ey often need to spend much more on her appearance than her male equivalents.

Another reason women are more likely find themselves in credit card debt, is their emotional connection with money. For women, money often symbolizes security or the ability to attain a better lifestyle. It is often difficult for women to separate their emotions from the detached business of money which creates many problems over time. Women tend to express their love, goals, and individualism through money, while to men, money is money.

Women assign money value that it doesn’t have, the ability to improve their self-esteem or their happiness. These are values that have been adopted in childhood because parents are more likely t

I always say shopping is cheaper than a psychiatrist- Tammy Faye Baker

Here is a mind blowing statistic: Women account for 85% of consumer purchases.* And in a country where spending is a driving force of the economy and the average consumer credit card debt is $8,000, there is an enormous amount of buying power in the hands of women. There are several reasons why women purchase more than men; for instance, women are often in charge of the household expenses and day to day shopping or they spend more because of societal pressures regarding appearance and lifestyle. Another reason is the need to expunge their emotions through the act of shopping.

Men, on the other hand, have a more straightforward approach to purchasing goods; they spend money on things they deem are needed or necessary and are much more focused on saving for the future. They are not as vulnerable to credit card debt as women because they see themselves as the providers of money. However, when men do buy, it is usually for larger scale purchases such as electronics, houses, or cars. These are more lasting purchases and houses and cars are generally considered assets. On the other hand, women tend to spend the most money on clothing, shoes, and accessories.

Purportedly, the rate of bankruptcies, because of credit card debt, for women between the ages of 18 and 34 is the second highest for any group.* The influential factors of celebrity and the adoption of status symbols and name brands have helped contribute to the increase in spending among young women. The younger generations are more likely to purchase an expensive handbag, shoes, or electronics than to save their money. According to the RAMA web site: “Through television, movies and celebrity magazines, Gen Y consumers are more educated than ever about the hottest brands of jeans and the most popular styles,” said RAMA Executive Director Mike Gatti. “Many of today’s Gen Y shoppers see their favorite celebrity in a certain brand of jeans and will head out to purchase the same pair.”* Since young women have more exposure to celebrities and their lifestyles than every before, they try to emulate their lifestyles through their purchases—often leading to more credit card debt.

These trends, along with less knowledge of juggling finances, investing, and saving contribute to the fact that twice as many women between the ages of 18 and 25 ask for credit counseling than men.* However, this is also a result of necessity; for example, a main reason women spend too much is that the standards for work apparel are different for women than men. Men’s clothing is less susceptible to becoming dated, while women need a variety of outfits that are constantly being updated. For women to appear modern, they often need to spend much more on her appearance than her male equivalents.

Another reason women are more likely find themselves in credit card debt, is their emotional connection with money. For women, money often symbolizes security or the ability to attain a better lifestyle. It is often difficult for women to separate their emotions from the detached business of money which creates many problems over time. Women tend to express their love, goals, and individualism through money, while to men, money is money.

Women assign money value that it doesn’t have, the ability to improve their self-esteem or their happiness. These are values that have been adopted in childhood because parents are more likely to

straightforward approach to purchasing goods; they spend money on things they deem are needed or necessary and are much more focused on saving for the future. They are not as vulnerable to credit card debt as women because they see themselves as the providers of money. However, when men do buy, it is usually for larger scale purchases such as electronics, houses, or cars. These are more lasting purchases and houses and cars are generally considered assets. On the other hand, women tend to spend the most money on clothing, shoes, and accessories.

Purportedly, the rate of bankruptcies, because of credit card debt, for women between the ages of 18 and 34 is the second highest for any group.* The influential factors of celebrity and the adoption of status symbols and name brands have helped contribute to the increase in spending among young women. The younger generations are more likely to purchase an expensive handbag, shoes, or electronics than to save their money. According to the RAMA web site: “Through television, movies and celebrity magazines, Gen Y consumers are more educated than ever about the hottest brands of jeans and the most popular styles,” said RAMA Executive Director Mike Gatti. “Many of today’s Gen Y shoppers see their favorite celebrity in a certain brand of jeans and will head out to purchase the same pair.”* Since young women have more exposure to celebrities and their lifestyles than every before, they try to emulate their lifestyles through their purchases—often leading to more credit card debt.

