Women and Money : Why It's Important To Take Control Of Our Finances #SHGenworthJun 3, 2013
“Information for this post is sourced from Genworth Financial in partnership with the SheHeard Influencer Network.” All opinions are my own.
Did you know that 1/3 of women are now counted as the head of household? That's right, more women are now in the work force and earning more than a spouse/partner, than ever before. While that is great news for all women, it also means that now we really need to take charge of our financial future. For a lot of women that can be hard, especially if they were recently divorced and used to having their husband take care of the financial aspects of the marriage.
Well when you're single, you have no other choice. And though it may seem a daunting task, getting your financial act together can be done with some research and if necessary some help from a financial-services company too. The idea of planning for the future, buying stocks and bonds, opening a 401(k), opening college funds for the kids, all these things sound scary, but they are also things that will make your future better and less stressful.
I am a single mom like many of you, and you might think that you really don't have enough money to either save or invest. I think this all the time! It's not until I sat down and read this post about women taking control of their expenses, that I realized I need to set my financial goals and follow through. I am going to be 40 next month, and that means I seriously need to look into retirement planning, putting some money aside so that when I reach my moms age, I can be in a better position than she is now. Since I work for myself, there isn't going to be a pension plan or a retirement package waiting for me at the end. If I plan on having a nice retirement, I need to look into financial planning and really start saving, even if it's only a hundred dollars a month.
I admit it's pretty scary, most of us don't even like to think about money and how little of it we have. And then to think it still has to be stretched some more. But that's what life is all about and the more financial savvy we are, the better off in the end. As women we need to become smarter about money and take control of our own future.