YOU SHOULD KNOW

Stressful feelings about money are real

43% of women worry about money at least once a day, and 59% do so at least once a week. This has harmful effects, both in their financial accounts and in their lives.

Money stress makes women sick. Research has linked money worries to anxiety and depression — even inflammation, high blood pressure, headaches, and asthma.
Money stress makes women stay silent. Girls and women have been conditioned not to talk about money. Why would they risk reinforcing myths like women being “bad at money” during a time when it might feel … like you maybe are? In this reactive state, it’s much easier to believe society’s money lies.
Money stress keeps women from stepping into their power. Money stress can be overwhelming. Feeling this way can make you freeze up, procrastinate, or withdraw. When you’re overwhelmed, you might not be able to see that you have financial power, and you have it right now. If you can’t see it, you can’t choose to use it.

So, yeah, stressful feelings about money are real. But when you feel better about your money, you feel better about your life. Here are six ways that financial planning can help.

Read the rest

CLASSIC BEHAVIORAL FINANCE

“I valued something I owned more than I would if I hadn’t owned it. You may have heard of it; it’s called the endowment effect. And I thought my position at the company meant I was ‘smarter’ than the market.”

‌‌Read why having a good financial advisor to understand your equity compensation really matters.

POST-DIVORCE CONFIDENCE

Women’s finances decrease 41% on average after divorce. We’re here to help women reclaim their financial independence.

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A FAIR SPLIT FOR EVERYONE

One of the most common questions we get here at Ellevest is how to split expenses with a partner. So we made you a calculator.

Get the worksheet >

See you there?

FREE: All About the Benefits of Ellevest: Being an Ellevest client means you get a host of perks and services to maximize your money game. Learn about them all in this free workshop.
AUGUST 6 @ 7 PM EST: Sign up here
Planning for Your Dream Retirement: Speaking of vacay, how about a perma-vacation? Learn how to get on track to make yours happen.
AUGUST 8 @ 1 PM ET: Sign up
How to Pay Off Debt: Paying off debt is a huge financial win, and we’re here to help you get there.
AUGUST 13 @ 1 PM ET: Sign up

Text that reads, “I cannot even put into words how happy I am with hiring a CFP® pro from Ellevest. Wow.”

Showing up in the group chat

What we’re talking about: Why so many Gen Zers and millennials have “money dysmorphia.”
What we’re celebrating: Childless cat ladies. Celine. Life beginning at sixty. Pickleball besties.
What we’re side-eyeing: We don’t have to guess whether candidates of a certain race or gender are more likely to be hired. The facts speak for themselves.
Asking for a friend: What can you get with $1 million in today’s housing market? A starter home.

This newsletter was brought to you while wondering what Paris did with all the rats. Forward it to your friends who get the reference immediately.

DISCLOSURES

Testimonials were given by clients of Ellevest, Inc. Testimonials are representative of the client's views at the time collected, may not be representative of the experiences of other clients, and do not provide a guarantee of future performance success or a similar experience or services. No compensation was provided for these testimonials.

All opinions and views expressed by Ellevest are current as of the date of this writing, are for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.

Information was obtained from third-party sources, which we believe to be reliable but are not guaranteed for accuracy or completeness.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities, and should not be considered specific legal, investment, or tax advice.

The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.

Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.

Ellevest, Inc. is a SEC registered investment adviser. Ellevest fees and additional information can be found at www.ellevest.com.

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What The Elle - 🥐 Unfiltered money advice

Stressful feelings about money are real

“I valued something I owned more than I would if I hadn’t owned it. You may have heard of it; it’s called the endowment effect. And I thought my position at the company meant I was ‘smarter’ than the market.”

Don’t stay on the sidelines of your own finances.

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