When it comes to planning for the future, everyone needs a financial strategy but for women it is even more critical. Over the years, women have made significant progress in the economy and the workforce and continue to make impressive financial gains. However, with all the success and opportunity for women in the marketplace, a lot more responsibility is added when it comes to money and financial decisions. Women still face many financial challenges and because of these unique challenges they need a clear financial direction to feel more in control of their financial future.
Regardless of what stage of life you are in, starting your career, getting married, buying a home, raising kids, starting a business, approaching retirement or already retired, you need a financial strategy to help you feel more optimistic about your financial future.
Every week for the next 10 weeks I will review the top 10 reasons in my opinion why women need a financial strategy.
Reason #1- As of 2010, women control 60% of the wealth in America.*
While many people still think of finances as a man’s world, guess what? They are wrong. Moving forward finances will be more of a woman’s world. With all this responsibility, women will need to understand the basics of money management as well as be aware of their household’s current financial situation and long-term plans. If you’re a woman and you’ve been kept in the dark on these issues (either by your own will or because your significant other controls the finances), now is the time to educate yourself and become a Financially Wise Woman.
If you would like more information on how to become a Financially Wise Woman, please request your copy of the Financially Wise Women FREE EBook or contact me via email at Brttney.Castro@LPL.com
Read on to find out what Reason #2 is!
*Trendsight Group, 2004.