It's always an argument that women have more money than they agreed to have(Watin you think)

But on a serious note, women are sometimes more disadvantaged than men when it comes to financing. Research shows that most women earn just 85% of what their male counterpart earns.

Women not only earn less than men, they also have more long term and overall health care expenses compared to men.
With all these challenges, there are still some strategies women can still implement daily to achieve their financial goals

Let's look at some of the strategies

1. Educate Yourself
Before discussing strategies to build a solid financial future, carve out some time to learn about money management and investment.
According to research, women are less comfortable making retirement investment decisions, and they show lower levels of financial literacy compared to men.

If you’re among those who don’t know how to manage her finance, you can begin to overcome some of your discomforts by educating yourself.
Read financial literacy books. articles and ask questions.

2. Set Financial Goals
When you set goals for every area of your finances, you give yourself specific targets to work toward.
This is important as it allows you to track your progress and know how to achieve your target.

It’s important to have both short-term and long-term financial goals. Short-term goals are goals you can achieve within one year and that give you something to look forward to, short term goals like a holiday, buying a new gadget or a family weekend getaway.
Long-term goals, like saving for retirement or saving to start a business or building a house, all require more effort, and could take several years to achieve.

3. Create a Budget

Make a budget and stick to it. The first step is to write down your monthly income and your expenses. Break your expenses down into “needs” like housing and food, and “wants” like cable, data, Netflix subscriptions and eating out.
Next, deduct your monthly expenses from how much you make. If you don’t have any money left, or you don’t have enough for your savings goals, see if you can cut back part of your expenses or find ways to increase your income.
The thought of following a budget may seem difficult, but doing this can help ensure you meet your financial goals on time.
Budgets also help you to prioritize your monthly expenses by placing your needs before your wants so you won’t run out of money each month and incur unnecessary debt.

4. Save first and spend later

Save first and spend later principle is very important if you want to achieve financial success as a woman.
Knowing that it is important to save a certain percentage of your income before paying for any present expenses is so woke and one of the surest ways to financial freedom.
You can decide to save with a commercial bank, an online savings platform or buy a piggy box to enable you to save at home, whatever works for you.

5. Save for rainy day

Putting money aside for unexpected costs and emergencies improves your ability to withstand unexpected financial expenses and gives you peace of mind all the time.

We might not know exactly what unexpected costs we will face in the future, but we can be sure that we have money set aside for it.
A "rainy day" fund is a pool of money that we can use to pay for expenses when unexpected events occur.
Putting aside money regularly, even a small amount, will help you to build up your ‘rainy day' fund over time.

In conclusion, if you have been mismanaging your money as a woman, it is not too late to start getting your finances on the right track.
Women are naturally great at managing things when they want to, so all you need to do is follow the same logic to money.
It is not about hoarding cash or depriving yourself of buying things you love, but it is about understanding that there is an advantage in delayed gratification.

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