12/5/2023 0 Comments Personal finance for women![]() ![]() Some debt, like student debt or a mortgage, might take a chunk out of your income each month, but are generally considered “good debt,” especially if you have a competitive interest rate. Credit cards and other typically high-interest debt vehicles can make it hard to make any headway towards your financial goals. The Fidelity study also found that out of the women that said their finances were keeping them up at night, 37% said their major concern was managing debt. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now. Consider saving enough to cover at least six months of expenses-it might seem like overkill, but if you lose your job, have surprise big expense or otherwise need money quickly, a large emergency fund can help you cope with nasty surprises without ruining your progress towards your larger financial objectives. ![]() Without the luxury of a dual income, you’ll want as big of a cushion as possible. Building a solid emergency savings fund can help you cope with these concerns and get ahead of your anxieties. If you’d like individualized advice on financial planning, consider working one-on-one with a financial advisor.Īccording to Fidelity Investment’s 2021 Women and Investing Study, 34% of women say their financial situation keeps them up at night at least once a month. Here are seven financial tips that single women should consider. As the gender pay gap holds steady, you may need to be a little more vigilant to create an independent financial future. If you’re a single woman, most general financial advice also applies to you - but with a twist. ![]()
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