Why Self-Care Means Caring For My Finances

"Existing at the intersection of being both black and a woman in America, and feeling like I was in an ongoing struggle against sexism, stereotypes and socioeconomic barriers, I realized that I could no longer fight these battles alone."

Photo credit:

| October 15 2018,

4:24 pm

At a young age, black women are encouraged to further their education in hopes of it bringing them a successful career and a financially stable life. Many times, these young women are the first in their families to go to college and don't have the necessary resources to navigate the loan and education system to their best advantage. They then take on these loans, as well as credit card debt, to earn advanced degrees, hoping to make enough money to one day pay it all off — but suddenly finding out how challenging it can be to meet payment deadlines.

I've seen these statistics come to life for many women, and like them, I have faced similar challenges in the pursuit of higher education to provide a secure future for my family. After a divorce over financial disagreements, I found myself struggling to make ends meet. Living paycheck to paycheck, I was unaware of how financially unstable I was until I found myself facing a medical emergency and unable to pay the bills. Existing at the intersection of being both black and a woman in America, and feeling like I was in an ongoing struggle against sexism, stereotypes and socioeconomic barriers, I realized that I could no longer fight these battles alone.

Many of us struggle between balancing self-care and financial obligations. One motto in the group is “priorities over prettiness,” to encourage women to practice self-care in cost-effective ways such as reading a book or going for a walk. Through this, we want to emphasize the importance of physical and mental well-being, and redefine self-care to include financial literacy. We share live videos, host sessions on credit repair, offer career advice and share tips on topics ranging from savings to life insurance to home buyers programs. The Broke Black Girl focuses on building a sisterhood where our collective efforts in sharing knowledge can be passed down to help future generations of black women achieve financial freedom.

black woman
MONEY
Personal Finance
debt
X