Educated women can help to lift countries and communities out of poverty. However, there is a reason why so many of them aren’t able to get there. The reasons are many, but lack of money is one of them. Educated women have the skills to make smarter and more informed choices.
It’s no secret that a woman’s life span is longer than her male counterparts, but she still has to make ends meet. In fact, many women work part time or switch to a four day work week, often for a 20 percent pay cut. This means that more money is going to be required for retirement. Luckily, the government can save up to six dollars per person per month by reducing costs associated with public services. Aside from that, a woman’s monetary contributions go a long way toward providing for her family’s needs. Educated women are also able to make smarter choices regarding health care, nutrition and other forms of personal care.
The flimsy thing is that many women don’t even know their partner’s income. This can make for a rather awkward first date or, worse still, a series of late night benders. As a result, the smartest thing to do is to find out what your partner is earning. This can be done by talking to their boss or a trusted friend. Fortunately, the most successful couples are ones that are willing to share.
One of the most effective ways to get your partner on board with your financial goals is to make sure that they are aware of their earnings potential. For instance, a woman with children might be able to make a few more dollars by changing jobs or taking on a second job. And don’t be afraid to ask for help. You might even be surprised by how receptive your partner is to your needs.
The twenties may be the most exciting time of your life, but it’s also the time when you’re most likely to be worried about how to make ends meet. To combat this, make sure to take advantage of any retirement benefits you might have at work. Alternatively, open an IRA and contribute up to the company match. This way, you’re sure to get the best of both worlds.
The latest statistics show that women have become a tad more educated and savvy when it comes to money. Women in their twenties have a lot to think about, including small paychecks, office politics and building their social circles. While this may be a bit daunting, tackling one topic at a time is always more fun. The FT’s Financial Literacy and Inclusion Campaign is kicking off a free online teach-in on the occasion of International Women’s Day. The online course covers everything from how to manage finances to choosing a partner. You’ll be able to learn from experts and share your own experiences.
Did you miss our previous article…
https://alpinedating.com/how-important-is-money-to-a-woman-in-todays-economy/
