gardens recommends this for women over 50 because it can help to instantly shape and frame the face and is subtle enough even for sparse brows.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B002LFNOM8/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B002LFNOM8&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=MUAIIVWV6J4ANJQK" target="_blank">Maybelline New York ColorSensational Lipcolor</a> &ndash; $5.19</li> </ul> <p>Better Homes and Gardens suggests this for women over 50 because it is creamy, nourishing, and adds just enough drama.</p> <h3>Kit #2 &ndash; Total $45.90</h3> <ul> <li><a href="http://www.amazon.com/gp/product/B003O7IBUW/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B003O7IBUW&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=GETR4YZP6HFK3MVD" target="_blank">Aveeno Positively Radiant CC Cream SPF 30, Medium Tinted Moisturizer</a> &ndash; $13.03</li> </ul> <p>The Today Show recommends this because it will cover up signs of aging while protecting your skin from further sun damage.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B004Y9GY44/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B004Y9GY44&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=AZCEXW55YDJUSRYV" target="_blank">Maybelline New York Instant Age Rewind Eraser Dark Circles Treatment Concealer</a> &ndash; $6.64</li> </ul> <p>This cult classic will fight the signs of aging, erase the appearance of dark circles, puffiness, and fine lines, and conceal blemishes in one step.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B006UETDGC/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B006UETDGC&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=5BBDKDO45ZNABYRW" target="_blank">Maybelline New York Dream Bouncy Blush</a> &ndash; $6.12</li> </ul> <p>This is frequently recommended because the creamy formula is ideal for dry or aging skin.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00112AJ5C/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00112AJ5C&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=OEDYJYWRD7Y4UU5O" target="_blank">CoverGirl Eye Enhancers 1 Kit Shadow</a> &ndash; $5.90</li> </ul> <p>This can enhance the eyes, making them appear more sultry, without adding too much shimmer to your look.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B001Q8BRE8/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B001Q8BRE8&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=KEWCYI2M3A2CYMLN" target="_blank">Maybelline New York Express Eyeliner</a> &ndash; $4.72</li> </ul> <p>Harper's Bazaar recommends this for women over 50 because it is creamy and can provide the right amount of intensity.</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00IOV9JGS/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00IOV9JGS&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=NNMQJ4JP4RUCIJPG" target="_blank">L'Oreal Paris Colour Riche Extraordinaire Lip Color</a> &ndash; $9.49</li> </ul> <p>Harper's Bazaar suggests this for women over 50 because it will smooth out fine lines on the lips.</p> <h2>4. The Best Products in Each Category</h2> <p>For more affordable, award-winning cosmetics, read our top picks for the following types of makeup and skin care products:</p> <ul> <li><a href="http://www.wisebread.com/the-5-best-concealers">Concealers</a></li> <li><a href="http://www.wisebread.com/the-5-best-foundations">Foundations</a></li> <li><a href="http://www.wisebread.com/the-5-best-contour-powders">Contour powders</a></li> <li><a href="http://www.wisebread.com/the-5-best-bb-creams">BB creams</a></li> <li><a href="http://www.wisebread.com/the-5-best-cc-creams">CC creams</a></li> <li><a href="http://www.wisebread.com/the-5-best-eyebrow-pencils">Eyebrow pencils</a></li> <li><a href="http://www.wisebread.com/the-5-best-mascaras">Mascaras</a></li> <li><a href="http://www.wisebread.com/the-5-best-false-eyelashes">False eyelashes</a></li> <li><a href="http://www.wisebread.com/the-5-best-lip-liners">Lip liners</a></li> <li><a href="http://www.wisebread.com/the-5-best-primers">Makeup primers</a></li> <li><a href="http://www.wisebread.com/the-5-best-eye-creams">Eye creams</a></li> <li><a href="http://www.wisebread.com/the-5-best-anti-aging-creams">Anti-aging creams</a></li> <li><a href="http://www.wisebread.com/the-5-best-facial-moisturizers">Facial moisturizers</a></li> <li><a href="http://www.wisebread.com/the-5-best-acne-treatments">Acne treatments</a></li> <li><a href="http://www.wisebread.com/the-5-best-face-washes">Face washes</a></li> <li><a href="http://www.wisebread.com/the-5-best-facial-toners">Facial toners</a></li> <li><a href="http://www.wisebread.com/the-5-best-serums">Serums</a></li> <li><a href="http://www.wisebread.com/the-5-best-sunscreens">Sunscreens</a></li> <li><a href="http://www.wisebread.com/the-5-best-self-tanners">Self-tanners</a></li> </ul> <p><em>What other items would you include in an age-appropriate makeup kit for under $50? Please share your thoughts in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/the-6-best-makeup-kits-you-can-diy-for-50-or-less">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-beauty-tools-that-arent-worth-the-money">7 Beauty Tools That Aren&#039;t Worth the Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-double-uses-for-things-in-your-makeup-drawer">7 Double Uses for Things in Your Makeup Drawer</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-generic-beauty-buys-better-than-the-expensive-originals">7 Generic Beauty Buys Better Than the Expensive Originals</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-eyebrow-pencils">The 5 Best Eyebrow Pencils</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-keys-to-creating-an-affordable-makeup-kit-youll-love">9 Keys to Creating an Affordable Makeup Kit You&#039;ll Love</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Health and Beauty affordable cosmetics kits makeup products women Tue, 29 Dec 2015 18:00:02 +0000 Andrea Cannon 1625939 at http://www.wisebread.com 47 Unique Gift Ideas for Women http://www.wisebread.com/47-unique-gift-ideas-for-women <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/47-unique-gift-ideas-for-women" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_holding_gift_000052221060.jpg" alt="Finding 47 unique gift ideas for women" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Choosing the perfect gift can be difficult, especially when you have someone on your list who &quot;already has everything.&quot; That's why we've found some of the best gift ideas for every woman in your life. (See also: <a href="http://www.wisebread.com/50-unique-gift-ideas-for-men?ref=seealso">50+ Unique Gift Ideas for Men</a>)</p> <h2>1. How to Find Ideas</h2> <p>If she can't think of any gift ideas, or you don't want to ask, then consider the following sneaky ways to figure out what she has her eye on.</p> <h3>Check Her Pinterest Boards</h3> <p>Pinterest comes standard with boards like &quot;Products I Love&quot; and &quot;My Style,&quot; which may contain some gift ideas. However, most women have more than just the standard Pinterest boards, so keep an eye peeled!