Jump to Main ContentJump to Primary Navigation
Top

Why every woman should have a Fuck Off Fund: a tale of financial self-defence

rexfeatures_5329809a.jpg

We all know we're supposed to have savings. But it's hard, it's boring and much of the time, it can feel impossible.

However, one writer's striking piece about “financial self-defence” is quickly going viral and encouraging women to set up their own, private emergency savings account – a perfectly named ‘Fuck Off Fund’ for when it's time to do just that.

Writing on personal finance website thebillfold.comPaulette Perhach's powerful essay implores women to start saving away from any joint accounts, for whatever and whenever you may need it – be it fucking off away from your job or your partner, or simply needing the freedom to reorder your life.

emergency savings

Perhach explores the traps we all fall into with credit cards and buying beyond your means, living month to month, agreeing to meals out with new colleagues “because you want to make friends, your turkey sandwich sounds boring, and what’s one more charge?”

While many may think they'd never need one, Perhach's vividly painted picture of how a situation with your boss or partner can spiral darkly out of control spells out the importance of a Fuck-Off Fund so effectively that it's already inspired some to set up new, private accounts or rename existing accounts, and is gaining support on Twitter.

She goes on: “You buy a halter dress you know you can’t afford, because it makes you look like the successful young woman you want everyone to think you are. Your boss tells you that you look nice in that dress, asks you to do a spin. Just to get the moment over with, you do.

“Your boyfriend asks you how much you paid for it, says it makes you look chubby. You lock yourself in the bathroom until he bangs on the door so hard you think he must have hurt himself. After he falls asleep, you search Craigslist for places, and can’t believe how expensive rent’s gotten around town. You erase your Internet history and go to sleep.”

Whether needed for an escape route, to reconsider your career direction or simply have a breather and some head space, there's no doubting that savings afford a freedom that could benefit everyone – and as some have pointed out on Twitter, it's relevant to both men and women.

While she's since acknowledged that it's something not everyone has the means to do, she's urged anyone lucky enough to be in a position to save to do so, so that “whether the system protects you or fails you, you will be able to take care of yourself.”

Sound advice.

Read the full essay here, and follow Paulette Perhach on Twitter here.

Images: Rex Features

Related

freethenipple.jpg

The top 15 feminist hashtags of 2015

ThinkstockPhotos-483116227.jpg

Women's products cost more than identical men's items, study finds

chantal unconventional apology project.jpg

Project captures powerful images of domestic violence survivors

470761319.jpg

Three signs you should leave your job and work for yourself

international-decriminalisation-of-abortion-day-dublin-1.jpg

A look at reproductive rights around the world

EtsyResolution_BlogImg_570x400px_MECH3.jpg

Bring your dreams to life

Norway.jpg

This is the best country to live in the world

maternity pregnant.jpg

Maternity leave: we uncover the shocking truth

cycling.jpg

Six women who've traded the 9-5 office haul for a life less ordinary

Comments

More

Fuel for the soul: why holidays boost your creativity

Laminate and hand to your boss...

by Anna Brech
26 May 2017

Clean and beautiful beaches close to London

Golden sands less than two hours from the capital

by Anna Brech
25 May 2017

Amsterdam calling: Eurostar launches direct route from London

Wanderlusters get set for the "Amsterdam route"

by Anna Brech
25 May 2017

This British city has been named fifth best in Europe by Lonely Planet

No passport necessary

by Moya Crockett
24 May 2017

Get over your tapas aversion in Madrid

Stylist heads to Madrid with the hopes of being won over, one plate at a time

by Natasha Tomalin
23 May 2017

Cancer survivor becomes first woman to paddle board the Channel solo

Lizzie Carr navigated 24 miles of unpredictable open sea

by Anna Brech
19 May 2017

Airline passengers "should pay" each other for right to recline

This way nobody "gets punched in the face"

by Joe Ellison
19 May 2017

This Indonesian rainbow village is an Instagram sensation

Behold the kaleidoscope of colours

by Anna Brech
18 May 2017

Come quick: Italy is giving away its castles and towers for free

Fancy living la vita meravigliosa?

by Anna Brech
18 May 2017

The best B&B in the world is in the UK

No need for that passport, summer is sorted...

by Amy Swales
17 May 2017