Women and Education: Why It Is An Important Factor In Managing Personal Finances
photo credit: alessandro pucci
Miranda Marquit is an editor for debt consolidation for DestroyDebt.com.
A couple of years ago, I knew a woman whose husband died. When it happened, she was completely lost. She had no college education, no marketable skills and no money sense (her husband handled all the money). I have thought about the important of education since then, especially as it relates to women. In order to be financially prepared for life, it is vital that you have an education.
Formal schooling
You don’t have to get a college education, but you should have some sort of formal schooling. Whether you get a degree or if you decide to go to a technical college and learn a marketable skill, it is important to have some sort of formal education beyond high school. It increases your earning power (something that is beneficial for gals with out life partners), and makes you more marketable. You can land a better job, and enjoy better pay when you have some sort of formally recognized skill or degree.
It is also important to continue your education. Even if you are not working right now, keep up with certifications. You never know when it might become necessary to enter the workforce. Additionally, if your work provides incentives for your further your skills and education, you should take advantage of the opportunity.
Financial education
I am constantly surprised by the number of women who do not have a solid financial education and foundation. Single (and married) women who do not understand finances can be taken advantage of by the unscrupulous givers of bad advice. Married women can find themselves divorced or widowed with no way of handling the money and a severe need to be brought up to speed. Additionally, women with life partners should be aware of how the other person is spending money, and included in decisions. In order to provide helpful and useful input when managing family finances, women should have at least a basic understanding of money and finances.
Not only can a good financial education help you when tragedy strikes, it can also help you live a better life in general. If you learn how investing works, you can make choices that let you grow your money. Women should take the time to learn about different financial vehicles, and become educated about various aspects of financial planning and management.
There are still segments of our society that believe that education is not important for women. Fortunately, they couldn’t be farther from the truth. Education is more important for women than ever. It is the only way we can compete, succeed and thrive in today’s world.
About the Author: Girls Just Wanna Have Funds is for the woman that wants to take charge of her personal finances. We value budgeting, investing, frugality and remain mindful of our spending habits. Move over and make way for women who are in control of their financial destinies and not afraid to say it. We're armed with a positive net worth and not afraid to flaunt it while breaking financial ceilings one stiletto at a time!
Twiggers (1 comments.) | Jul 17, 2008 | Reply
Great post!!! I am amazed by the sheer number of women who just let their significant others take care of all the finances. Even if you are not in charge of paying bills, etc. you should still have some basic knowledge of your finances! I’ve also heard stories of husbands who go deep in debt and the wive has no clue whatsoever! That just amazes me.
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AP | Jul 18, 2008 | Reply
Great Post! This is exactly why I am in school to complete my bachelor’s degree. Education is extremely important! I have been blessed with working for a company where my lack of a bachelor’s degree has not impeded my advancement. However, I know that even though I have no plans right now to leave my job, getting the bachelor’s degree will allow me to have options if things change. Its tough going to school part time, working and taking care of a family, but I know that I’ll benefit more in the end and that’s why I will stick it out for another year until I graduate.
That Saddity Chic (5 comments.) | Jul 18, 2008 | Reply
So glad you wrote this! I just enrolled back in school a few days ago. It is so important for women to be able to stand on our own two feet-even when we’re married.
That Saddity Chic’s last blog post..Going Back To College At 27!
vikram (1 comments.) | Jul 22, 2008 | Reply
i think womens coz they only build the life cycle
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