</p> <h3>Check Her Amazon Wishlist</h3> <p>Amazon wishlists work like gift registries. You can find all of the things she wants in one place and buy them on the spot. If she does not have an Amazon wishlist, ask her to make one. Then, she's guaranteed to get exactly what she wants.</p> <h3>Go Window Shopping</h3> <p>Go shopping together and pay extra attention to what she shows interest in. You may get exact gift ideas, or at least some new general thoughts on what she likes.</p> <h3>Ask Her Friends and Family</h3> <p>When you're stumped for ideas, her friends and family can help. You will also score brownie points for the sentiment.</p> <h2>2. Find Something Meaningful</h2> <p>You don't need to spend a lot of money to give her something meaningful. Some of the best sentimental gift ideas include:</p> <ul> <li>A <a href="http://www.amazon.com/gp/product/1601065477/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=1601065477&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=2U4KPZCEX35P36D7">fill-in-the-blank journal</a>, which is both affordable and a sweet gesture.<br /> &nbsp;</li> <li>Choose a gift that acknowledges a special date, like a <a href="http://www.amazon.com/gp/product/B004S0ETHI/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B004S0ETHI&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=6SBDQTH4RQ4FXXHU">birthday girl bathroom set</a>.<br /> &nbsp;</li> <li>Is she a lefty? Give her something to help with everyday tasks, like a simple <a href="http://www.amazon.com/gp/product/B00JVEL1VS/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00JVEL1VS&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=6QGIQANRQY4MH57B">utensil set</a>.<br /> &nbsp;</li> <li><a href="http://www.amazon.com/gp/product/B00ZH418GO/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00ZH418GO&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=MUP7OBT5WYXC4Q6T">Custom signs</a> and <a href="http://www.familymatrix.com/products.html">family matrix clothing</a> are unique, personalized, and affordable.<br /> &nbsp;</li> <li>Choose a <a href="http://www.amazon.com/gp/product/B00380TQ54/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00380TQ54&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=KNUMM3DFFZTUGGL7">personalized tote</a>, <a href="http://www.amazon.com/gp/product/B001DHJJTM/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B001DHJJTM&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=LB5AZZ4XZUKUVIR4">monogrammed mug</a>, or notebook with her initial.<br /> &nbsp;</li> <li><a href="http://www.amazon.com/gp/product/B006Y4MNCO/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B006Y4MNCO&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=6QU7SN4RS4WWJQPQ">&quot;I love you&quot; bean plant</a>. She'll be reminded of how much you love her as the plant grows.<br /> &nbsp;</li> <li>Baking mixes in a jar are a quick, affordable DIY gift that she can enjoy on a busy night. If you include the recipe, it will be the gift that keeps on giving.</li> </ul> <h2>3. Unique Kitchen Supplies</h2> <p>Regardless of whether she has a nicely-stocked kitchen or is just starting out, the following items are something almost anyone can use (or replace their current one with):</p> <ul> <li><a href="http://www.amazon.com/gp/product/B000KO4EV2/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B000KO4EV2&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=XGCGUJZIEO4NSLMQ">Spice rack</a></li> <li><a href="http://www.amazon.com/gp/product/B00RPVG6NW/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00RPVG6NW&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=NWO4V7JT2KT7RY3X">Funny wine glasses</a></li> <li><a href="http://www.amazon.com/gp/product/B00C28P396/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00C28P396&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=YSEZZLOPSRLVMTH4">Apron</a></li> <li><a href="http://www.amazon.com/gp/product/B00NQBUF2S/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00NQBUF2S&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=5QPLXNTW665SOAKV">Wine bottle holder</a></li> <li><a href="http://www.amazon.com/gp/product/B001SALF7S/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B001SALF7S&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=72KXAC4CK3ONJHIL">Wine purse</a></li> </ul> <h2>4. Coffee Essentials</h2> <p>There are a plethora of gifts to help coffee lovers get more from their daily cup of joe. Some of the best coffee-related gifts include:</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00FMJDJ5C/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00FMJDJ5C&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=ZMHORGMTOSSISIGR">French press</a></li> <li><a href="http://www.amazon.com/gp/product/B005BR7JJM/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B005BR7JJM&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=QXWXDXGJZ35BSO3X">Funny coffee mugs</a></li> <li><a href="http://www.amazon.com/gp/product/B000CO89T8/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B000CO89T8&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=NVC2M67TM4CAY6DY">Mug warmer</a></li> <li><a href="http://www.amazon.com/gp/product/B00NX1O5JK/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00NX1O5JK&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=BPVMWOXC7UYKBMVW">Self stirring mug</a></li> <li><a href="http://www.amazon.com/gp/product/B00OPA93P4/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00OPA93P4&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=2XEUAZ2T7K6WTDPX">Cold brew coffee maker</a></li> <li><a href="http://www.amazon.com/gp/product/B010BZXQ68/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B010BZXQ68&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=3AHT6BCFHTO7OGFE">Gourmet coffees</a> and <a href="http://www.amazon.com/gp/product/B003PFWNSE/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B003PFWNSE&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=GUJWHFZTG4BUC7H5">flavored syrups</a></li> </ul> <h2>5. Book Accessories</h2> <p>If she's an avid reader, there are tons of gift ideas you can take advantage of, without having to know her taste in books. Some of the best book-related gifts include:</p> <ul> <li>Gift card to her favorite bookstore</li> <li><a href="http://www.amazon.com/gp/product/B00MUAJRR0/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00MUAJRR0&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=3W4QP3C7XT4IXWUE">Unique bookmark</a></li> <li><a href="http://www.thinkgeek.com/product/1ff5/">Book messenger bag </a></li> <li><a href="http://www.thinkgeek.com/product/1545/">Book pillows</a></li> <li><a href="http://www.amazon.com/gp/product/0547884591/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=0547884591&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=NILAJD3OCU4HQ7PR">Four-hour books</a></li> </ul> <h2>6. Appeal to Her Inner Child</h2> <p>To appeal to her free-spirited inner child, consider some of these fun gifts below:</p> <ul> <li><a href="http://www.amazon.com/gp/product/B00BKJ7HCY/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00BKJ7HCY&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=CIOQYO4LBMOWII53">Unicorn slippers</a></li> <li><a href="http://www.amazon.com/gp/product/B00PN22I6O/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00PN22I6O&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=WAHPL7ZSBUHXCYZB">Fun