Money Mastery for Women
The Jewish House will launch a course specifically designed to teach women how to independently control their own money.
Camilla Mendoza pic: Henry Benjamin
Camilla Mendoza is a life coach who has learned through personal experience the necessity of how a woman should have a developed awareness of how to handle money.
She told J-Wire: “I am not a financial planner or a financial consultant…and I stress that I will not be giving financial advice. This course is designed to to enhance or create a woman’s financial acuity.”
I used to be a mortgage broker and discovered that women working through divorce settlements and refinancing were experiencing problems. My course is designed to teach women how to get money into their bank accounts. I grew up in a fairly wealthy middle class home being brought up on the premise that nice girls don’t discuss money. I wasn’t taught how to make money for myself. When my marriage ended, I found myself in financial trouble.”
Mendoza lost her house and found herself in the midst of a serious financial crisis. She started to analyse for herself as to how she spent her money and in what frame of mind she was when she did so. “I believe we all have an element of pain relief as to what we spend our money on”, she added.
Mendoza said she bacame focused on how she spent her money. She said: “Women spend a lot of time looking after others. I teach them to ‘pay themselves’ first and how to manage their money so they are aware of where the money goes. I’ve met women who have never paid a bill in their lives. They stick everything on a credit card and their husband takes care of it…and this includes purchases like shoes and clothes which have never been worn.”
When she found herself in serious financial difficulty, Mendoza turned inwards for help and started to take control of her own finances. She advocates placing 10% of her income into a separate bank account which she considers as the money she has earned for herself and forms the basis of beginning to amass personal wealth.
She will talk about using cash v credit card and how to approach the purchase of shares.
Mendoza will be joined by Cheryl Bart and Diane Shoolman on February 22 at the Fanny Reading Council House in Woollahra. Her workshops will take place at the Jewish House in Bondi for four consecutive Tuesdays from March 8.
Mendoza is planning to extend her course to teenagers.
