Suze Orman was on the Today show today, talking a little bit about how otherwise smart, savvy, capable women are not always skilled at managing their money. That includes debt. Women, she said, tend to think about money in terms of giving it away rather than saving or investing it. She did not address debt, but it occurs to me that women are often way more comfortable with debt than they ought to be and way less comfortable with saving than they should be.
Since 40% of businesses in America are owned by women, women are in a good position to understand how to structure or arrange debt in the most advantageous ways.
A woman who owns her own home and has reasonably good credit is in a good position to consolidate her debt, providing she has a lot of debt at higher interest rates.