heated pillow warmer</a></li> <li><a href="http://www.amazon.com/gp/product/B00AC8UQVS/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00AC8UQVS&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=CA7432AEXGHQFUAZ">Fun heated slippers</a></li> <li><a href="http://www.amazon.com/gp/product/B00CF3TL0A/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00CF3TL0A&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=U4VW4D2MUP6YABWL">Hello Kitty wearable blanket</a></li> <li><a href="http://www.amazon.com/gp/product/B00O71O8XS/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00O71O8XS&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=M3CCY6EM27BGMSZM">Temporary tattoos</a></li> <li><a href="http://www.amazon.com/gp/product/0811870197/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=0811870197&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=S3CGM4TAJ35HAAPS">One Line a Day journal</a></li> </ul> <h2>7. Items to Be Careful About</h2> <p>Just as there are gifts that <em>will</em> work for most women, there are also gifts that<em> won't</em> work for most women. Before buying any of these items, make sure to take into account her personal style and taste.</p> <h3>Perfume</h3> <p>Most people are very particular about their perfume or cologne, so it isn't always a simple thing to buy. A <a href="http://www.amazon.com/gp/product/B00ZYR38P8/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00ZYR38P8&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=H4AORTEGAIVA25OA">perfume sample kit</a>, on the other hand, is a great way for her to find a new favorite scent.</p> <h3>Cosmetics</h3> <p>Unless you know her exact shade and favorite formulas, it's not usually a good idea to buy a woman makeup or skin care products she hasn't specifically asked for. Think about getting her a nice <a href="http://www.amazon.com/gp/product/B00DUJEWDE/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00DUJEWDE&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=5GQODZQUGCKY53V4">cosmetics storage display case</a> instead.</p> <h3>Jewelry</h3> <p>It can be difficult (and costly) to buy her jewelry. Instead, think about buying her a nice new <a href="http://www.amazon.com/gp/product/B00NJBMIZW/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00NJBMIZW&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=VMOSE55N7RMP6OOT">jewelry box</a>, or maybe a <a href="http://www.amazon.com/gp/product/B00CHEYKCQ/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00CHEYKCQ&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=Q7QFTIU2TWT23TGK">decorative jewelry stand</a> or <a href="http://www.amazon.com/gp/product/B002CK4YP8/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B002CK4YP8&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=K76JL3VJJ6LZ426C">keepsake box</a>. If you still want to buy her jewelry of some sort, try something unique, like a <a href="http://www.amazon.com/gp/product/B00AKNK1VK/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00AKNK1VK&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=ODUDTRUWCOJ3ZVBT">pearl necklace</a> where she harvests the pearl, or a <a href="http://www.uncommongoods.com/product/birth-month-flower-necklace">birth month flower pendant</a>.</p> <h3>Clothing</h3> <p>Unless you know her size and personal style, it can be a risk to guess what clothing and accessories she might like. If you really want to buy her something to wear, consider a <a href="http://www.amazon.com/gp/product/B009K6Z0HI/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B009K6Z0HI&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=4ZJUIEXFF52YZX73">kimono robe</a> or some <a href="http://www.amazon.com/gp/product/B00NCATGB4/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00NCATGB4&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=ZCNEKE3J2UB2HOQG">comfy socks</a> she can cuddle up with.</p> <h2>5. When All Else Fails</h2> <p>Still stumped? When nothing seems like the right fit for her, there are some generic ideas that nearly anyone will love. You can still customize the gift and show her that you put plenty of thought into it.</p> <h3>Gift Cards</h3> <p>As long as you choose a gift card to one of her favorite stores and wrap it in a fun way, she'll be thrilled.</p> <h3>An Experience</h3> <p>Instead of giving a gift this year, think about giving her a tour, massage, spa service, cooking class, dance class, or art class. She'll be able to learn a new craft or hone her skills.</p> <h3>Bathroom Essentials</h3> <p>Choose a relaxing bathroom set, <a href="http://www.amazon.com/gp/product/B0089FIKC8/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B0089FIKC8&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=HDCBNWTPJGXK3G2P">manicure must-haves</a>, or an <a href="http://www.amazon.com/gp/product/B004EDWMBO/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B004EDWMBO&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=PKQLLOTS6O3VCDX2">essential beauty kit</a>.</p> <h3>Subscription Boxes</h3> <p>You can choose from food, beauty, and clothing subscriptions, among others. You can also choose from pre-made boxes, or surprise her with one customized to her preferences. You can send her one box or sign her up for ongoing subscriptions so she receives another the following month. (See also: <a href="http://www.wisebread.com/the-10-best-monthly-subscription-box-services?ref=seealso">The 10 Best Monthly Subscription Boxes</a>)</p> <p><em>Do you have other unique gift ideas for the woman who has everything? Please share your thoughts in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/47-unique-gift-ideas-for-women">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-gifts-that-wont-become-clutter">9 Gifts That Won&#039;t Become Clutter</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-you-can-totally-regift-and-7-things-you-shouldnt">10 Things You Can Totally Regift — And 7 Things You Shouldn&#039;t</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-to-monetize-your-unwanted-gifts">How to Get Rid of Your Unwanted Gifts and Make Money Too</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-simple-holiday-budget-anyone-can-follow">The Simple Holiday Budget Anyone Can Follow</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-ways-to-get-the-most-out-of-gift-cards">4 Ways to Get the Most Out of Gift Cards</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping gift giving gift guides Holidays presents women Mon, 14 Dec 2015 10:01:02 +0000 Andrea Cannon 1619298 at http://www.wisebread.com 5 Times Trying to Negotiate Can Backfire http://www.wisebread.com/5-times-trying-to-negotiate-can-backfire <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-times-trying-to-negotiate-can-backfire" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/employee_meeting_work_000048989622.jpg" alt="Woman trying to negotiate and realizing it backfired" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When it comes to negotiating, the worst that can happen is that they'll say no &mdash; right? Not necessarily. Read on for our roundup of instances when negotiating can actually backfire.