There are many ways to make yourself financially stable. but in the case of ladies it's different. They are more reliable on financial advisor or on their spouse. There are some cash and financial ethics which every women should know by 30's for being independent financial advisor for themselves.
1. Cash Edict: Every Woman Should Know These by 30
Surprisingly many women, no matter how independent they claim to be, still rely on
men to take care of their finances. They allow their husbands, fathers, boyfriends,
brothers, or even just their male bank manager to make financial decisions for them.
This lack of control is alarming, and can seriously affect their financial stability, not
just now, but later in life.
Although money is something few of us like talking about, these 6 steps can help
women take back control of their own money:
1. Open Your Bank and Credit Card Statements
It's all too easy to have a vague idea of what goes in, what comes out, and when
you pay the bills. However, a regular health check of your account, including
cancelling unnecessary payments, is essential, as is keeping an eye open for any
transactions that you didn't carry out.
2. Track Your Finances
With so many apps available such as online banking and budgeting tools, there's
really no excuse for not staying on top of every penny you're spending. Get into the
habit of recording every coffee, newspaper, and travel ticket; you'll feel more
cogent
3. Save the Change
Many bank accounts have a tool whereby you can set your account to round up
payments and put the balance into a savings account. If you're one of the "I can't
afford to save" brigades, you'll be surprised to find several hundred dollars put
aside at the end of each year without even noticing. Think of it as the 21st century
equivalent of a change jar!
4. Take Advantage of Pension
If you have access to a workplace pension, take advantage of it, even if retirement
may seem a very long way off.
5. Don't Make False Economies
Buying cheap means replacing often. Quality lasts, so if you have to make major
household or personal purchases, don't skimp as it will be more expensive in the
long run.
6. Don't Be Afraid of Finances
The only reason men are traditionally in charge of women’s finances is from a
historic lack of women actually having their own disposable cash.