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Money Management Camps Focused On Females

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Most of the time we think of a financial camp as something for kids, but in fact another group is in almost as much need of the education at these camps as the kids are. That group is women, and in some cases, their need is greater because as adults they have much more at stake. Despite the feminist gains of the latter half of the twentieth century, many women grow to adulthood being taught that it's not their job to learn money management. And they have no idea how they could suffer from their lack of knowledge.

Because of this, Elisabeth Donati, who created the Camp Millionaire programs for kids, worked with Donna Kall to design a program specifically for women. It's a camp called "Creative Wealth for Women," and it addresses some financial problems that come up in a woman's life.

For example, if her husband took care of the finances and she is suddenly widowed or divorced, does she know how to manage and save her money? What if she's got a new job and doesn't know how to manage the money? Or what if she encounters the proverbial glass ceiling?

The problem actually starts earlier than adulthood, though, which is why Donati began to offer a Millionaire camp for girls alone, on occasion. Despite the feminist advances made over the years, girls are still not given either the education or the respect they need if they try to become interested in financial matters. Their interest is frequently downplayed while that of boys is paid great attention. So a financial camp exclusively for girls has become something of a necessity.

There are several issues involved in designing a financial camp or other program for women, and not all of those issues are financial even if they interconnect. Women still don't seem to be taught that they can be just as good at money management as men. Instead, many of them are taught that it's a "man's job" to think about money, and somehow a "woman's job" to be taken care of. Clearly, the advances that have happened since the sixties have not come far enough, and women still have some catching up to do.

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