</p> <h2>1. When Your Negotiation Lacks Specifics</h2> <p>Whatever you're negotiating &mdash; be it an upgrade on a vacation package, better working conditions, or a pay raise &mdash; be sure that your end goal isn't so abstract that it can't be measured. Say you're on the phone with customer service for a boutique hotel that double-booked the room you had been planning to stay in on an upcoming holiday. And there are no more left with the ocean view you had wanted. You've been wronged, however innocently, and now you've got leverage. But what do you hope to get out of it? You need to be able to clearly define your negotiation goals.</p> <p>Telling customer service that you expect to be compensated for the error lacks specifics. Compensation might mean that the downgraded room you end up with comes with a bottle of champagne and free room service. It might mean a welcome drink in the lobby. It could be an upgrade to the honeymoon suite. Or a night on the house. If you don't specify what fair compensation means to you, you risk being disappointed. When negotiating, your ask should always be clear and measurable.</p> <h2>2. When You Set the Bar Too Low</h2> <p>Fear of failure is one of humankind's biggest self-imposed roadblocks. Sometimes, it haunts our negotiations. If we ask for what we think we can get rather than what we really want, we risk settling for the easier, less controversial negotiation. Setting goals we're confident we can obtain can be helpful. You should never negotiate for something that's downright outlandish.</p> <p>But when we go in the other direction and set the bar too low, we don't give our dreams a fair shot. So don't make this rookie mistake. Instead, set goals that are slightly out of reach, but not so far out that you can't achieve them. This is good advice for life as well as negotiations.</p> <h2>3. When You're Smiling</h2> <p>A new study examines how the <a href="https://www.psychologicalscience.org/index.php/news/minds-business/an-ill-timed-smile-can-hurt-you-in-negotiations.html">interpretation of facial expressions</a> can impact the outcome of business negotiations. And it's nothing to smile at. &quot;If you come to an agreement in a negotiation and you are really happy, it may not be a good idea to show how happy you are because it might lead the other person to think that you did better than they did,&quot; said Peter Carnevale, professor of management and organization at the University of Southern California's Marshall School of Business. &quot;A smile at the wrong time can discourage cooperation.&quot;</p> <h2>4. When You're a Woman</h2> <p>Research shows that initiating negotiations when female can backfire. Sad, but true. A 2007 study found that employers are less likely to hire <a href="https://www.cfa.harvard.edu/cfawis/bowles.pdf">women who ask for raises</a>. Why? Because go-getting women, in some instances, are perceived as demanding and lacking in team spirit. Even when a woman is successful in negotiating a pay raise, it can have negative impacts for her <a href="http://www2.tku.edu.tw/~tfstnet/upload/file/2013020516594546966.pdf">long-term earnings</a>, namely due to the fact that some employers will begin to view her as aggressive, according to research published in 2011. But that doesn't mean women should be less keen on negotiating and demanding what they deserve. To the contrary, they should proactively seek the best terms possible.</p> <p>Here's feminist businesswoman Sheryl Sandberg's take: Gender biases are rampant in the workplace, but don't give in to them, even if that means you risk taking on negative consequences. &quot;Every woman I know, particularly the senior ones, has been <a href="http://www.theguardian.com/lifeandstyle/2014/apr/05/sheryl-sandberg-facebook-bossy-interview">called too aggressive</a> at work,&quot; Sandberg said. &quot;We know in gender blind studies that men are more aggressive in their offices than women. We know that. Yet we're busy telling all the women that they're too aggressive. That's the issue.&quot;</p> <h2>5. When You're Looking to Settle Your Credit Card Debt</h2> <p>Settling your credit card debt for less than what you owe is likely to <a href="http://www.kiplinger.com/article/credit/T017-C000-S002-if-i-negotiate-a-payoff-will-it-hurt-my-score.html">hurt your credit score</a> quite a bit. If your credit score is intact, you might want to think twice before opening up negotiations. If your credit card issuer agrees to close your account in exchange for a lump sum, your credit score wouldn't suffer. But that's not standard protocol. Common practice is for the issuer to report the number of days your account was delinquent as well as the fact that your debt was settled for less than the full amount.</p> <p><em>When has negotiating backfired for you?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/5-times-trying-to-negotiate-can-backfire">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-7"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-retailers-where-you-can-negotiate-a-lower-price">11 Retailers Where You Can Negotiate a Lower Price</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-these-8-questions-to-get-a-better-price">Ask These 8 Questions to Get a Better Price</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/this-simple-negotiating-trick-puts-money-in-your-pocket">This Simple Negotiating Trick Puts Money in Your Pocket</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-secrets-to-a-higher-car-trade-in-value">8 Secrets to a Higher Car Trade-In Value</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-negotiating-skills-everyone-should-master">8 Negotiating Skills Everyone Should Master</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Life Hacks bargaining demands negotiating women Mon, 31 Aug 2015 09:00:34 +0000 Brittany Lyte 1541941 at http://www.wisebread.com 7 Careers That Pay Women More Than Men http://www.wisebread.com/7-careers-that-pay-women-more-than-men <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-careers-that-pay-women-more-than-men" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/chef_preparing_pastries_000020498947.jpg" alt="Female chef in career where she&#039;s earning just as much as men" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The good news is that as the <a href="http://www.bls.gov/spotlight/2011/women/pdf/women_bls_spotlight.pdf">gender pay gap</a> continues to narrow, women are out-earning men in new and surprising fields, helping reverse the stereotype of men as the breadwinners. Clearly, we've got a long way to go to achieve equality in the workplace. But we're making strides. Read on for our <a href="http://www.wisebread.com/10-high-paying-careers-with-low-educational-barriers">roundup of the careers</a> where women are bringing home the bacon. A few of them just might surprise you.</p> <h2>1. Construction Worker</h2> <p>Though they hold only about 3% of the jobs, female construction laborers, construction supervisors, and maintenance painters <a href="http://www.forbes.com/sites/jennagoudreau/2011/03/14/jobs-where-women-earn-more-than-men/">earn more money</a> than their male counterparts, according to a Forbes analysis of median weekly earnings for full-time workers.