
Financial security is the ability to meet your day to day needs, and wants, now and in the future. Not everyone has or feels financial security. This could be due to a prior negative financial experience or just lack of knowledge. The more you know about it, the less afraid you are of it, the more secure your finances will be.
Here is a list of financial tips women should know:
1. Pay yourself first.
2. Set financial goals.
3. Spend less than you earn.
4. Know how to read your bank statements and how to get erroneous
information corrected.
5. Know how to pay bills and handle your finances, even if your spouse
actually does it.
6. Have credit in your own name, even if you have joint accounts with your spouse.
7. Know how to get a copy of your credit report and how to dispute incorrect
information.
8. Know how to negotiate a loan (home/car).
9. Take full advantage of the benefits offered by your employer
(401K, health insurance, death benefits, stock options, etc.)
10. Know how to prepare your taxes, or how to find a REPUTABLE tax preparer.
11. Know how much you need to have in an emergency fund, and the steps you need to
take to accumulate it.
12. Know the risks of co-signing a loan…for ANYONE.
13. Know how to say “NO!”..to yourself, and others when a “yes” would have negative
financial results.
This list is not all-inclusive, but it is a great place to start. If there are any items on this list that you do not already know, do your research or post the question and we will try to answer the question for you.
Dawn-Charmel
Here is a list of financial tips women should know:
1. Pay yourself first.
2. Set financial goals.
3. Spend less than you earn.
4. Know how to read your bank statements and how to get erroneous
information corrected.
5. Know how to pay bills and handle your finances, even if your spouse
actually does it.
6. Have credit in your own name, even if you have joint accounts with your spouse.
7. Know how to get a copy of your credit report and how to dispute incorrect
information.
8. Know how to negotiate a loan (home/car).
9. Take full advantage of the benefits offered by your employer
(401K, health insurance, death benefits, stock options, etc.)
10. Know how to prepare your taxes, or how to find a REPUTABLE tax preparer.
11. Know how much you need to have in an emergency fund, and the steps you need to
take to accumulate it.
12. Know the risks of co-signing a loan…for ANYONE.
13. Know how to say “NO!”..to yourself, and others when a “yes” would have negative
financial results.
This list is not all-inclusive, but it is a great place to start. If there are any items on this list that you do not already know, do your research or post the question and we will try to answer the question for you.
Dawn-Charmel