As a mother, parent, or spouse, understanding your financial situation is very important. It is not as difficult as you imagine to understand and take charge of your money. The benefits will be huge. When you know where you are in any area of your life, you empower yourself to take positive action.
In the case of understanding your finances, means looking at how much comes in and goes out each month and translating that into a budget. This can be pretty simple, but it is also a tool to see what required spending and what is optional spending . Then you can set goals and make plans with a purpose. As your financial understanding improves, the whole process becomes a lot easier.
By managing your money, you can help to ensure that you and your family are on a sound financial footing, and that you are financially prepared to turn your dreams into reality. Most women will be forced to manage their finances at some point in their life through circumstances beyond their control. This may be because of illness, divorce, or any of many unexpected or unplanned life events. It is much simpler to learn about finances before any crisis occurs.
You might wonder how you can learn about finances. Most of us were not educated in school to manage bills, budgets, and savings, so we have to become educated. If you are in a life partnership, this might mean alternating paying bills, creating shared budgets, and planning future investments together. If you are single, there are other ways to become educated. You can educate yourself by reading books or using resources on many sites like Nerd Wallet or discount brokerage websites. Alternatively, you can hire a certified financial planner for support.
You can start your road to financial independence at any age! We have written five books to support you wherever you are in your financial life journey. Whether you are just starting out, raising financially aware children or teens, in a couple’s relationship, or wanting to understand the unique challenges facing women, we hope that you will take the time to explore the book most suited for you.
Check out our books on financial independence at https://parentsfin.wixsite.com/website/books or our books on Amazon
Financial Essentials for Women by Women
Raising Financially Independent Children
Financially Independent Teens
Financial Essentials for Couples
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