</p> <h2>2. Car and Airplane Mechanic</h2> <p>Forbes also found that female car and airplane mechanics earn slightly more than their male colleagues. Caren Goldberg, a management professor at American University, has an inkling as to why: &quot;Researchers have found that both sexes fare better when they are in the minority,&quot; she said. &quot;Women who choose male-dominated jobs are likely perceived as 'atypical' or less consistent with the stereotypes associated with women, which are also associated with lower-paying jobs.&quot;</p> <h2>3. Bartender Helper</h2> <p>There is perhaps no higher paid bartender than the attractive woman who treats her patrons like old friends. Female bartender helpers earn, on average, about $2,000 more per year than men who pour drinks and collect empty glasses. That works out to $40 a week in extra cash.</p> <h2>4. Teacher's Assistant</h2> <p>Women account for 92% of the nation's teacher assistants, earning a median salary of $474 a week, compared to men's $453. Teacher assistants work under a teacher's supervision to give students additional attention and instruction, a role that's projected to grow 9% &mdash; <a href="http://www.bls.gov/ooh/education-training-and-library/teacher-assistants.htm">100,000 more jobs</a> &mdash; by 2022. If you like to travel or want to be home to raise the kids, the job comes with perks: About 4 in 10 teacher assistants work part time and get summers off.</p> <h2>5. Nutritionist</h2> <p>Women also earn more than men in higher paying jobs like nutritionists, as well as fields in the life, physical, and social sciences. The median pay for nutritionists of both genders is $55,240 per year &mdash; with women earning slightly more than men. Nutritionist jobs are in demand, with a faster than average, <a href="http://www.bls.gov/ooh/healthcare/dietitians-and-nutritionists.htm">21% job growth rate</a> through 2022.</p> <h2>6. Baker</h2> <p>Baking also helps women bring home the bigger slice of bread. Female bakers earn 104% more than male bakers, taking home $18 more than men in median weekly earnings. Employment researcher Laurence Shatkin tells Forbes that baking is essentially a production job with odd hours, and women may have more flexibility to work higher-paying night or early-morning shifts.</p> <h2>7. Computer Programmer</h2> <p>Female computer programmers earn a median of $62,000 a year, and those in the top 10% of the field make a salary of $111,000. Other perks include standard 40-hour work weeks and often, the option of telecommuting. Another bonus: To start, computer programmers usually need <a href="http://www.bls.gov/ooh/computer-and-information-technology/computer-programmers.htm">no work experience</a> and no specialized certification beyond a bachelor's or associate's degree. That bodes well for women who want a well-paying career but don't want to shell out the money it takes to become a doctor or attorney.</p> <p><em>Do any of these careers interest you?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/7-careers-that-pay-women-more-than-men">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-8"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-certifications-that-add-big-to-your-salary">7 Certifications That Add Big $$ to Your Salary</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/crime-scene-cleaner-and-4-other-trades-that-pay-surprisingly-well">Crime Scene Cleaner and 4 Other Trades That Pay Surprisingly Well</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-high-paying-jobs-that-didnt-exist-10-years-ago">9 High-Paying Jobs That Didn&#039;t Exist 10 Years Ago</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-essential-facts-women-should-know-before-asking-for-a-raise">5 Essential Facts Women Should Know Before Asking for a Raise</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/protect-future-earnings-by-negotiating-the-right-starting-salary">Protect Future Earnings by Negotiating the Right Starting Salary</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building income jobs salary wage gap women workforce Wed, 01 Jul 2015 11:00:16 +0000 Brittany Lyte 1469519 at http://www.wisebread.com 5 Essential Facts Women Should Know Before Asking for a Raise http://www.wisebread.com/5-essential-facts-women-should-know-before-asking-for-a-raise <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-essential-facts-women-should-know-before-asking-for-a-raise" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/coworkers_shared_workspace_000064256655.jpg" alt="Woman learning what&#039;s needed before asking for a raise" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>American women earn 77 cents for every dollar earned by men. And one way to close that gender-gap is to ask.</p> <p>In more than a century since the Equal Pay Act of 1963 (when women earned 59 cents for every dollar earned by men), little progress has been made to enforce equal pay. Asking for timely pay raises is a step in the right direction. It's something women can do to spearhead change and eradicate income inequality.</p> <h2>1. Don't Wait for Annual Raises</h2> <p>Don't rely on an annual 5% to 10% pay raise. Annual pay raises are discretionary and may be based on your annual review, where HR evaluates your performance and contributions to the company. Depending on your company's review process, some of your achievements could get overlooked. Instead, go to your employer directly with a list of your accomplishments and ask for the salary you want.</p> <h2>2. Ask Because You Deserve it, Not Because You Need It</h2> <p>Understandably, there are times when we all need more money. But, what's going on in your personal life does not warrant asking for a pay increase. Only ask for raises based on value to the company, not personal need. This means that asking directly after you've made one or two significant contributions to the company is a good idea. Talk up your achievements and state your goals for the company in the future.</p> <h2>3. Know Your Worth</h2> <p>Take an assessment of your worth. Find out what others in your industry who have been on the job for as long as you have earn. Investigate some of their contributions. And what are some of the skill-sets they acquired along the way that your employer deems valuable? Do they go that extra step? If so, what are they doing?</p> <h2>4. Relax and Don't Become Emotional</h2> <p>Exude confidence. Go into the conversation with a clear and level head. Don't expect personal relationships to play a role in your employer's decision of whether you deserve a raise or not. It's strictly business and you should be too.</p> <h2>5. Be Prepared for &quot;No&quot;</h2> <p>Timing is a key consideration. If your company simply can't afford to boost your pay, you won't be getting a raise. Before you ask, be sure the company is reaching its performance goals (this information is often divulged during sales meetings or published as highlights in newsletters).