Today, women’s lifetime financial well-being and self-independence is tipping point. Thanks to a seismic evolution towards personal and financial growth of women power they are ready to move to a real financial situation independence, enjoying all the freedom brings. However, there is still a way to go. Women live longer than ever before and funding longevity has really become a female problem. As women seek more financial knowledge, trust and empowerment they see money as much more than the bottom line. It’s a way to meet their responsibilities, achieve their goals and take care people they love.
Here’s why every woman should be financially independent, married or not:
To prevent emergencies:
Each family must be prepared for a contingency. Layoffs are more common, jobs are not very secure, and neither is life. If the husband is the sole breadwinner, the wife and children being his dependents, there is cause for concern for the family. Panic tends to ensue when a man finds a new job. Since most families are at risk of having multiple NDEs, it makes sense that the housewife also keeps a job.
To cope with the rising cost of living:
Inflation, as we all know, has increased significantly in recent decades. To own a decent home, sending your children to a good school and living an above-average standard of living has become very high. As a result, 2-income households are certainly doing better. Women who are financially independent can not only contribute to daily household expenses, but also help achieve the family’s financial goals.
To feel responsible and cheer up:
Financially independent people are able to make their own decisions and do not depend on anyone. This increases their self-esteem and makes them more confident to face all kinds of situations in life. Many women from conservative backgrounds with dreams and aspirations depend on their partner or their parents for their development. Their financial independence will allow them to independently realize their wishes – to improve their skills, to go on a trip with friends or even to buy things they want, etc.
To stop feeling dependent:
No one should have to tolerate domestic violence or abuse, even less because they are financially dependent on their partner. Therefore, it is extremely important that every woman becomes financially independent so that she never feels powerless in life.
It is extremely important for all women – whether married, single, separated, widowed or divorced to be financially independent. However, it is important not to guarantee financial independence and financial security. A monthly pay check in your bank account alone cannot help you reach all of your financial goals. It is the way you plan and manage your finances that will result in the achievement of goals later in life.