At a glance
- Some women lack confidence when it comes to money and this can have a big impact on their wellbeing, preventing financial independence and hindering their ability to plan for the future.
- This lack of confidence can be due to their upbringing and emotional connections to money.
- To regain a sense of financial control, it’s a good idea to talk to friends about money, as well as discussing requirements with an independent financial adviser.
How would you describe your relationship with money, the habits that determine the ways you spend or save your cash?
Some women lavish it on family and friends, others love the rush of a bargain outfit, while a good number prefer to save it, safe in the knowledge that if disaster strikes, there’s always money in the bank.
Our decisions are fuelled by a host of emotions – guilt, fear, boredom, or simply keeping up with our social circle.
I talk to a lot of women in my work, and irrespective of household budgets managed, insurance policies purchased or savings plans contributed to, few describe themselves as financially confident. How often do you hear your own friends confess “I’m not good with money”?
Sign up FREE today for unlimited access:
- Book appointments
- Free expert advice & tips
- Premium videos & audio
- Curated parenting newsletters
- Chat with your bloss community
- Discounts & competitions
- Special events
Have you thought about your kid’s inheritance? £2.8 trillion pounds needs to move from one generation to the next. It’s a challenge we’ve never had to deal with before, with more people turning 65 every year for the next decade than ever before. Thinking about retirement, legacy, leaving money to your children is something you […]
Look to invest birthday money from family & friends into a Junior ISA Speak to your children about the value of money Consider starting a pension for your child and benefit from tax savings Take out income protection to cover child care costs if you have an accident or injury To continue viewing… Get FREE, […]
At a glance: The majority of women have no income-protection insurance, meaning they could be financially vulnerable in the event of sickness or injury Employer sick-pay schemes aren’t guaranteed, and statutory sick pay could still leave many households struggling to pay the bills An adviser can explain the different levels of income-protection insurance and help […]