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Empowering Women: How to Build a Positive Relationship with Money

In the realm of financial empowerment, understanding the unique dynamics of women’s relationship with money is pivotal. For parents, especially those raising daughters, fostering a healthy understanding of finances can be a transformative gift. In this article, we delve into the multifaceted aspects of women’s relationship to money, exploring its roots, challenges, and avenues for empowerment.

You might be curious as to why this article is appearing on my website. Well, as many of you know, I'm not just a parenting consultant, I'm also a life coach, and the topic of money has come up several times in the past few months for several of my clients, as well as being a topic in my group coaching programme.

The Historical Context

woman holding a mirrored dollar bill

Throughout history, women have encountered systemic barriers in accessing and managing finances. From limited employment opportunities to unequal pay, the economic landscape has often been skewed against them. These historical imbalances have shaped societal perceptions and attitudes towards women and money, influencing familial dynamics and individual mindsets. In the UK, for example, it wasn't until 1974, with the passage of the Equal Credit Opportunity Act, that women could apply for credit cards and loans independently, without needing a male co-signer. (in France it was earlier, in 1965).

Cultural Influences

Cultural norms and expectations further compound the complexities of women's financial identities. Traditional gender roles often dictate that men are the primary breadwinners and financial decision-makers, while women are tasked with managing day to day household expenses and budgets. Breaking free from these entrenched norms requires a conscious effort to challenge stereotypes and redefine societal constructs surrounding gender and money. AND to dig under the surface and see if there is a reason WHY we don't want to understand the bigger financial decisions that we are delegating responsibility for.

The Motherhood Penalty

For many women, the journey into motherhood introduces a myriad of financial challenges. The "motherhood penalty" refers to the economic disadvantages that women face due to taking time off work for childcare or experiencing reduced earning potential. Balancing career aspirations with caregiving responsibilities often necessitates strategic financial planning and resourcefulness.

Investing in Financial Literacy

cartoon of a young teen with money

Empowering women with financial literacy is paramount in reshaping their relationship with money. Educating daughters about budgeting, investing, and long-term financial planning equips them with the tools to navigate economic independence confidently. By instilling these principles from a young age, parents can cultivate a mindset of financial empowerment that transcends generations. Look into tools that help you to learn too. In France, for example, there's EDUKAFI - budgeting workshops for kids.

Breaking the Taboo

Conversations surrounding money have long been shrouded in taboo, particularly for women. Open dialogue about financial matters normalizes the discussion and dispels misconceptions. Encouraging transparency within familial relationships fosters a supportive environment where women feel empowered to take control of their financial futures. Could you book in a monthly 'finance' night with your partner? (I know, it doesn't sound as romantic as a date night, does it?!!!)


Understanding and addressing the intricacies of women's relationship with money is an essential step towards fostering financial empowerment. By challenging historical norms, investing in financial literacy, and promoting open dialogue, parents can play a pivotal role in shaping a future where women are empowered to thrive economically. Special thanks to my clients, who have shared some of their learning journey with me.

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