Women will spend money you DON'T have. They will always find a reason for you to take on debt. They think having a number of credit cards with high limits is something to be proud of.
First thing I did after my divorce was to consolidate all the credit card debt into one low interest rate loan secured with property at a 20 year term and have been paying this off for 15 years now. I'm not going to tell you what it was... because frankly I am embarrassed that I let that sh1t get out of control. But I will say that the principle on this loan TODAY is $4,835.53... NONE of that was mine... NONE OF IT. But that was part of the divorce decree that I take this on. I could just pay it off, but my investments are gaining an average of 9% per year, and this loan is costing 2.375%... so it's a net gain of almost 6%. And the property I have this loan secured with has increase in value by the interest rate, adjusted for inflation. SO it's basically free money.
I went from having 10 credit cards to 2... a Brooks Brothers card I only use to get the card discount on clothes which I pay off when I use it, and a back-up card that I only use in emergencies, again I pay that off every month. Really the only time I use that card is when I rent cars when I'm on trips because almost all car rental places insist on using a credit card. Other wise I just use my bank debit card.
First let me say that ALL WOMEN are not like this, but when I take on clients that are female small business owners, whose businesses are in trouble, more often than not, they have MASSIVE amounts of high interest rate debt. If they don't let me address this, consolidate their debt, burn their credit cards, and commit to fiscal prudence, I will not take them on as a client. Your finances are the life blood of your business... if you don't fix your cash flow issues, it's like someone getting a triple bypass operation and then refusing to stop eating at McDonald's every day.