Women told ‘retail therapy is big mistake’

Retail therapy is a mistake and store cards should be avoided — instead women should learn how the stock market works and assess the true value of their pensions.

That’s the advice from economist and author Susan Hayes, who’s holding a special seminar, the ‘Savvy Woman’s Guide to Money, in Cork’ this week ahead of International Women’s Day next Saturday.

Women are often less confident about handling money than men, even though in many homes they’re responsible for the day-to-day running of the household budget, says Hayes, managing director of the international financial training company Hayes-Culleton.