Setting a budget may is tough already but following a budget requires a never-ending slew of decisions and judgments. Budgets are cruel dictators, mean CEOs. They don’t care about us, the little guys, the minions that are carrying out their wishes. But even though we may all complain about how arbitrary and unhelpful our bosses are (I know I do), we may not all question our budgets. Even the best laid plans need to be evaluated and revised as conditions change. Budgets are no different and this is the perfect time to determine whether your budget is ailing from one of the following three mistakes that mess up budgets for lawyers.
Lawyers do not take in information passively. We’re poking holes and asking questions that I think every educated citizen should when reading the news. Here’s how you can also read news like a lawyer.
Being single seems like it would be an impediment to advancing in your career. For instance, a significant other can halve your chores and expenses and provide advice and support – clear benefits. For me though, being single helped advance my career. It turns out that my experience is typical for highly educated women professionals. Here are 9 ways being single can help a women’s career (or how being married/coupled can hurt it) and my experience navigating these obstacles.
Lawyers and depression go together far too often. Learn how to help lawyers who are suffering from mental health problems.
In my previous post, I talked about why lawyers are so depressed and now we get to the meat: how to help a depressed lawyer. TL:DR – the legal world is an environment that leads to depression. It doesn’t provide meaning, creativity, the chance to build meaningful relationships, the opportunity to be in nature, security, hope, intrinsic values, etc. The good news is that there’s likely nothing wrong with you if you’re a lawyer and you’re depressed. The environment would be enough to make a lot of mentally resilient people depressed. Still, we shouldn’t feel content knowing the causes of depression – we should learn ways to combat it. The following are some ideas to help a lawyer with depression, even if that lawyer is you.
Personal finance is different for each person, and that’s especially true for women lawyers. Factors like giant student loan debt, no work life balance, lack of financial confidence, the glass ceiling – are just a few things that make navigating finances as a woman attorney different from others.
Female lawyers face their own unique personal finance challenges. They call it personal finance because the principles are not universal. If you’re a lawyer, you will likely accrue a lot of debt and no earnings while attending law school. It might still be a good decision because you are pursuing the career you want and are potentially setting yourself up for higher earnings. If you take a pay cut so that you can care for your family, that also might be the right financial decision for you, even though you are not saving.
Personal finance looks different for each individual depending on their circumstances and the stages in their lives. You might ask why this site focuses on women lawyers and it’s because female lawyers have different financial circumstances than male lawyers or women in other professions, due to a variety of systemic problems and societal norms. These differences are not necessarily night and day from other people’s experiences, but it’s different enough to warrant different advice. Below I explain some of these differences.