</p> <p>If your proposed pay raise is still poorly received and you know you're worth it, be prepared to <a href="http://www.wisebread.com/great-ways-to-improve-your-resume-today">give your resume a facelift</a>. It might be possible for you to exceed your salary expectation. Often small companies and start-ups will pay more to acquire and retain talented highly qualified individuals, but may offer less job security. So, look on the bright side. You can <a href="http://www.wisebread.com/7-ways-to-actually-take-all-your-vacation-days-this-year">take your vacation days</a> and <a href="http://www.wisebread.com/7-job-search-stunts-to-get-you-noticed-by-employers">start your job search</a>.</p> <p><em>Have you asked for a raise? How'd it go?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/qiana-chavaia">Qiana Chavaia</a> of <a href="http://www.wisebread.com/5-essential-facts-women-should-know-before-asking-for-a-raise">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-9"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/crime-scene-cleaner-and-4-other-trades-that-pay-surprisingly-well">Crime Scene Cleaner and 4 Other Trades That Pay Surprisingly Well</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-good-reasons-to-become-a-contractor">8 Good Reasons to Become a Contractor</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-careers-that-pay-women-more-than-men">7 Careers That Pay Women More Than Men</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-unexpected-costs-of-a-higher-paying-job-offer">4 Unexpected Costs of a Higher-Paying Job Offer</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-important-signs-that-your-job-sucks">10 Important Signs That Your Job Sucks</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building employment raises salary women Fri, 29 May 2015 09:00:15 +0000 Qiana Chavaia 1433873 at http://www.wisebread.com 5 Essential Things Women Should Know About Investing http://www.wisebread.com/5-essential-things-women-should-know-about-investing <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-essential-things-women-should-know-about-investing" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/women_investors_000054398090.jpg" alt="Things women should know about investing" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When it comes to investment decision-making, women wield greater economic power than ever before. They now comprise nearly half the workforce and half of all household breadwinners &mdash; but their financial literacy levels still trail. Here are five important ways women are still behind &mdash; and how to catch up.</p> <h2>1. Women Earn Less Than Men</h2> <p>A growing number of women are primary breadwinners, yet women earn just 77 cents for every dollar earned by their male colleagues working in the same positions, despite having equal qualifications. The &quot;gender-gap&quot; is even wider for African-Americans, who earn just 64 cents on the dollar, and Latino women earning 56 cents for every dollar earned by men.</p> <p>To tackle this pressing issue, in 2009 President Obama enacted the <a href="http://www.lillyledbetter.com/">Lilly Ledbetter Equal Pay Act</a>. Another initiative taken under the Obama Administration is the <a href="https://www.whitehouse.gov/sites/default/files/equalpay/equal_pay_task_force_progress_report_june_2013_new.pdf">Equal Pay Task Force</a>, which is comprised of several federal agencies, including the U.S. Equal Employment Opportunity Commission, the Department of Justice, the Department of Labor, and the Office of Personnel Management.</p> <h2>2. Women Live Longer and Save Less For Retirement Than Men</h2> <p>The average female life expectancy in the United States is age 81 &mdash; about four years more than men. Yet according to a recent study, women save 40% less for retirement than their male counterparts. &quot;This is especially concerning because women live longer than men, and thus need more retirement savings. In addition to a longer average lifespan, women are more likely to have work disruptions for caregiving that hinder their capacity to save. Therefore, they need to capitalize on savings opportunities while they are working,&quot; says Cecilia Shiner, senior analyst.</p> <h2>3. Women Are Less Likely to Receive Retirement Benefits</h2> <p>Of the 62 million working women, the U.S. Dept. of Labor says only about 45% contribute to a retirement plan, because many are likely working in part-time jobs due to family obligations and do not meet the qualifications to contribute. Women who find themselves in this position should <a href="http://www.wisebread.com/how-to-set-up-an-ira-to-build-wealth">open an Individual Retirement Account</a> (IRA) and max-out the contribution limit for every year they are employed.</p> <h2>4. Women Lack Confidence in Their Ability to Invest</h2> <p>As a 2014&ndash;2015 Prudential Financial research study shows, women have not improved their <a href="http://www.prudential.com/media/managed/wm/media/Pru_Women_Study_2014.pdf?src=Newsroom&amp;pg=WomenStudy2014">understanding of insurance</a> and financial products over the last decade despite the 2008 financial crisis. However, the same study reported that women are becoming more confident in terms of managing their day-to-day finances (i.e. budgeting and saving). This is extremely significant because it's the first step towards having the discretionary income needed to invest.</p> <h2>5. Women Invest Differently and Are More Risk Averse</h2> <p>Women <a href="http://www.wisebread.com/the-4-best-investments-for-lazy-investors">invest more</a> conservatively than men. A Barclays Wealth Insights study found that men were more likely to consider themselves financial risk-takers and were more willing to choose high-risk investments in order to achieve higher returns. Even when other approaches would have achieved higher gains, women pursued a steadier course and had more stable returns.</p> <p><em>What do you wish you knew more about investing?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/qiana-chavaia">Qiana Chavaia</a> of <a href="http://www.wisebread.com/5-essential-things-women-should-know-about-investing">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-10"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-every-woman-can-take-control-of-her-finances">How Every Woman Can Take Control of Her Finances</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-only-8-rules-of-investing-you-need-to-know">The Only 8 Rules of Investing You Need to Know</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-tell-if-your-401k-is-a-good-or-a-bad-one">How to Tell if Your 401K Is a Good or a Bad One</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-dumb-401k-mistakes-smart-people-make">5 Dumb 401(k) Mistakes Smart People Make</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/whats-the-right-percentage-of-cash-for-your-portfolio">What&#039;s the Right Percentage of Cash for Your Portfolio?