As a woman of color, being financially savvy isn’t optional – it’s mandatory. Not only do we face gender and race inequality when it comes to wages, raises, and promotions, but there are also hidden costs associated with being a woman that are often ignored and overlooked!

Both outright and inconspicuously, we’re often faced with targeted adversity. Here are two areas that you don’t want to forget when getting your finances together!

girl things

As a woman, our needs are vastly different from our male counterparts. From sanitary products, beauty aids, toiletries, and makeup, our personal expenses can be disproportionately larger. While we don’t necessarily need all of these things, it’s often expected that we use them. For example, most of us don’t need makeup, but we use it to look a certain way, to enhance our beauty, or because it’s the silent expectation.

The money problem shows up when we’re not taking account of how much all of this costs us.

When budgeting your money, take these costs into consideration. Think about your trips to the salon or nail shop, how often you purchase new clothes and shoes for work, and how much you actually spend on healthcare items each month.

Some like to refer to these expenses a ‘hidden tax’ on being a woman. This blog post explores how it affects all of us: 

personal care

I’m not talking about cleanliness or a spa visit. Personal care reaches far beyond that. When was the last time you forced yourself to go to work, even though you were very ill? Or you rushed back to work after your baby was born because maternity leave wasn’t offered by your employer? Maybe it’s the time that you were injured on the job and just suffered through the pain, instead of calling someone like to represent you, because you didn’t want to make a fuss.

The truth that as women, we’re taught to power through. Someone – husband, family, kids, employer – always needs us. But the truth is that putting your personal care needs off now, can cost you later.

Stop putting yourself second and make room in your budget to care for yourself properly.

  • Make sure that you have health insurance, save some of your paid time off for when you’re sick – and not just vacation.
  • Don’t be afraid to take time off when you’re sick. Put your health first – without it, you won’t be able to do your job anyway!
  • Thinking of starting a family? Research your current employer’s maternity leave policy. If it doesn’t fit with what your expectations, start saving now or look for a new place of employment that is mom-friendly.
  • If you get hurt while at work, report it. Your employer likely has a system in place to ensure that your needs are met.

how to navigate the risks associated with being a woman in the workplace - Tiffany Nicole Forever Blog