Your finances fuel everything you do and keeps your family afloat. With April being U.S. National Financial Literacy Awareness Month, it’s the perfect time to check in on your money.
By Amanda N. Wegner
While most women are confident with everyday financial tasks like paying bills and managing a budget, they are less confident in managing investments and creating a diversified portfolio. That’s according to a 2022 Bank of America survey that also showed nearly half of women regret not saving and investing sooner. If this sounds like you, read on for these tips from local finance experts to help you increase your financial wellness and personal wealth.
According to the consulting firm McKinsey & Company, women are opening new investment accounts faster than ever before. If investing piques your interest but you don’t know where to start, there are many educational resources online.
For many generations, in heterosexual couples, financial management has been considered a man’s responsibility. But the tide is changing, say our experts.
As women age and move through life’s milestones, they have different money needs. Here’s a breakdown of considerations for each age range.