Many times women are so engrossed with raising a family, managing their home, building their careers and other issues that they fail to spend time in personal financial planning until later in their lives (late 30s or 40s). Some leave the crucial activity of financial planning to their spouse and run into trouble when there is a breakdown in the relationship. Others are caught in a web of debts and unsustainable spending habits of their spouse.

Every Good wife should for the sake of her personal financial security and her children should become more financially smart and money management savvy? How should she strive towards achieving financial freedom, debt free so that she can enjoy her retirement free of money problems

Below are five useful tips on money management for women.

http://personalbudgeting.suite101.com/article.cfm/women_and_money

Women still have the right to work, make money and contribute to the family budget.

I am glad that there is an increasing emphasis on women being financially free and not dependent on their husbands. Before I got married, I talked to my husband about this. I told him that I would not be the woman who would stay in the house all day, do the household, and take care of the children. I will work, I will make my money, and we will both contribute to the family budget. This year we took our finances even more seriously; we consulted some financial advisory services for individuals to better understand where and how it is better to invest money.