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment 401(k)s finances retirement women Fri, 22 May 2015 11:00:21 +0000 Qiana Chavaia 1429695 at http://www.wisebread.com 12 Surprising Things Women Should Know About Retirement Planning http://www.wisebread.com/12-surprising-things-women-should-know-about-retirement-planning <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/12-surprising-things-women-should-know-about-retirement-planning" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/retirement_000014649650.jpg" alt="Woman considering her retirement as homeless person" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>One of my longstanding fears is that my retirement will see me living on the street, homeless and destitute. As it turns out, my fear is far from unique. In fact, it even has a name: Bag Lady Syndrome. According to a poll by Allianz Life Insurance, 49% of American women fear <a href="https://www.allianzlife.com/retirement-and-planning-tools/women-money-and-power/bag-lady">ending up a bag lady</a>, even those who make six figure salaries. In fact, according to a recent survey of workers by the Transamerica Center for Retirement Studies, only 14% of women are very confident in their ability to retire comfortably.</p> <p>Yes. I have heard the news: Women continue to make huge strides in school and in the workplace. But I also know the reality. Women are at a much greater risk of financial insecurity in later life than men for a number of reasons.</p> <h2>1. Longevity Does Not Work in Women's Favor</h2> <p>The women in my family generally live to be close to 100. While most people are impressed by my genetics, I find longevity to be an expensive double-edged sword. How am I going to pay for a 30-year retirement? The average American woman lives six years longer than the average man, which is why 70% of Social Security beneficiaries over age 85 are women. There are <a href="https://www.americanprogress.org/issues/women/report/2008/10/08/5103/the-straight-facts-on-women-in-poverty/">50% more elderly women</a> living in poverty than men.</p> <h2>2. 54% of Women Don't Plan to Retire, Ever</h2> <p>Like Mrs. Hughes on Downton Abbey, over half of all American women plan on working until they drop dead.</p> <h2>3. Almost Half of All Women Plan to Work Through Retirement</h2> <p>Shuffleboard and sensible shoes are not everyone's dream retirement. Roughly 49% of women plan on continuing to work during retirement. While work is pleasurable for many women, and delaying retirement is a great way to shore up savings, the job market for 70- year-olds isn't great. Planning to simply not retire is not a viable retirement strategy.</p> <h2>4. Baby Boomers Are Still Living the Dream</h2> <p>Like every other gen X-er on the planet, I figured out in college that I would spend my life paying for someone else's social security, since it's a benefit that I doubt I will ever enjoy. However, this bitter worldview is generational. To wit: 26% of baby boomers (born 1946-1964) don't have a backup plan if they are <a href="http://money.usnews.com/money/personal-finance/mutual-funds/articles/2013/10/08/boomers-forced-to-retire-face-unexpected-challenges">forced into retirement</a> sooner than expected due to health problems or job loss.</p> <h2>5. Time Off for Caregiving Negatively Impacts Retirement</h2> <p>Millennials, get ready to be poor when you are old. Even if your baby boomer parents put away enough money for retirement, you might still have to supplement their care. A recently published study by the Employment Benefit Research Institute calculates that female baby boomers on the verge of retirement have a <a href="http://www.ebri.org/publications/ib/index.cfm?fa=ibDisp&amp;content_id=5487">savings shortfall</a> of nearly $63,000, while male boomers have a deficit of $34,000.</p> <p>What's worse, 58% of women don't plan to take time out of the workforce to act as a caregiver for a child or an aging parent, which is odd considering that 80% of American women give birth at some point during their child bearing years. In fact, the average woman spends <a href="http://boston.cbslocal.com/2014/09/29/bag-lady-syndrome/">17 years raising children</a> and 18 years caring for aging relatives (including her spouse).</p> <p>Of the 22% of the female population who <em>aren't </em>living in denial of the time suck that is parenting or childcare, 67% believe that taking time off work to care for children or aging parents will hurt their ability to save for retirement. (See also: <a href="http://www.wisebread.com/the-9-people-in-your-life-who-are-keeping-you-poor?ref=seealso">9 People in Your Life Who Are Keeping You Poor</a>)</p> <p>While women who take off time to be caregivers lose out on matching funds and cannot contribute to a 401(k), a survey by the asset management firm BlackRock shows that women can <a href="http://www.cnbc.com/id/102473846#.">close the savings gap</a> when they return to the workforce. However, they miss out on the magic that is compound interest during years spent being caretakers.</p> <h2>6. The Majority of Women Expect to Self-Fund Retirement</h2> <p>Only 5% of women expect a company-funded pension to be the primary source of retirement, because less than a third of women will receive any kind of pension at all. Roughly 27% expect to rely on social security, while 59% of women expect to self-fund their retirement through a 401(k) or other savings and investments.</p> <h2>7. Part-Time Work Is Women's Work</h2> <p>Due to childcare responsibilities, women are much more likely than men to <a href="http://www.nytimes.com/2014/08/21/upshot/how-a-part-time-pay-penalty-hits-working-mothers.html?abt=0002&amp;abg=0">work part-time</a>. Not only does this translate into a much smaller paycheck, most part-time jobs do not include benefits such as health care.</p> <h2>8. Women Are Less Likely to Be Offered a Retirement Plan</h2> <p>Also, because part-time workers of either gender are less likely to be included in 401(k)-style retirement plans through work, fewer women are offered retirement benefits.</p> <p>This is compounded by the fact that women who take time out from their careers to raise children or care for aging relatives are not eligible for retirement plans and miss out on matching contributions.</p> <h2>9. Women's Annual Contributions to 401(k)-Style Plans Lag Behind Men</h2> <p>This falls into the &quot;No Duh&quot; category of financial factoids. Women's annual contributions to retirement plans lag behind men's because women make less money on average, and have to take off more time for childcare.</p> <h2>10. Fewer Women Take Advantage of Retirement Plans Than Men</h2> <p>What is preposterous, however, is that even when women are <a href="https://www.transamericacenter.org/docs/default-source/resources/women-and-retirement/tcrs2015_sr_womens_retirement_outlook.pdf">offered retirement plans</a>, only 77% participate, compared to 82% of men!</p> <h2>11. Women Think They Will Only Need $800,000 to Retire Comfortably</h2> <p>Statistically, women live longer than men, and therefore have a longer retirement. This should correspond with higher estimates for retirement savings needs. However, it does not. The median estimated retirement savings need for women is $800,000, compared to the $1,000,000 median men need to feel financially secure in retirement. Why is there this discrepancy?</p> <h2>12. Women Are Guessing Their Retirement Savings Needs</h2> <p>Alas, the main reason that women are low-balling their savings is because 57% are just <a href="http://womenmoneyandsuccessmag.com/resources/statistics">guessing their retirement needs</a>. Only 8% of women in the Transamerica Study used a calculator to run numbers.</p> <p>While this is depressing news, women of every age can take steps to improve their retirement readiness.