Independent Women - A Concise List of Reminders

Women and Money - Taking Charge of your Financial Future

If you are like many women, most activities get performed under the "mulit-tasking" umbrella.  In this age of partial attention, at-a-glance bullet points are the often the fastest and most comprehensible way to receive key bits of information.  To that end, a few simple reminders follow to help you stay on track financially. 

Reasons for Optimism

  • Women represent almost half the workforce
  • The percentage of household income earned by women has been steadily increasig
  • The number of women-owned businesses is growing--in fact, over the last decade, women-owned businesses grew twice as fast as male-owned businesses
  • Women now earn the majority of all bachelor's, master's, and doctoral degree
  • The bottom line is that women's economic clout is growing, and going forward, it will likely continue to grow

Reasons to Plan Ahead

  • Women have longer life expectancies (on average, 4.9 years longer)
  • Women generally earn less (81%) income and have less savings
  • Women are more likely to take career breaks for care-giving
  • Women often invest too conservatively (loss of purchasing power due to inflation)

How to Take Charge

  • Take control of your money (cash flow, balance sheet, emergency fund)
  • Become a more knowledgeable investor
  • Advocate for yourself in the workplace
  • Plan for retirement
  • Protect your income and assets
  • Create an estate plan

The "Taking Charge" part needn't be done all at once.  If you'd like help taking the first step, we are here to provide guidance to get started.  And getting started is truly the hardest part.