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8 Answers to Questions about Lesbian Money

  May 24, 2022  |    #Live Fabulously

Hi there! You new here? We love that you found our little corner of the web. Here at Debt Free Guys, we’re all about helping people experience the freedom of becoming debt free! Would you love to feel that relief? After reading our article below, see how we can help you more here.

What are some unique lesbian money financial challenges? 

There are financial challenges unique to queer women and the LGBT community. Let us help you take the first step in reaching financial security by learning how to pay off your credit card debt. Start by getting your free copy of the 7-Step Credit Card Debt Slasher.

Why do so many lesbians carry a fear of combining finances with a partner? 

We know that the LGBTQ+ community faces unique financial challenges. But we are also cognizant of the fact that each subgroup within the queer population deals with its own specific set of money issues. And over the years, we’ve gotten questions from listeners specific to lesbian money. So, who better to field those questions than a panel of successful queer women who are experts in the fields of finance and psychology?

Jenni Dazols is a financial planner and founder of Modern Family Finance, a firm that helps LGBTQ+ households achieve financial freedom. Dr. Angela Koivula is the licensed clinical psychologist behind Affirmative Counseling and Psychological Services, a mental health practice that caters to the queer population. And Dr. Jennelle is a trained psychologist and relationship advisor who specializes in working with the LGBTQ+ community, specifically women who were previously in relationships with men and are now with women.

On this episode of Queer Money®, Jenni, Angela and Jennelle join us to explore the financial challenges unique to queer women, explaining why so many lesbians carry a fear of combining finances with a partner and what additional expenses they incur in forming blended families. Our panelists discuss why women, in general, see money in a negative light (and what we can do to change that) and describe how feeling undeserving leads to financial anxiety in marginalized populations. Learn how lesbians navigate a world that was not designed for a woman’s financial independence.

Listen to Jenni, Angela and Jennelle’s insight on being transparent about money:

Topics covered on lesbian money

  • How money is different for our panelists and their families due to their LGBTQ+ status
  • What drives Jenni, Angela and Jennelle to achieve financial success
  • The financial challenges unique to queer women
  • Why so many lesbians carry a fear of combining finances with a partner
  • How the financial challenges women face in general are exacerbated in lesbian couples
  • Why women tend to see money in a negative light and what we can do to shift that narrative
  • The benefit of sharing our salaries and concerns around money
  • How feeling undeserving leads to financial anxiety in marginalized populations 
  • The additional expenses associated with leaving a traditional relationship with a man for a same-sex partnership with a woman
  • Assigning value to the emotional labor women do behind the scenes 
  • Why it’s important to have financial planners who look like us and have lives like ours
“Some of the challenges that women face financially are exacerbated when you're talking about two women together. One example of this is around investing.” - Jenni Dazols from Modern Family FinanceClick To Tweet

Connect with Jenni

Connect with Angela 

Connect with Jennelle

Connect with David and John

Resources on lesbian money

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Get more on lesbian money:

We’re David and John Auten-Schneider, the Debt Free Guys and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs, and 3) save and invest for retirement.

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