Stephanie Linus Daily

Tag: money

  • 6 Reasons Why Women Need to Be Financially Independent

    It’s a Monday and I believe we have amazing goals we have set to achieve this week.

    Something interesting happened on TwitterNG last week that turned what was supposed to be petty trade of words into an epic comeback that set Twitter on fire. A young man took a girl to the cinemas and took to Twitter to rant because she refused to get into a relationship with him. After calling her a “broke ass hungry b****”, the lady in question gave him the comeback of comebacks when she replied his tweet with a break-down of the amount he spent on the date (N3800) and a screenshot of a refund to the guy (N5000). #KeepTheChangeBae

    Now, this conversation speaks to a larger societal problem that has deep ties in patriarchy. It is about men who feel entitled to things just because they are men and have more economic power than women.

    My friend once told me about a sister of hers who always complained that her stomach churned anytime she wanted to ask her husband for money. Imagine having everything including your every need and dreams tied to one man – that is not wise at all.

    Here are 6 reasons why I feel it is important for women to be financially independent:

    1. To be self-reliant: Making and having your own money means you don’t have to depend on anybody. Rather than living in an artificial bubble where you get to enjoy things that you cannot afford, being financially independent makes you cut your coat according to your size and spend your money in line with your values.

    2. It makes you self-confident: Being financially independent gives you the confidence to make your own decisions and live life on your own terms. Imagine what damage it would have done to that girl’s self-esteem, if the guy was able to get away with what he said. But she was able to keep her dignity and even sanity because she was able to prove that she was by no means financially disadvantaged.

    3. So there would be no surprises: This is pretty straightforward; if the man is the only breadwinner in the family, many things could go wrong. If anything happens, it would be difficult to adjust or adapt to the situation, and this would have been easily managed if the woman was also financially independent.

    4. To avoid resentment: If you keep taking from someone without contributing anything, there would be points where resentment would creep in. It’s simple logic! The guy could say “I go out every day to make money and you spend N35,000 on buying aso-ebi”.

    5. To stop feeling helpless: Many women stay in abusive or uncomfortable relationships because they feel they have nowhere else to go if they leave. With financial independence, a woman is able to make better choices for herself.

    6. It’s better for everybody: When women are financially empowered, they are also able to contribute their own quota on the home front and to the economy at large. It is better for the welfare of society at large to have more “Miss Independents” out there.

    Whether you are single, married or divorced, I believe every woman can and should be able to fend for herself. It just makes more sense to be safer than sorry.

    SL Fabz, do you agree with me?

  • Stephanie’s Poll: How Much Should A Man Earn Before Getting Married?

    Some days back, while minding my business on social media, I came across this debate about the amount of money a man should earn before getting married.

    The debate was quite heated and interesting.

    Now, let’s properly analyze this. Here, I am referring to a man who is ready to settle down with a wife and have a family. This is considering the fact that the man would take up most of the financial responsibilities of the home and probably some from the extended family.

    Can we really put a figure to this income? Let’s try.

    A. Exactly or Below N50,000 Monthly

    B. Between N50,000 to N100,000 Monthly

    C. Way more than N100,000…. In fact, millions!

    D. It really doesn’t matter

    What is your choice? And why?

  • Stephanie’s Poll: Money vs Time

    We can’t deny the fact that for every marriage to pass the test of time, comfort which comes from having good finances and quality time are both important. The question for today is, which one is most important to you?

    Let’s examine both scenarios:

    Without having enough money to cater for one’s needs, it puts a strain on marriages. These days women are not comfortable when they have to rely on their husbands for every financial responsibility.

    On the other hand, a couple who do not spend enough quality time together as a result of very busy work schedules often have a big gap in their relationship. It gets even worse when children are involved. When children don’t spend enough time with their mother because she is too busy with work, there could be grave consequences.

    As a man, would you prefer to have a wife who earns a lot of money and spends less time at home with the family or would you prefer a wife who has all the time in the world for the family and earns very little or nothing?

    Let’s be realistic SL Fabz. I’d love to hear from you.