</p> <h3>Develop a Retirement Strategy and Put It on Paper</h3> <p>Use a retirement calculator to figure out how much you will need to save each year &mdash; including both employer-sponsored plans and outside savings.</p> <h3>Plan Your Parenthood</h3> <p>Can you actually afford to have children? If you already have children, carefully consider any and all options to help mitigate the impact on your long-term financial security. Can you move in with family to help save on childcare costs?</p> <h3>Seek Retirement Benefits</h3> <p>If you employer doesn't offer you a retirement plan, it doesn't hurt to ask for one or seek out an employer who does.</p> <h3>Participate in Company Plans</h3> <p>Regardless of how little money is left over from each paycheck, workers with 401(k) plans should try to maximize the amount of money they put away, especially if the employer matches funds. Women (and men) who don't participate in matching 401(k) plans are literally refusing free money.</p> <h3>Educate Yourself About Retirement Investing</h3> <p>If you can, seek professional guidance. Learn about ways to stretch savings, including when to withdraw money from retirement accounts with minimal penalties.</p> <h3>Have a Backup Plan</h3> <p>Do you have disability insurance or life insurance? Identify possible cost-cutting or money-making lifestyle changes such as moving into a smaller home or living with roommates.</p> <h3>Actually Do the Math</h3> <p>Use a retirement calculator to estimate your retirement savings needs and do everything in your power to achieve that goal.</p> <h3>Share Your Knowledge and Plans</h3> <p>Talk to your family and close friends about your retirement plans. Managing financial and time expectations should be part of everyone's retirement strategy.</p> <p><em>Are you afraid of becoming a bag lady? What is your strategy to keep this paranoid fantasy from becoming a reality? </em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/max-wong">Max Wong</a> of <a href="http://www.wisebread.com/12-surprising-things-women-should-know-about-retirement-planning">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-11"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-every-woman-can-take-control-of-her-finances">How Every Woman Can Take Control of Her Finances</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-facts-millennials-should-know-about-retirement-planning">5 Facts Millennials Should Know About Retirement Planning</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-start-saving-for-retirement-at-40">How to Start Saving for Retirement at 40+</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/this-is-why-you-cant-postpone-planning-for-your-retirement-and-how-to-start">This Is Why You Can&#039;t Postpone Planning for Your Retirement (And How to Start)</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-reasons-why-your-retirement-cost-calculations-may-be-wrong">8 Reasons Why Your Retirement Cost Calculations May Be Wrong</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement 401(k) bag lady syndrome poverty savings women Mon, 30 Mar 2015 11:00:08 +0000 Max Wong 1359519 at http://www.wisebread.com Best Money Tips: Gifts for Women That Won't Break the Bank http://www.wisebread.com/best-money-tips-gifts-for-women-that-wont-break-the-bank <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-gifts-for-women-that-wont-break-the-bank" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/gift-1935269-small.jpg" alt="gift" title="gift" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread&#39;s <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some stellar articles on gifts for women that won&#39;t break the bank, donating without spending money, and plugging personal finance leaks.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.savvysugar.com/Cheap-Christmas-Gifts-Women-32491647">77 Gifts For Women That Won&#39;t Break the Bank</a> &mdash; Consider giving the lady in your life a lip balm set or a French press. [PopSugar Smart Living]</p> <p><a href="http://www.stretcher.com/stories/13/13nov18e.cfm">5 Ways to Donate Without Spending Money</a> &mdash; To donate without spending money, donate your unwanted goods. [TheDollarStretcher.com]</p> <p><a href="http://moneyning.com/frugality/how-to-plug-your-personal-finance-leaks/">How to Plug Your Personal Finance Leaks</a> &mdash; Did you know you can save up to $90 per year on stamps by paying your bills online? [MoneyNing]</p> <p><a href="http://www.consumerismcommentary.com/money-systems-extreme-calendaring/">Money Systems That Lead to Success: Extreme Calendaring</a> &mdash; Extreme calendaring can help you with your money by enabling you to make sure you don&#39;t miss a bill payment. [Consumerism Commentary]</p> <p><a href="http://everythingfinanceblog.com/save-bucks-go-eat.html">How To Save A Few Bucks When You Go Out To Eat</a> &mdash; Sharing a dish can help you save when you go out to eat. [Everything Finance]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.frugalconfessions.com/holidays/11-fun-inexpensive-thanksgiving-black-friday-traditions.php">11 Fun and Inexpensive Thanksgiving and Black Friday Traditions</a> &mdash; This Thanksgiving, consider starting the tradition of hosting a Thanksgiving Day Brunch! [Frugal Confessions]</p> <p><a href="http://www.americandebtproject.com/2013/11/afford-retirement-account/">How To Afford a Retirement Account</a> &mdash; Comparing your long term goals with your current spending can help you afford a retirement account. [American Debt Project]</p> <p><a href="http://frugalportland.com/planning-for-retirement-managing-expectations/">Planning for Retirement: Managing Expectations</a> &mdash; To manage your expectations in retirement, take your time if possible. [Frugal Portland]</p> <p><a href="http://www.carefulcents.com/online-tools-apps-for-freelancers/">10 Must-Have Online Tools and Apps For Freelancers</a> &mdash; If you are a freelancer, look into SignEasy and DropBox. [Careful Cents]</p> <p><a href="http://parentingsquad.com/5-ways-to-help-children-this-holiday-season">5 Ways to Help Children This Holiday Season</a> &mdash; Help children this holiday season by volunteering at a local children&#39;s hospital. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-gifts-for-women-that-wont-break-the-bank">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-12"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/25-great-gifts-for-5-or-less">25 Great Gifts for $5 or Less</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-gifts-that-wont-become-clutter">9 Gifts That Won&#039;t Become Clutter</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-art-of-the-group-gift">The Art of the Group Gift</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/avoid-these-5-common-holiday-budget-pitfalls">Avoid These 5 Common Holiday Budget Pitfalls</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/save-on-christmas-shopping-with-this-clever-gift-card-strategy">Save on Christmas Shopping With This Clever Gift Card Strategy</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping best money tips gifts Holidays women Wed, 20 Nov 2013 11:00:09 +0000 Ashley Jacobs 1098611 at http://www.wisebread.com