Scary fact: women get 80% of what men earn. Longer needed for their retirement they average longer than men live in five years. But less than a win, and they in time to take care of the children and elderly parents, often less work but later following retirement, and subject to social security benefits under the.
Is a woman has conquered the most unique challenges generated by a large number of role play and historical pay gap, wage earner, wife, mother, housewife, care and struggle. In that struggle, many of healthy money management principles are left behind.
Warren Farrell in Forbes.com article, note the "male author determines a lot of money on the other hand, women better decision to earn a living (for example, family and friends hours). ?
This statement raises two questions: one is the issue of an effective financial security and quality of life possible? The answer is "Yes"-but education and take action. Time for family and friends are really important, and two, your own to provide your family is the value of the peace of mind?
Women personal finance and complex, often dysfunctional relationships. Money management feature female problem, is not capable of saving, investment and build wealth men like. But often they simply does it well. Confident outside, also appear competent and achieve success for women and business, private financial dire is known to be living.
Among them, one of women's poverty is too many
Let's look at the statistics of poverty. According to Census Bureau United States, poverty level in 2004, of the family unit of a person under 65 is the annual income of $ 13,707. In 2004, official poverty rates 12... 7 Percent living in poverty, United States, 37 million people were. Every United States of poverty 18-year-old woman for rate of 12. 4% (13. 8 Million women) is old in 2003, was the reporting of health and human services. Poverty rates are age 18-24 7-year-old. Reported a 7 percent poverty rate, vary among women and young women. The lowest poverty rate (8.9%), 45-64 was discovered among old women. Poverty rate increased to 10... 6% Women to 65-74, 14. 3. Older; ages than for elderly women. Women experience in marital spouses of female household poverty high rates (24.4%), family (2%) of women and men households (8.8%) than men.
You do not want to do that. Enjoy the exhilaration of the self-determination of the financial control of women of all ages and income levels of their lives.
Putting it in perspective
Most powerful back money they know about is a tool you can make dreams come true. Money is what you pay for home, furniture, car, food, medical care, clothes, entertainment-we all enjoy material things is. It also supports our churches, charities, and other causes, such as non-material pays. Can you still only make money if you understand how to manage it. How to deal with money is connected so much emotional baggage since knowledge is not enough. According to Fannie Mae research personal finance: "use of money is involved. Budget decisions, daily money selection, saving behavior, attitude, money at least some ethnic groups, level of education, class background, status, income and gender depending on the value of the stem cell tells the. "In addition to learning sound financial strategies of the major financial attitudes should be adjusted.
Also it is important to recognize that the financial education is a lifelong process. Class is not one book, seminar, enough. More than young women University, posted on the Gen-corporate ladder the baby-boomer generation retirement, or Homer horny finishing time climb up a ready for senior retired for different financial needs may need to change. To one of life's evolution and motive change indeed. Change in personal circumstances and the woman, completely unexpected events can affect the financial security and the changing economy, also have to deal with.
When it comes tofinancial information, technology is a double-edged sword. Has given an enormous amount of data was not a widely available ago you can access affordable computers and Internet, all sounds. To identify what is not good but what advice and financial basis of basic education is.
Ideally, children before school begins financial education. But it's too late. No matter what your age or stage of life to do anything with your financial , learning to make a commitment to have future control.
Yearbook Jacqueline Ling ( http://www.jacquelynlynn.com ), Orlando, Florida and entrepreneur (Entrepreneur Press 2007, November); The author is a business writer. Big profits online shopper's survival guide to collaboration with the eBay Charlene Davis) in. She is also doing it right Radio ? ( http://www.doingitrightradio.com ) host.
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