#23 Financial Literacy - time to check your piggy bank with Astrid Zehbe

Although during your parental leave you’ll be focused on spending
time with your baby, this is also an excellent time to check your
finances, says Astrid Zehbe.


The journalist and mother of two has always had an interest in
female finances, and she turned that into a career during her own
parental leave, when she co-founded the magazine Courage to cover
female careers, finance and wellbeing. Today, she is editor in
chief at finanzielle, a finance magazine for women published by
Emotion Magazine.


In this podcast, she shares a wealth of knowledge and advice on
things that we can do now - particularly if we are on parental
leave - to ensure that we are financially independent later in
life. Parental leave is a great time to do this for two reasons
(and it’s not because you have time off, because we all know
that’s not true!) 


️ there’s a new urgency to ensure that our finances are in order
because there’s an extra person in the family;


️ any decision that we make to work less after our parental leave
ends will result in a pay-gap and later a pension-gap. So it’s
really important to plan for the financial  consequences
when making those decisions now. 


Of course, she has solutions to offer. And she also recommends
investing for our children now, not later: "They have a very long
investing horizon,” she says, "so you can invest very risky
because it’s such a long time - so I would just start right
away.” 


But, as they say in the airplane, remember to put your own oxygen
mask on first before helping others! By securing your own
financial future, you are of course also helping your children,
because you won’t be a financial burden on them later.


And of course, talk to your partner and make sure you are on the
same page


What are you doing to prepare for the time after your parental
leave when it comes to finances? How have you and your partner
addressed the pay-gap and pension-gap of the parent who is taking
on more care work? 


Speaker: Astrid Zehbe, Editor in Chief @finanzielle Magazine
@emotion


Interviewer: Dr. Ricarda Engelmeier - Founder @MyCollective


Music: sponsored by @Michaelkadelbach


Picture: Markus Witte / Astrid Zehbe


Graphic & Production: MyCollective


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