What is Equal Pay Day?

National Equal Pay Day raises awareness of the pay discrepancies between men and women for the same work each year. Equal Pay Day was created by the National Committee on Pay Equity (NCPE) in 1996. This year, Equal Pay Day will be recognized on Tuesday, March 14.

Equal Pay Day also symbolizes how far into the year women must work to earn what men earned in the previous year.

In 2022, studies showed that women in the U.S. earned, on average, 82 cents for every dollar earned by men, so a woman must work 15 months to make what a man earns in 12 months. This number varies based on occupation and industry - women in the legal field earn 63 cents, and women in finance and insurance earn 77 cents for every dollar earned by men.

According to an article in Forbes, women lose hundreds of thousands of dollars over a lifetime compared to their white male counterparts. For example, one study showed that white women lost $555,360, and black women lost $964,400 over their w...

If you have ever felt nervous about asking for a raise or raising your prices, you are not alone. Many women, even successful and high-achieving women, hesitate to advocate for themselves financially.

Sometimes it is mindset. Sometimes it is fear of rejection. Sometimes it is that voice whispering “Who am I to ask for more?” But here is the truth: your skills, experience, and growth have value. Your compensation should reflect that. Whether you work for a company or run your own business, increasing your income often starts with getting comfortable asking for what you deserve.

Why Asking for More Money Matters

I once worked with a client who transitioned into data analytics without a formal degree in that field. She was talented, highly capable, and significantly underpaid.

She believed she did not deserve the same salary as someone who studied analytics in school. However, I encouraged her to look at the value she was delivering: her expertise grew every year, her skills contribut...

If you want to increase your income and feel confident advocating for yourself financially, your mindset is the very first place to start. While we cannot control everything around us, we do have influence over the most powerful piece of the puzzle: our thoughts, our reactions, and the beliefs that shape how we approach money. When you take ownership of that inner voice, you put yourself in a strong position to attract and earn more.

And it begins with a simple act: asking for what you want.

Kids have this mastered. My kids ask for McDonald’s constantly and they do it with zero hesitation. Even though they hear “no” almost every time, they keep asking. They have not yet learned the fear that so many adults feel around money, rejection, or being seen as “too much.” There is a lot we can learn from that confidence.

Wanting something does not guarantee it will happen. But believing you have agency and actively participating in your money journey opens the door to more opportunities. Yo...

Improving your financial situation is always high on the list of resolutions I hear from my clients. After all, with a mindful eye on your finances, you can build stability for your family and be able to thrive for years to come without worry. (It’s such a hot topic, I created a list of 10 financial resolutions you may want to set for yourself to help in this mission.)

That said, surviving and then thriving takes a little effort in the beginning to get yourself on the right track. Case in point: How many dimes would you have for each person you hear claim that “This is my year”? You may have racked up a few dollars just counting all the times you’ve proclaimed it’ll be your year. And, I mean this gently…. What happened after that proclamation? Exactly. Never fear, these 5 simple steps will help you improve your financial situation once and for all so you can bask in the knowledge that this will be your year for years to come.

Make the Decision

The first step in making this year be “...

No matter where you are in your financial journey, whether you’re just putting together a financial planning binder or you’ve got a high-performing investment portfolio, everyone could benefit from spring cleaning their finances. Doing so will ensure your goals are still ones you want to work toward, you get back in touch with your numbers, and you can make adjustments sooner rather than later.

Here are my favorite posts that will help you dust the cobwebs out of your finances and refresh your bank account. They’ll help you empower yourself to learn about your finances and choose wisely to make your family financially sustainable!

Spring Clean your Money Mindset

The best place to start is by taking a look at your money mindset. I know firsthand that it takes practice to change beliefs, especially after you’ve placed them on cruise control for a while. Checking back in with how you think about money is important to make sure you’re thinking about wealth and finances in the best lig...

Asking for a raise can be uncomfortable for many of us. However, as I teach my children, if you don't ask the question, then the answer is always going to be no. If you want a raise and you feel like you've earned it, you need to ask for it. This is particularly true if you've taken on additional responsibilities but never been compensated for the additional value you're providing to the company.

Related post: Tips to Negotiate a Higher Starting Salary

Here are strategies for how to ask for a raise when you're underpaid: 

Know your company’s mission and goals.

Why is it essential to have a handle on your company's mission and goals? You’ll want to infuse them throughout your pitch for a higher wage. Show how the work you do aligns with your organization’s goals and mission.

Do your homework.

Knowing what the market rate is for your position is helpful when asking for a raise when you're underpaid. It costs companies a lot of money to bring on new employees and is generally cheape...

Just as with any new career, starting a blog can seem like a scary (and sometimes impossible) task. A significant difference between a blog and a typical job, though, is your income potential. A blog can give you the ability to make unlimited amounts of money, so consider that when you think of how nervous you are to put yourself out there. The payoff is usually worth it. Knowing that it’s time to face that fear, learn how to start a blog, and make some money. 

Related post: Don't Let Your Fear of Starting a Business Stop You

Choose a Niche

A blog niche is fundamental. A niche is essentially a category your blog will fall into. For example, this blog is all about finance related to moms. Other blogs talk about fashion, lifestyle choices, and specific career tracks. While most people have a topic in mind when they start their blog, some have no idea. If you’re in the second category, you should choose a niche that you are passionate about. 

While appealing to a broader audience may ...

As they say, "one man's trash is another man's treasure."

Experiencing periods of financial strife has happened to almost everyone. When it happens, it can bring on feelings of worry and anxiety. But one way to make some quick money is to sell some belongings you don't use or no longer want. From big-ticket items to clothing and tchotchkes, you might be surprised what you can sell to thicken your wallet. 

Follow these strategies to make the most from your sales:

1. Consider selling almost everything.

Make a list of the items you'll sell room by room and jot down reasonable prices to ask. Don't worry; you won't miss them once they're gone. Are your rooms over-stuffed with too much furniture? Sell your least favorite pieces. Sell that extra recliner in the back bedroom that's piled with junk. Sell the junk on it, too! 

You don't use your bread maker anymore? Sell it to someone that will. What about the wrong size clothing or those you dislike? If you don't wear them, sell them. I us...