Welcome to the Money Maven's Financial Blog

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

Friday, 15 July 2016

Womenomics

Women 'still held back in workplace' If you're a woman in New Zealand chances are you'll have a good education, but that won't neccessarily bring you better job opportunities. "Women are gaining qualifications at a greater rate than men but their skills are not being translated into greater opportunities," the report said. "Division of labour still sees women doing the majority of unpaid domestic work, and in paid employment you've got gender...

Everyday Money

The gender pay gap persists almost everywhere On average women earn 18% less than men, according to analysis by Korn Ferry Hay Group, a consulting firm which looked at more than 8m employees in 33 countries. In Britain, more than four decades after the equal pay act was introduced, the headline difference between men and women’s pay is still high. Women only make up around a third of senior management roles there. Workers at the same level...

Why?

'Pink tax' angers women from New York to London.  It's called the "pink tax." The same products have very different price tags, depending on which gender they are meant for.  Take shampoos as an example. A recent study by the New York City Department of Consumer Affairs found that haircare products for women cost on average 48% more than the same items meant for men. It found that female razors are 11% more expensive than...

Who's counting?

6 Fascinating Mind Tricks That Help You Save Money Psych Yourself Rich  Putting money aside seems pretty straightforward. But, seeing as the average personal-savings rate is just 5.7 percent (compared to 11 percent two decades ago), it’s definitely easier said than done. “We like to think of ourselves as rational when it comes to finances, but our decisions are shaped by psychological and emotional triggers,” says financial...

Finance & Investments

Here are three common myths about women and money — happily debunked.  The Stereotype: Women Are More Risk Averse Many studies have found statistically significant differences in how men and women view risk. But economists and pundits have a habit of extrapolating those findings into the broad-brush statement that "women are more risk averse than men." Clearly, this isn't universally true. As economist Julie Nelson pointed out,...

Musings & Amusings

Unclouded vision Forecasting is a talent. Luckily it can be learned. Human beings cannot resist trying to scry the future. If soothsaying is not the oldest profession, it is certainly one of them. The Chinese had the I-Ching; the Romans peered at the entrails of sacrificed animals. These days, anyone wanting to know what the future holds can consult everything from telephone psychics to intelligence agencies, bookies, futures markets and media...