There’s a saying, “that if you’re not in control of your money, you can’t be in control of your life”.
Setting a budget and tracking your spending is the first step to managing your finances and empowering you. Determine your goals and make a list of the areas where you can save, even the little things like resist buying magazines, instead go to the library. Women face unique financial hurdles as they’re generally paid less than men and lead disrupted careers to raise children, therefore gaining some financial expertise is invaluable.
We interviewed Rhiannon Bloffwitch, the Commonwealth Bank Bunbury Branch Manager, who is speaking on Budget and Financial Independence in Bunbury on 30th June.
Q: Rhiannon share your expertise – describe what you offer to people attending on the day and why you are good at what you do?
A: As a woman, having financial independence greatly improves your decision making ability when prioritising what is important in your life. By having a regular income you are able to capitalise on investments and wealth to further improve your quality of life. The hard part is managing money so it is there when you need it. As someone that has not always managed money well I can give you my experience from how to go from a spender, to a saver. Along with giving you tips and tricks on how to arrange you’re banking to give you the best chance of success.
Q: How will you be able to help women – what skills will they learn from you
Women and the importance of insurance
Q: Share a personal story – how have your skills helped someone in your professional career?
A: By supporting and mentoring the people in my team we have made many positive transformations. Having a disengaged employee can have negative results on the whole team but by understanding their issues and difficulties affecting them we can put steps in place to minimise the problems at keep them at work. For example changing hours or locations can help, in fact Commonwealth bank provides flexible working arrangements to many of its 45,000 employees.
Q: What are your Top 5 Tips and what led you to share them
A: These are the five most powerful tips that have helped me to succeed in my career that I believe have made the biggest difference to me.
Top 5 Tips:
- Take care of yourself first, if you had a machine that printed $100 bills each Friday would you look after it?
- Put a little bit off money aside each pay, as much or as little as you can but make sure it is regular.
- Invest in property
- Pay off your credit cards
- Take all opportunities that come your way, you have no idea what they might lead to.
Q: Rhiannon, what inspires you and why do you want to be involved in this event?
A: I love seeing women in positions of power in the workplace, for too long men have held majority of the leadership roles and taken home majority of the pay packet. We as women can support each other to balance family and work so we flourish together.
- An interview with Rhiannon Bloffwitch (written by Alexia Brbich)
- Branch Manager, Bunbury, Commonwealth Bank: www.commbank.com.au
- Speaker at our project: Re-energising Women to Re-enter the Workforce
- Presentation Topic: Budget & Financial Independence
- Event: 30 June 2016 @ Bunbury CCI, 15 Stirling Street, Bunbury, Western Australia.
Want to learn more?
Register your interest to attend our event on 17 Feb 2016: Re Energising Women To Re-Enter The Workforce
Check out our full list of speakers for this event