Held on the 8th of March, International Women’s Day is a day that recognises and celebrates women’s achievement and promotes progress for women’s rights. Throughout history, women have fought against gender discrimination, winning the right to vote, work, drive and much more. One of the things that often comes up when we talk about women’s rights is the gender pay gap and according to Morgan Stanley, we could be 170 years away from equal pay.
But don’t let that get you down, women are smashing goals in finance different ways! For example, women are now more likely to buy their own home. So to inspire you this International Women’s Day, here are four women who didn’t take ‘no’ for answer and went on to make a difference in Australia.
Beginning as a student at the University of Western Sydney, Melanie taught students how to use online design tools, like Photoshop but found that the programs were harder to learn and even more complicated to use. So she invented Canva, a free and easy to use graphic-design tool, which now has over 10 million users! Why is she first on our list? Because at only 30, she’s now leading a $1 billion startup company, making her one of the youngest (and super successful) CEOs around.
At Mozo, we’re all about helping people use their money more wisely, which is why we couldn’t go past Tammy Barton. After working at a debt collection agency and witnessing the stress of financial difficulty, Tammy founded MyBudget – a personal finance service that helps Aussies get control of their finances through budgeting and money management. Along with having 15 offices across the country, she recently won the Telstra South Australian Business Woman of the Year Award.
Edith Cowan is widely recognised as being the first Australian woman to serve as a member of parliament! She first started as a social worker, helping about women and children who had suffered injustices under the legal system before turning her focus towards disadvantaged women and children who struggled to get by. And if you feel like you’ve seen her face before, you probably have – she’s on the $50 bill!
Last but certainly not least is Jennifer Westacott, the Chief Executive of the Business Council of Australia (BCA). Having over 20 years of experience in leadership roles for both the NSW and Victorian government, Westacott now assists CEO members of the BCA with their contributions across policy agendas, some of which include infrastructure and sustainable growth, healthcare and regular engagement with Indigenous Australians.
Top tips for financially savvy females
If you’re a woman thinking about kicking up your finance game through investment, entrepreneurship or even by changing up your financial products, here are Mozo’s top four tips for financially savvy females:
- Investment – While you’ll need confidence as an investor, minimise risk (and stress) by diversifying your investments. This is a good idea for women that are limited in the amount they can invest.
- Financial products – Don’t fall into the trap of thinking you’re stuck with a bank that no longer offers you the best deal around. Take the time to shop around and compare on products like your home loan, credit card or even your energy plan!
- Planning for the future – There’s nothing wrong with asking for help, especially if you’re determined to secure a better future. A financial advisor can help you map out a plan of your short and long term goals while acknowledging any risks you may encounter along the way.
- Entrepreneurship – Education is key for every successful entrepreneur, so it’s a good idea to do your homework before making any financial move, like taking out a business loan to start a new business.