However, many listeners are older women — ages 60 and up — who "have absolutely nobody else to go to," she said., Orman said. At that time, many women realize just how in the dark they are about their finances because they let their significant other handle the bulk of the responsibilities, she said.Savings is one of the first places where women can start to strengthen their relationship with money, a concept that helped inspire Orman to co-found SecureSave in 2020.
You will never be a woman who owns the power to control her destiny unless you have power over how you think, feel and act with your money."There has never been a time more important for an emergency savings account since 2008 as there is right now," Orman said.found just 24% of women say they can pay for an unexpected emergency expense in cash, versus 41% of men.
Meanwhile, 64% of women said their personal savings had dropped in the past year, compared with 43% of men.A wake-up call for women's financesWomen can test just how much they know about their money by asking themselves some key questions, Orman said.Do you know the current interest rate on your savings account?Do you know if the money in your 401 plan is protected?If you can't answer yes to all of these, consider it a financial wake-up call, Orman said.
“You will never be a woman who owns the power to control her destiny unless you have power over how you think, feel and act with your money — how you save it and how you invest it and how you spend it,” …
Do you know the interest rate on your mortgage? This is a patronising worthless article. I don't bother myself with finances when there are so many kittens who need care. sexist independentwomen