In an inspiring move, the Wests Tigers NRLW team is striving to revolutionize the financial landscape for women in sports. Spearheaded by Pepper Money, this partnership introduces essential financial literacy workshops that empower female athletes to navigate their unique fiscal challenges confidently.
Aiming Beyond the Field
Emily-Claire Bass, a 26-year-old NRLW star, understands that her sports career, though fulfilling, may not predictably secure her financial future. These workshops are an opportunity to change the narrative, giving female athletes the tools they need to create a stable financial base.
Bridging the Financial Literacy Gap
Financial literacy discrepancies are glaring in the sporting arena, especially for emerging leagues like NRLW. Men enjoy higher salaries by a substantial margin, which pushes women athletes to take on multiple jobs, straining their time and finances. “Their contracts are shorter, their pay is lower,” said Pepper Money CEO Mario Rehayem, highlighting the pressing need for financial education.
Mastering Money On and Off the Field
The pressing realities NRLW athletes like Bass face have led to innovative workshops titled ‘Mastering Money On and Off the Field.’ These sessions teach critical money management skills, helping players prepare for life after sports. According to 9News, one in three athletes acknowledges making poor financial choices, underscoring the workshops’ importance.
Beyond Athletes’ Careers
The future remains uncertain for many female athletes post-retirement, often lacking the opportunities their male counterparts find. Notably, figures like Charmain Steventon, now the Wests Tigers Head of Women’s Football, are ensuring the next generation is not left without options, echoing the sentiment of equalizing the playing field.
Workshop Impact
As the workshops progress, they are steering athletes like Bass toward a stable financial future, enabling them to plan significant life events while building a strong financial foundation. Bass’ hope is for this initiative to spread, setting a precedence of foresight and planning among women athletes in various sports domains.
In a domain dominated by financial hurdles, these workshops are not only an educational tool but a beacon of change, creating empowered, financially literate athletes who can inspire future generations.