I recently attended a seminar on women and their money. This was more geared towards single women but I thought this would be a great share for all women since even if your married, knowledge and preparation is key for your future. The fact is, many women leave financial stability to their husbands and what happens if they are gone and your not prepared? Did you know that women tend to outlive their male counterparts by seven years?
There are so many questions that women should ask and I am going to list a few here to see how prepared you are for your future. MSN Money has a great 'where am I' tool that will help understand where you stand on the financial side. Please click here http://www.msmoney.com/mm/financial_health/msm_finhealth/finhealth_test.htm.
This test offers very important clues as to what you should be prepared for financially. Such as:
Insurance policies (it is expensive to depart this earth).
What is your net worth?
How much are your monthly bills?
Obtaining your credit report
Emergency needs
All of these things are very real. If you needed to buy a car, right now, are you prepared? What is your credit score? Can you wheel and deal a great price on a vehicle? Emergencies happen in our daily lives and women should always be prepared even if you are married.
Suze Orman is a well known 'how to' woman for financial security. I found her very interesting as well as a great speaker. You can find her website here which offers suggestions on every type of situation and how to prepare, what to stay away from and even if you save a tiny bit, you are still saving http://www.suzeorman.com/.
Do you prepare for your future as a woman? How do you do so? Do you know anyone that wasn't prepared and what happened to them?
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Melissa - Thanks for this important information. The majority of those who live in poverty are women, and the more we know about financial planning the more we can do to protect ourselves and our families. In the past many of the companies that sell financial products and insurance plans tended to ignore women or look down on them as not being intelligent enough to understand this information. Today many of these same companies have marketing programs specifically for women and websites that include many articles and financial tools. It's progress, and a good start toward reducing the number of poor women through education and information, but a lot more needs to be done. Pat
April 12, 2010 - 6:58pmThis Comment