Financial Independence for Women

For security reasons Ladies, it is important for us to have the knowledge about how to make financial decisions. 

Facts that many of us choose to be single, and the divorce rates are getting higher should underline the more important reasons why we need to equip ourselves with complete financial knowledge to survive in our life. 

We must know that: 

We cannot live from month to month. It is important to save some part of our income, whether from our partners or from our own salary. 

We must have our own personal account instead of a join account with our spouse. It will increase our self confidence as well. Having a personal account will be useful when something happens to our spouse, as our personal account will give us more flexibility and authority than our joint account. 

We must have our own investment and retirement account. This will help protect our finances when the breadwinner of the family turns his heart against the family. 

We must have our own credit card. The best time to have a credit card is when you need it the least, when you can pay on time. A credit card will be very useful under urgent circumstances, when you do not have enough cash on hand. Although we may think that you may not need a credit card, it is recommended to have one for urgency. 

We must get involved in monthly family finances. Almost all of us have something to eliminate, by working together with our partner, as a collective, we could save more than before. 

Having enough money in our savings will give us the courage to leave an unpleasant job or a horrible marriage. 

What should always be remembered is being able to manage a family and personal financial does not mean that you can forget your destiny as a woman. 

To build a happy and harmonious family, women and men are equal, we should not compete against each other.