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My personal finance blog "Well-Heeled Blog (at http://wellheeledblog.com) is a blog aimed at "savvy living through personal finance". I truly believe...
 
 
 
 

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The Cinderella Syndrome: What Is It and Is It Real?

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LONDON, ENGLAND - AUGUST 11: Dancers (L-R) Nicolas Gruzdyev, Erina Takahashi and Dmitri Gruzdyev from the English National Ballet's production of 'Cinderella' attend a photocall to celebrate the 60th Anniversary of the English National Ballet at The London Coliseum on August 11, 2010 in London, England. (Photo by Ian Gavan/Getty Images)

Many articles or books that focus on personal finance and women seem to offer a variation of the "Cinderella syndrome" or "Prince Charming complex" or "Man is not a financial plan." In fact, entire book titles have been taken from these words.  According to these books and articles, many women don't understand that a man is not a financial plan, that we are at risk when we give up -- even for a few years -- our income-generating careers, that relationships can falter. (To which I think... we don't?) Are we just doe-eyed princesses eager for the financially-secure embrace of a handsome prince? Basically, the message of these articles can be boiled down to one or two lines: Lady, you're not Cinderella. Prince Charming won't come around to rescue you and your finances.

But, what exactly is this so-called Cinderella syndrome and how serious is it? Or is a convenient tagline hyped up for media purposes? Because -- I am being serious and not facetious -- do most women truly believe that by marrying, they will be free from financial worries and responsibilities?

From my personal experience, I'd say the answer to the last question is no.  I have never known anyone who believes a relationship is a free ride on the gravy train.  My feeling towards such articles that highlight this "Cinderella syndrome" are mixed. On the one hand, women need to understand their finances for a variety of reasons, so any article or resource that will galvanize us into becoming better stewards of our financial future is a plus in my book.  On the other hand, aren't cutesy chick-lit lines such as "Prince Charming isn't coming!" a tad irksome and not all-together constructive?

Even in the past when women's roles were much more circumscribed, we have taken financial matters into our own hands. Cinderella, after all, would not be adept at doing the family's budget or savvy enough to squirrel away a few dollars here and there as her secret private stash

When speaking with friends about partnerships, career and possible motherhood, most of us express a great deal of consideration and introspection.  We have thought and continue to think about the joys and tribulations of pursuing a high-powered career, as well as the risks and rewards of stepping back to follow a spouse or to become a stay-at-home parent.  If the twenty-something women I know are already this introspective at age 25 or 27, with how much more gravity will we make our decisions when we are 35 and 37?  I am only in my mid-20s, so I haven't had many friends pair off into marriage or have children.  And obviously I was raised in a different environment and with different expectations than women even 10 or 20 years ago.  Nevertheless, I don't know any "Cinderella" in my group of friends.

Let me open the floor up to you: is the "Cinderella Syndrome" a thing of the past?  And do you know any "Cinderellas" among your friends and acquaintances?

 Savvy Living Through Personal Finance -- @WellHeeledBlog

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JennaHatfield 10 pts

My husband and I both have our own accounts in addition to a joint account for joint-type things. We found it works best for us through trial and error over the years.

Contributing Editor Jenna Hatfield (@FireMom ( http://twitter.com/FireMom )) blogs at Stop, Drop and Blog ( http://stopdropandblog.com ) and The Chronicles of Munchkin Land ( http://thechroniclesofmunchkinland.com ). She is a freelance writer and editor.

KatBretcher 5 pts

maybe Cinderella. My husband told me to quit my job if it was making me unhappy. Which it was and so I did. I promply went into business for myself once I figured out that daytime TV sucks, though.

I guess if you're silly enough to get into a relationship just to have someone else take care of all the finacial decisions, it probably won't last long. (Who WANTS to be treated like a 5 year old with an allowance?) If you take resposibility for your actions (finacial or otherwise) you become, not only an adult, but an equal partner.

My husband pays all the bills and handles the personal finances, but we decide together before the month begins how that money will be alloted. I handle all the business accounting and bills and we decide together before the month begins how that money will be alloted.

We're both responsible for where the money goes and we haven't had a fight about money in years because we have no one to blame but ourselves if we screw it up. Gives us plenty of time to fight about other things, like who's going to take out the trash and mow the lawn.