Shine Bright Financially This Pride: Top Tips for LGBTQIA+ Folks

With June in full swing, the world is bursting with Pride celebrations. It’s a time to shout loud and proud about love, acceptance, and being yourself – no matter what that means.

This year, at Google Philippines’ Pride Conversations, I was struck by something powerful. So many voices were calling for a world where everyone feels included and supported. It totally reminded me of why financial literacy is so important.


Think about it: financial freedom is like having a superpower. It gives you control, peace of mind, and the chance to chase your dreams. But let’s be real, money stress can be a total drag. Studies show it’s a top worry for many people, and can be even tougher for LGBTQIA+ folks who might face extra challenges.

So, this Pride Month, I’m here to share some killer tips to help you slay your financial goals and build a bright future. Let’s make your money story a success story!

Tip #1: Budget Like a Boss – Own Your Money Story

Think of a budget as your personal financial roadmap, not a restrictive cage. Budgeting apps are everywhere these days, but before you dive in, take a sec to reflect on your money journey. Did you grow up talking openly about finances? Understanding your money story can be a game-changer.

For example, imagine you’re a trans woman who’s just begun hormone replacement therapy (HRT). Budgeting helps you plan for these expenses and avoid surprises, so you can focus on feeling your best.

Tip #2: Build Your Emergency Fund – Your Financial Superhero Cape

Life throws curveballs, like a car breakdown or unexpected medical bills. An emergency fund is your financial superhero cape, there to catch you when things get wobbly. Aim to save 3-6 months of living expenses. Every peso counts!

Let’s say you’re a lesbian couple wanting to start a family. Adoption can be expensive. An emergency fund allows you to plan for these milestones without stressing about finances.

Tip #3: Slay the Debt Dragon – Conquer High-Interest Debt

Debt can be a real monster, especially high-interest credit card debt that traps you in a cycle of payments. There are strategies to fight back, like the debt snowball or avalanche method. Find what works for you and stick to it!

Imagine you’re a gay man who just moved into your own place. Decorating can be tempting, but using credit cards irresponsibly can backfire. By tackling debt, you free up money for things you really love, like that dream vacation with your partner.


Tip #4: Invest in You – The Magic of Compound Interest

Albert Einstein called compound interest the “eighth wonder of the world.” Basically, when you invest your money, it grows with the market and earns interest on that interest too. The sooner you start, the more time your money has to grow like a magic beanstalk!

Maybe you’re a non-binary teen with a part-time job. Even a small amount invested consistently can make a big difference down the road. This could help you achieve your long-term goals, like college or starting your own business.

Tip #5: Find Your Financial Tribe – The Power of Community

Financial literacy isn’t a solo mission! Surround yourself with positive influences who share your goals. This could be a friend, family member, or an online financial community. Having a support system cheering you on is powerful.

The LGBTQIA+ community itself is a strong and supportive force. There might even be a local LGBTQIA+ financial literacy group where you can share experiences with people who get it.

Remember, building financial wellness takes time. Be patient, celebrate your wins (big or small), and keep moving forward. With these tips and the power of your community, you can build a bright financial future that lets you live your truth and chase your dreams with confidence.

This Pride Month, let’s celebrate not just diversity, but also the strength and resilience of the LGBTQIA+ community. Financial freedom shouldn’t be a privilege. Let’s work together to make financial literacy accessible to everyone, so we can all shine brightly!

happy pride philippines