4 Reasons Why Women Should Take Control Of Their Personal Finances
Short but sweet. Here are 4 reasons why women should be paying attention in the area of personal finance when it comes to their financial health.
Retirement
Are you hoping that social security will be there for you when you finally retire? I hoe so too but with the current uncertainties, it is best to put your finances in order to make sure you won’t be living off cat food when you’re 65.
Life won’t end at 65 (hopefully) and you don’t want to be limited by your lack of planning now. Talk with a financial advisor, get a plan, pay down debt and begin saving for your future.
Marriage/Divorce
I know we all believe that we should get in touch with our mushy sides when we get married but the reality is that at least 50% get divorced each year. We may see it coming or we may think such a thing could never happen to us, but either way we need to make sure for ourselves, our sanity and our children that we are abreast of all things financial in the event of a divorce.
Children
If you’re planning on having children then you may want to send them to college, help them pay for a wedding, the down payment on a house or most importantly, make sure your affairs are in order should you demise unexpectedly. In this case I am focusing on making sure they are fine of in the event you pass away.
There is nothing worse than waiting for the government to handle your parent’s affairs after their passing. It is a slow and painful process, trust me, I know.
Career/Salaries
Are you demanding what you are worth or are you leaving it up to someone else to determine that for you? How many times do we leave money on the table because we arent skilled in the art of negotiating and/or advocating for ourselves.
Sometimes this is because we want to maintain the relationship with the other party but at the same time shirking the duty to ourselves to make sure we get what we want and need in a salary appropriate for the time, hard work and education you bring to the table.
Don’t let Susan who is fresh out of college command a higher salary than you simply because she asked for it. Women don’t ask for what they need and sometimes wait for it to be given.
Here’s a tip-ASK!
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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!
