I just spent two days doing what I love: talking and brainstorming with other smart professionals about the financial needs of women.
So I was feeling good, able and willing to speak up where it matters and be a part of the changing conversation, as I drove northward today to do another thing I most like to do: be a caretaking gramma to my 2 ½ year old grandson. In short, I felt powerful and complete as a woman.
Deep in my contentment, I was just half-listening to the radio. But a woman’s voice in a radio ad caught my attention, mostly because it so perfectly captured my own thoughts. “I found myself so completely focused,” a woman is heard to say to a friend. “There was nothing I could not have.”
But the bubble of self-esteem quickly burst when the ad then revealed what the radio lady was so intensely focused on, what was giving her such a sense of power. It was shopping! The woman’s ultimate “in-the-zone” experience was nothing less than a trip to a big box store where she “could spend to win!”
Shopping … nothing less, but also nothing more. The ad offended and dismayed me in equal measure. Can it really be the case that women live to shop and consider an afternoon searching out bargains a “win”?
I’d love to blame the advertisers for their clueless insensitivity to the true mettle of women, but I have little doubt that they did their statistical homework on their listening audience. They knew what verbal buttons to push to get these ladies driving directly to the mall.
Don’t get me wrong – I like snagging a great pair of shoes at a deep discount just as much as anyone, and when I do, I tell people, though not on the radio. What bothers me is the implication that our financial power as women is defined by our shopping, and not by our other financial activities and decisions, such as how to make money, how to save or invest it, how to give it.
Women have been defined by cultural and economic history as the household spenders. In the 1950s, only one of three women worked, leaving the other two thirds to stay at home and care for kids and the house. The post-war economic boom made it possible for a family to live on one income, buy a home, and in many cases, have two cars – one usually a station wagon. In those days, most women were given money – they did not earn it – and their job was to allocate it responsibly for the needs of the household. In high schools, young women took “home economics” to learn how to sew clothes, cook nutritious meals, and develop a household budget.
But roll forward to today. It has become an economic necessity for most women to work, and perhaps as a result, far fewer of us sew or cook, at least not three squares a day. The household allowance has also gone by the wayside: with our own incomes and credit cards, no longer are we limited by the money we are given by a partner.
This is certainly progress and empowerment for women. But there may be a downside as well. “Spending” as a responsible female activity has subtly shifted into “shopping,” bringing along with it the sense of being recreational rather than necessary. It’s a sport, and damn if we are not good at it.
But we are, or can be, so good at so much more when it comes to using our financial resources. We are smarter than any “Save 50 percent” sign on a department store item, and know that there are no real savings until we have actually banked the discount. We understand that “winning” something that we never knew we wanted until we got to the store is really a loss of self-control and judgment.
In my opinion, it’s time for us women to go shopping … for some new messages about who we are as financial decision-makers.

Eleanor- I love this! I feel the same way. I see women of all ages shop like they have endless amounts of money and no other financial responsibilities to their name. But I cannot blame them. We are drowned with messages from the media about our looks, clothes, designer labels, and to BUY, BUY, BUY now, now, now to keep up with what we think is the “perfect woman”- Good looks, good career, good family, good kids, good body. However, this marketing message is unrealistic. Women need our help realizing that it is okay to shop but also critical to focus on making more, save money, invest money and ultimately create a life that can be sustained long term. I love your ideas and believe we have the opportunity to help women become financially wise!
The really curious thing about shopping is that we shop WITHOUT KNOWING WHAT WE NEED…and being happy solely that something is a bargain.
My Dad always told me that it’s not a bargain if you don’t need it, and I found that to be a wise insight, albeit from someone who occasionally didn’t need his purchases either. I’m realizing that what my Dad was actually talking about was goal-setting.
When I make a shopping list, research the qualities I need in my future purchase, and prioritize my needs, I am actually doing goal-setting. And goal-setting is the foundation of all good financial planning. Maybe it’s this missing link in our shopping behavior that also keeps us from understanding the importance of financial planning.
Makes me think that we should “make a silk purse out of a sow’s ear” (another of my Dad’s sayings) and focus on teaching women HOW to shop!
Great observation. I’m really curious about this group’s thoughts on what new messages you would like to hear. I really like the idea in the comment above about teaching women how to shop.
My imagination wanders to shopping with my values. Personally, I hate shopping. So I tend to do it sporadically and rather impulsively, it feels like something I just want to get done with already! Needless to say that often leads to irrational purchases.