These trends, along with less knowledge of juggling finances, investing, and saving contribute to the fact that twice as many women between the ages of 18 and 25 ask for credit counseling than men.* However, this is also a result of necessity; for example, a main reason women spend too much is that the standards for work apparel are different for women than men. Men’s clothing is less susceptible to becoming dated, while women need a variety of outfits that are constantly being updated. For women to appear modern, they often need to spend much more on her appearance than her male equivalents.

Another reason women are more likely find themselves in credit card debt, is their emotional connection with money. For women, money often symbolizes security or the ability to attain a better lifestyle. It is often difficult for women to separate their emotions from the detached business of money which creates many problems over time. Women tend to express their love, goals, and individualism through money, while to men, money is money.

Women assign money value that it doesn’t have, the ability to improve their self-esteem or their happiness. These are values that have been adopted in childhood because parents are more likely t

ebt, for women between the ages of 18 and 34 is the second highest for any group.* The influential factors of celebrity and the adoption of status symbols and name brands have helped contribute to the increase in spending among young women. The younger generations are more likely to purchase an expensive handbag, shoes, or electronics than to save their money. According to the RAMA web site: “Through television, movies and celebrity magazines, Gen Y consumers are more educated than ever about the hottest brands of jeans and the most popular styles,” said RAMA Executive Director Mike Gatti. “Many of today’s Gen Y shoppers see their favorite celebrity in a certain brand of jeans and will head out to purchase the same pair.”* Since young women have more exposure to celebrities and their lifestyles than every before, they try to emulate their lifestyles through their purchases—often leading to more credit card debt.

These trends, along with less knowledge of juggling finances, investing, and saving contribute to the fact that twice as many women between the ages of 18 and 25 ask for credit counseling than men.* However, this is also a result of necessity; for example, a main reason women spend too much is that the standards for work apparel are different for women than men. Men’s clothing is less susceptible to becoming dated, while women need a variety of outfits that are constantly being updated. For women to appear modern, they often need to spend much more on her appearance than her male equivalents.

Another reason women are more likely find themselves in credit card debt, is their emotional connection with money. For women, money often symbolizes security or the ability to attain a better lifestyle. It is often difficult for women to separate their emotions from the detached business of money which creates many problems over time. Women tend to express their love, goals, and individualism through money, while to men, money is money.

Women assign money value that it doesn’t have, the ability to improve their self-esteem or their happiness. These are values that have been adopted in childhood because parents are more likely t

ir.”* Since young women have more exposure to celebrities and their lifestyles than every before, they try to emulate their lifestyles through their purchases—often leading to more credit card debt.

These trends, along with less knowledge of juggling finances, investing, and saving contribute to the fact that twice as many women between the ages of 18 and 25 ask for credit counseling than men.* However, this is also a result of necessity; for example, a main reason women spend too much is that the standards for work apparel are different for women than men. Men’s clothing is less susceptible to becoming dated, while women need a variety of outfits that are constantly being updated. For women to appear modern, they often need to spend much more on her appearance than her male equivalents.

Another reason women are more likely find themselves in credit card debt, is their emotional connection with money. For women, money often symbolizes security or the ability to attain a better lifestyle. It is often difficult for women to separate their emotions from the detached business of money which creates many problems over time. Women tend to express their love, goals, and individualism through money, while to men, money is money.

Women assign money value that it doesn’t have, the ability to improve their self-esteem or their happiness. These are values that have been adopted in childhood because parents are more likely t

ey often need to spend much more on her appearance than her male equivalents.

Another reason women are more likely find themselves in credit card debt, is their emotional connection with money. For women, money often symbolizes security or the ability to attain a better lifestyle. It is often difficult for women to separate their emotions from the detached business of money which creates many problems over time. Women tend to express their love, goals, and individualism through money, while to men, money is money.

Women assign money value that it doesn’t have, the ability to improve their self-esteem or their happiness. These are values that have been adopted in childhood because parents are more likely to encourage boys to be more entrepreneurial while girls are often subconsciously taught that they should be taken care of financially. These influences are the blueprint for a life of financial success or financial disaster. Women do not learn how to properly save and, therefore, find themselves in credit card debt.

Addressing the emotional connections that you have with money and why they you them is an important step in the process of achieving financial responsibility and a debt free life. To calculate how long it will take to pay of your debt, try this free online calculator.