Welcome to the Money Maven's Financial Blog

Money Maven Blog by Sheryl Sutherland, Authorised Financial Adviser and Director of The Financial Strategies Group

Tuesday, 12 November 2013

Who's Counting?

Who's Counting? I sure am! Look at the range of occupations! "The 100 women with the most impact are top politicians and CEOs, activist billionaires and celebrities who matter. In roughly equal measure you’ll find next gen entrepreneurs and media mavens, technologists and leaders in philanthropy — all ranked by dollars, media momentum and impact We’ve selected women that go beyond the traditional taxonomy of the power elite (political and...

Friday, 8 November 2013

Why?

Gender insurance gap revealed. Women are more likely to take out home, car and health insurance while men are more likely to opt for life and pet cover,according to research by Australian life insurer TAL. Its research found 41% of men have a life policy, compared to 33% of women. That includes disability, income protection, trauma and life insurance. Both men and women were more likely to insure their home and car than their life and inco...

Everyday Money

From my favourite economist, "England is the only country in the developed world where the generation approaching retirement is more literate and numerate than the youngest adults, according to the first skills survey by the Organisation for Economic Co-operation and Development.In a stark assessment of the success and failure of the 720-million-strong adult workforce across the wealthier economies, the economic think tank warns that...

Musings and Amusings

"EVEN if we grade on a very generous curve, many Americans flunk when it comes to financial literacy. Consider this three-item quiz:  • Suppose you had $100 in a savings account and the interest rate was 2 percent a year. After five years, how much do you think you would have if you left the money to grow? More than $102, exactly $102 or less than $102?  • Imagine that the interest rate on your savings account was 1 percent...

Womenomics

When will this change? "Boys earn, learn more when it comes to cash. The Westpac Kids and Money Report released yesterday morning found boys receive $12.50 per week in pocket money versus $9.80 for girls for 2.4 hours of housework, and the gender divide extended to what work they did. Boys were more likely to take out the rubbish, mow the lawns and clean the car while girls tended to do the dishes, laundry and clean bedrooms." And I wrote about...

Wednesday, 6 November 2013

Finance & Investment

Don't think we will be investing this credit union any time soon: "A credit union offering "Loans For Ladies" and encouraging women to go on shopping sprees and have makeovers has sparked fury on social media from the company's target demographic. Customer-owned credit union NZCU Baywide launched a website called Loans For Ladies just over a month ago, encouraging women to borrow any amount from $1000 to $50,000 for "an all-day...

Wednesday, 27 March 2013

Who's Counting?

We have to talk about the gender wage gap in Ireland. It's the highest in the world. But there's a catch. It's not men earning more than women. It's women - those without children, at least - earning more than men.Irish women without kids earn 17 percent more than the typical male worker, according to new research from the OECD.Once kids enter the picture, the picture changes. For example, in the Netherlands, women work almost 2 hours more per...

Why?

Having it all: this famous and absurd phrase implies that women have somehow gone beyond their station by doing more than just having babies. Value laden and filled with contempt, it suggests an element of greed - depicting working mothers as overambitious idealists, shunning caring responsibilities in favour of work. Viviene Reding, the European commissioner for justice, fundamental rights and citizenship at January's Davos World Economic Forum...

Musings and Amusings

This article should be widely disseminated. Made me rethink my view of the man.Losing my religion for equality by Jimmy Carter."So my decision to sever my ties with the Southern Baptist Convention, after six decades, was painful and difficult. It was, however, an unavoidable decision when the convention's leaders, quoting a few carefully selected Bible verses and claiming that Eve was created second to Adam and was responsible for original sin,...

Everyday Money

Will Your Mother Live in Poverty? Documenting the wage gap based on motherhood in many countries, including the United States, the OECD tells the sorry maternal tale in stark numbers.In the U.S., the wage gap between men and women without children is only seven percent. Have your first child on American soil, however, and the wage gap rockets to 23%. Women over 65 today are more than one and a half times more likely to live in poverty than men...

Womenomics

Coca-Cola CEO Says Women Most Dynamic Economic Force In World Today, and of course we know it, some commentators such as Warren Buffett know it. Today, the driving force of the new women’s movement is located in the camps of what used to be the opposition - business and finance. In the United States, women control or influence more than 80 percent of purchasing decisions. Globally they are responsible for $20 trillion in spending, a figure expected...