There is a need for proper financial planning, which women must investigate. That’s because women can generally expect to live longer in retirement than men. So, women will need more money. But unfortunately, women typically earn less than men, so they have less income to save for those non-working retirement years.
Educate You on Financial Literacy
- Manage your finances, including income, expenses and debts
- Smart Investing
- Determining your financial goals
- Most importantly, plan to achieve your goals
Establish an Emergency Fund
Emergency funds are an essential part of financial planning. An emergency fund is used in significant life events such as the loss of jobs or having large, unexpected expenses like a broken-down car. You may not need it, and you may never use it, but it will be there for you if you do. We recommend between 3 to 6 months of expenses in an emergency fund.
Pay Off Your Debts
Are you in debt? It’s stressful, but there is a way out. We’ll show you how to pay off your debts and set yourself up for financial success.