June NEWSLETTER By Money Management Counselors Check out this great info on Future Planning & Women as the Bread Winners and More! |
|
|
Let’s Talk About Woman Breadwinners! There are a lot more families and couples in this situation than you would think. Despite it being more common than it used to be, it’s still generally something that people don’t discuss. If talked about it more, you might find more women in the same situation than first thought. Like all money issues if discussed more openly, one might find more help and support in dealing with the challenges-and foster cheerleaders to help celebrate our successes. In closing, we’d like to encourage more women (and men!) to talk about women breadwinners. Money Management Counselors can assist you in creating a budget that fits your lifestyle and goals. The choices are always yours to make... because it's never JUST about money. |
|
|
More than half of women are primary breadwinners By By Anne Stych "More than half of American women are the primary breadwinners in their households, and they carry more of the non-financial responsibilities as well, a new survey shows. But 52 percent of women also said they are also very worried about their financial future. And although they place more emphasis on financial goals than men, women are further behind in reaching them." Excerpt from article. | | |
|
|
Junes Monthly Tip Make sure to build savings into your budget. One of the biggest mistakes people make when budgeting is to leave savings for whatever you have left over at the end of the month. This is a good way to ensure you don’t save anything. What’s more, it ensures that you always pull out plastic to cover unexpected emergencies. And let’s be honest, unexpected emergencies should be expected – they happen almost every month. So, you want to build savings into your budget. Ideally, you want to set aside about 5-10% of what you bring home. This will give you a nice emergency savings fund to cover car repairs, broken water heaters, Susie’s lost headgear, whatever comes up. Once you have the amount you can save, set it as an expense in your budget. Then figure out which paycheck cycle it comes out of. Finally, set up a recurring transfer to your savings account so it’s automatic. This is the best way to ensure you save money consistently. |
|
|
When women make more, couples hide it By Megan Leonhardt "When women are the family breadwinner, it turns out neither spouse wants to shout it from the rooftops.New research from the U.S. Census Bureau finds that one in four heterosexual couples have a non-traditional marriage where the wife makes more than her husband. That’s up from just 7 percent of households in 1970." Excerpt from article. To learn more info and read the entire article click below. | | |
|
|
When She Makes More: 10 Rules for Breadwinning Women by Farnoosh Torabi When she brings home the bigger paycheck the rules are different. Female breadwinners face a much higher risk for burnout, infidelity, and divorce. In WHEN SHE MAKES MORE I present a bold strategy that not only addresses how income imbalances affect relationships and family dynamics, but also how a woman can best manage (and take advantage of) this unique circumstance—emotionally, socially, and financially. As a member of this growing community, I wrote this book for myself, as well as for the millions of fellow top-earning women in the U.S. and around the globe. It’s the ultimate guidebook for any modern woman who wants to successfully navigate her money, career, family and relationship in the event that she earns more. And all without guilt, shame or fear. | | |
|
|
Women are more likely to leave financial planning to their spouses. Here’s why that’s a problem By Lorie Konish - New research finds that women tend to leave crucial money moves up to their spouses or significant others, which sets them back financially.
- This tendency is especially prevalent among women ages 20 to 34.
- Couples can take several steps to make sure both sides have a say in big financial decisions.
"When it comes to managing money, women may be making a crucial financial mistake that is making them poorer. And they probably do not realize that they’re doing it. You’ve heard it before: Women earn less money, take more time out of the work force and live longer lives. But regardless of those systemic financial problems, women are not doing this one thing to improve their financial picture: taking an active role in big financial decisions." Excerpt from article. | | |
|
|
Women Financial Planning | Money Management & Saving | Fidelity By Jessica Maloy from Fidelity Money can be a sensitive subject. The following article discusses ways to help women with financial planning and money management. "Just 20% of women say their parents prepared them to manage their own finances as an adult. And when money conversations don't happen early in life, learning financial basics can be overwhelming at first. Some folks never get up to speed: Only 47% of adult women say they would be confident talking about money and investing with a financial professional on their own, according to Fidelity research. But times are changing at long last—a wonderful thing. I'm thrilled whenever I meet a woman who knows every single detail about her savings and investments and/or manages the family budget. These women inspire me because they are in complete control of their financial lives, and I want to encourage my daughters, my friends and, of course, my clients to do the same. But how can more women get there?" Excerpt from article | | |
|
|
Do you like what you see? Help support spreading financial literacy, like us on Facebook! |
|
|
|
|
