The Women of Economic Club invited alumnus Kimberly KT Twombly ‘93 via Zoom on February 1. Twombly is a Senior Vice President in Wealth Management at UBS. During the event, Kimberly shared her experience as well as her passion forgetting more students, especially women, to be more confident when it comes to money.
“The numbers are black and white, but the emotional feelings around money are gray,” Towmbly remarked.
For KT, money is a taboo topic she was told to never talk about. “But time has changed, I’m hoping everyone in this room, regardless of their genders, are talking about money”.
She shared a public research that UBS conducted back in 2018 about the relationship between women, money, and financial deci-
sions -. “This isn’t a woman or a man issue. This is a societal challenge, and all genders should focus on it.”
She highlighted more than anything, women need to break the cycle and take control of their wealth. She discussed the importance of being financially aware, having a good credit score, emergency savings, and preparing for retirement; budgeting wisely for the todays, tomorrows and the future.
Twombly also shared some advice on how to save more efficiently: writing down all your expenses daily, monthly; having a spending plan (the 50-30-20 rule); separating saving and checking accounts, and always paying for yourself first.
“The sooner you build up your savings, the more options you will have in life,” Twombly advised.
Below are some thoughts from the WIE’s organizers:
Drew Charlton ‘23: “I thought that the event was quite insightful into the importance of proper money management and planning for the future. The content, though it could be understood by underclassmen, was definitely catered more towards those who graduate in the next few years. Kimberly provided so many tips and recommendations that I will be utilizing in the very near future, I am so thankful to have learned from her.”
Isabella Trout ‘23: “We decided to invite Kimberly not only because she is a very successful Union alum, but also because she is a female within the male-dominated finance industry. We hoped that hearing about her journey from an Electrical Engineering degree to a wealth manager at a major bank would empower the coming generations. She is paving the way for other young
females and helping empower them to get a seat at the table. Without people like her lifting young women up, we would not witness the progressions that we are seeing today”