Statistically speaking, women live longer than men. Yet studies show that only 29% of women include retirement planning as a priority. In addition to living longer, there are challenges and roadblocks for women in retirement planning.
You’ve worked hard for years, saved diligently and now you’re ready to relax in retirement. But if you’re part of a couple, it’s important to approach this life transition as a partnership through open communication and honest dialogue.
The transition from college to adulthood is often centered around establishing financial stability. Consider using this advice to start making sound money decisions that will set you up for long-term future success.
After graduating from college and beginning your career, it’s important to create a detailed plan for how to pay back your student loans in an efficient and timely manner. By remaining disciplined, you will also build a positive credit history for other important purchases.
Often families forget to take out life insurance policies on stay-at-home parents, due to the fact that at least on paper, they are not bringing in the money necessary to cover the bills, but what many people fail to realize is the financial contribution that stay-at-home parents actually make to the household.
Being a single mom is one of the hardest jobs, and finances only make things more complicated. However, by following these tips, financial independence and a secure future are attainable.