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.
Reason #3- Women are earning over $1 trillion dollars in wages and salaries, however women still earn on average $.78 of each dollar earned by a man.*
According to Linda C. Babcock and Sara Laschever, authors of Women Don’t Ask, “Many women are so grateful to be offered a job that they accept what they are offered and don’t negotiate their salaries.” With the wage gap that still exists between women and men today, it is absolutely necessary for women to learn how to negotiate and ask for what they are worth. Knowing what you need financially to support your current lifestyle and fund your long-term financial goals will help you feel more confident when negotiating your salary. So start today but reviewing your numbers and developing your financial road map. 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
U.S Census Bureau, Facts for features: Women’s History Month, January 2, 2008.
Think you know what Reason #4 is?