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Hollis Colquhoun

Author and financial self-defense expert Hollis Colquhoun knows firsthand the struggles women go through in divorce. An Accredited Financial Counselor who worked 20 years on Wall Street, she persevered through a difficult divorce and major surgeries to raise a family and achieve financial independen...

Category of Expertise:

Business & Finance, Personal Finance


Financial Survival Tools


Michelle Tennant


11/16/2010 05:06pm
The Power of the Purse: How to wield a bag for financial, personal defense

Your purse has power squared for your personal & financial self-defense.

First, it holds the resources to make you a powerful consumer. Studies have shown that women and their wallets control over 80 percent of consumer spending. In general, women buy most of the household and family items, including major appliances, vacations and automobiles, so they carry a hefty financial weight in the operation of the economy.

The best method for using your spending power, particularly for larger ticket items, is to take your time and not make impulsive decisions. Comparison shop, gather information, work within your budget and after a lot of thought and number crunching, make a purchase.

Your purse is also an effective weapon if you are alone, on the street or in a parking lot, and the victim of an attack by a thief or mugger. Most women have large bags that hold a multitude of essential items: wallet, journal, cell phone, cosmetic bag, keys, snacks, water bottle, etc. Consequently, your purse wields a decent amount of real weight.

Contrary to some opinions, the best defense against an attacker is not a can of mace or keys in between your fingers. Both of these defenses take time to set up and bad guys won't wait while you dig in your purse for the can or stick the keys through your fingers.

Rather, the best way to use the defensive power of your purse is to move with speed and the element of surprise. Swing your purse like a chain with an iron ball attached and aim for the head. Wing it, let go, and then run in the opposite direction.


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