Women’s Equality Day was just last weekend and it’s another reminder that there is still much to be done when it comes to pay parity. It’s also a reminder that financial planning and making smart money decisions is even more important for women. Below, I will discuss ways that women can set themselves up for financial security.
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A 2014 Management Science study found that when negotiability was not explicitly stated, women were much less likely try negotiating than men. I am classically terrible at car negotiations at dealerships. Somehow, I always end up spending way more time, paying more, and not getting exactly what I painstakingly researched and knew I wanted. The last time I had to go, I was dreading getting taken advantage of again, so I asked a friend who delights in negotiations to accompany me. The result was that I had a far better experience and got more than I wanted.
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