Not all of a woman’s characteristics in life are genetically determined, especially when it comes to personal finances. All kinds of examples, some of them very bad, enter into the equation. Lack of training leaves many females floundering when it comes to money.
If it has never been an issue before, many females suddenly find themselves in adult roles with not a clue about how to manage their finances. What to do?
Basic accounting and finance education can end the cycle and put a woman on the right course. Even if a woman never leaves home to become part of the workforce, she can apply the same principles of prudent living in her own household. The likelihood of spending some time at an outside job, however, is great. Then the need for financial savvy goes beyond housekeeping, basic budgeting and child rearing.
Women need to know the fundamentals of such things as retirement plans, investing and general savings. It isn’t possible to assure that a husband will always be in the picture. Waiting for the crisis is not the ideal. Financial literacy, early and effective, will be the best cushion against the pitfalls that are part of life.
If you have somehow arrived at adulthood without that education, what do you do to remedy the lack?
Start with the resources closest to you. If there is an institution of higher education in your community, inquire about classes, seminars or other resources that are geared to fundamental finances. Most communities have resources to help women foster such skills. Start with the mayor’s office and someone will guide you.
State agencies, including employment services, often can steer you to education opportunities, many of them gratis.
You’ll be surprised as you start looking for resources just how many there are. Governments benefit from having citizens who are financially aware. They have a stake in providing opportunities for them to learn and are glad to share their resources.
It’s never too late to work on personal financial savvy. Get busy now and see how fast you can gain control of your resources. You’ll be glad you did.
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Bankrate.com General Personal Finance Topics: 17 Finance Blogs on Bankrate.com can help educate women and men in any area of finance.
Bloomberg’s Personal Finance: Bloomberg helps women and men with personal finance. You can learn how to make your money last until you are 103 and learn how to adjust your regular savings each month according to algorithms set up to maximize your savings.