Can Women Get Out of Debt Like Men Do


It seems like a sexist question, but before you beat us up — understand where we’re coming from. There is a need for specialized discussions about personal finance, and that’s what we’re trying to do here. We figure that it’s all fair game if you’re willing to truly change your life. Why wouldn’t you want to take matters into your own hands, when you can really have the resolution that you’ve always wanted? Getting out of debt isn’t something that’s easy, for anyone. But we believe with the right information, the right tools and definitely the right resources, all things are possible.

The Real Problem

The real problem is two-fold: time and information. A lot of women feel pushed out of the personal finance discussion, because so many resources are geared towards men. Women are expected to focus on motherhood and supporting their partners. This is something that used to be “just fine” with a lot of women, but they’re starting to really want their own space. They’re starting to really want their own claims. That is something that really does make a difference. Why wouldn’t you want to actually get things done if you could? Wouldn’t it make a lot more sense to focus on a better financial life for your family?

Are Women Really Different From Men, Financially

Some really do argue that women aren’t different from men in terms of finances, but we see time and time again that this isn’t the case. The truth is that women aren’t offered the same personal finance information. They also tend to be a lot more conservative than men, fearing losing everything. This comes from a lack of information, in our opinion.

It’s 2013 — we figure that it’s safe for women to finally embrace both sides of the equation — being a good caretaker as well as being financially savvy. Why wouldn’t you want to explore both sides if you could get away with it?

Get Out of Debt

The Rise of the Financial Blueprint

Your financial blueprint is really what will make all of the difference. This doesn’t have to be a very complicated document at all. It just needs to be something that you can write out and stick to. In essence, think of the financial blueprint as your roadmap to everything else. If you can focus on that roadmap, then everything honestly comes together quit nicely. On the other hand, if you start drifting away from that roadmap, that’s where a lot of your problems start. The best thing that you can honestly do is make sure that you have a clear understanding of what you want. What type of goals are you really shooting for? That’s going to make the difference when it’s finally time to get things moving forward.

The best part of this is that once you build your financial blueprint, you don’t really have to alter it too terribly much. Oh, every few years you’ll want to change things up. For example, we’re talking about getting out of debt. Once you’re out of debt, you’ll want to focus more on just staying out of debt and growing your money. Having a healthy current account tends to make for a much smoother financial life as well.

Getting Help With Your Financial Blueprint

If you need help with your financial blueprint, all you really need to do is reach out. Citizens Advice Bureau has plenty of nonprofit counselors standing by to help you. They can also refer you to other resources that you might not have thought about. This would be better than just assuming you don’t have any options to speak of, right? Absolutely.

Sometimes you can also just get an accountability friend — someone that you already know, like, and trust. When someone knows you, it gets harder to actually tell them that you will do something but you refuse. It makes a lot more sense to actually have someone that will correct you when you begin to veer off course.

Battling Emotions

Emotions are going to be the toughest part here. If you’ve already been in debt, you might feel that you just can’t get out of debt without facing other problems. This isn’t something that has to be that way at all. Getting out of debt opens so many doors, and you don’t have to be someone that is going to suffer needlessly. It might take a little longer than you thought, but you can get out of debt.

Making It Stick

The truth to making it stick for women is to continue to overcome those emotions. Emotions can turn a logical decision into one that you wish you had never made. The truth is that you just have to believe in yourself enough to make things happen. Otherwise you’ll just end up spinning your wheels and making life difficult on yourself.

The Road Ahead

Trying to get your financial life together is hard whether you’re a man or a woman, but women seem to struggle to pull it together. This doesn’t have to be this way at all. Women are more than capable of taking back their financial lives and getting out of debt just the way men do. However, the reality is that they’re going to have to approach the problem from a slightly different perspective in order to really win the day. If you’re a woman reading this, please understand — we’re not trying to put you down at all. Instead, we want to empower you to continue making great financial decisions. It’s a really tough world out there, but that doesn’t mean that you can’t move on to having the financial life that you’ve always wanted. Keep in mind that none of the changes we’ve suggested in here should be taken as overnight advice. That is, we’re not saying that your life will suddenly change for the better. We’re saying that it will take time but things can get better if you’re willing to put in the work. Stick by your accountability partners and you should be just fine. Why not give it a go today? You’ll truly be glad that you did!