Empowering women to take control of their finances.

I’m a Financial Planning Expert: 5 Tips I Give To My Female Millionaire Clients

You might not be a millionaire — yet — but many of the financial planning strategies that apply to the wealthy also apply to those who haven’t quite hit the seven-figure mark. You might also have the goal of building your wealth, maintaining your wealth or achieving financial freedom — all common goals of millionaire women. In this “Financially Savvy Female” column, we’re chatting with Katie Randall, a financial advisor at Prime Capital Investment Advisors who collaborates with high-earning, millionaire women to help them achieve their financial goals. Here are Randall’s top tips for her female millionaire clients. I’m a Self-Made…

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A Focus On Your Money

Nearly 75% of Women Report Living Paycheck to Paycheck for at Least Part of the Year: How To Break the Cycle

A new GOBankingRates survey found that 51% of women live paycheck to paycheck all of the time and an additional 23% live paycheck to paycheck for at least part of the year. Comparatively, 46% of men live paycheck to paycheck all of the time and 19% do for part of the year. While these numbers are pretty grim for members of both sexes, it is alarming that nearly three-quarters of women are living paycheck to paycheck at least part of the time. In this “Financially Savvy Female” column, we’re chatting with Leslie Thompson, CDFA, CPA, CFA, chief investment officer and…

These Are Women’s Top 3 Financial Goals for 2024

It’s officially that time of year when we start thinking about our goals for the year ahead. A new GOBankingRates survey found that women’s top three financial goals for 2024 are getting out of debt (27%), saving more money (24%) and making more money (18%). These goals are achievable with the proper plan in place — but it’s important to actually make a plan and stick to it. In this “Financially Savvy Female” column, we’re chatting with Kerry Keihn, a financial advisor and partner at Earth Equity Advisors, about how women can get out of debt, save more and make more next…

4 Ways Women Can Prepare for an Economic Downturn

The economy can be unpredictable, so it’s always a good idea to be prepared for the worst — but what should that preparation entail? A recent Fidelity Investments study asked women how they have responded to economic uncertainty in the past year, and the responses ranged from pre-emptive moves to proactive measures. In this “Financially Savvy Female” column, we’re chatting with Lorna Kapusta, head of women and engagement at Fidelity, about the best ways women can prepare for an economic downturn. Read: I Put These 5 Monthly Bills on AutopayFind: 3 Things You Must Do When Your Savings Reach $50,000 Build Up an Emergency…

What the ‘Great Wealth Transfer’ Means for Women

Baby boomers are set to pass down approximately $30 trillion in assets over the next few decades. This “great wealth transfer” has the potential to shape the greater economy as well as individual lives. Money Expert Jaspreet Singh: Get Rich Through These 3 InvestmentsFind Out: What To Do If You Owe Back Taxes to the IRS But how will it impact women in particular? In this “Financially Savvy Female” column, we’re chatting with Maggie Wall, head of diverse growth segments at Citizens, about how this vast movement of capital will impact women, who historically have been sidelined in financial conversations. What…

Women and the Workplace

Women Are Less Likely To Use AI To Help Them in Their Careers: 2 Ways To Harness This Technology Now

Artificial intelligence can be an invaluable tool for your career growth when used correctly, but many women seem hesitant to embrace this new technology. A recent FlexJobs survey found that more than half of men (54%) are using AI in either or both their personal and professional lives, while only about one-third of women (35%) are currently using AI. In addition, 60% of men said they either already have or are considering using AI for job applications, but only 46% of women said the same, and 21% of men have used AI tools on their job applications, while 15% of…

2 Factors Are Stopping Women From Climbing the Career Ladder, but You Can Overcome Them

The number of women in leadership positions in the American workforce has increased by just 1% in the past six years, from 36% in 2016 to 37% in 2022, a recent LinkedIn analysis found. The analysis also found that women are less likely to make the climb from entry-level roles to leadership positions, even in fields where they hold the majority of positions, like hospitality and administrative services. Suze Orman: 8 Urgent Tips for Surviving the Looming Recession Learn: How To Build a Financial Plan From Zero So what’s holding women back? The analysis posits that two major factors are…

Gender Wage Gap Narrowing for Gen Z: Will They Reach Equal Pay?

The gender pay gap has barely narrowed in two decades, a recent Pew Research Center analysis found. In 2002, women earned 80% of what men earned and in 2022, they earned 82% of what men earned. Read: 6 Investments Everyone Should Make During an Economic DownturnFind Out: How To Build a Financial Plan From Zero While these stats may be disheartening, there is one glimmer of hope — the wage gap has been narrowing significantly among young workers. The analysis found that among older Gen Z and younger millennial workers — those ages 25 to 34 — women currently earn 92% of…

Why Has the Gender Wage Gap Remained Stagnant for 2 Decades?

Women have historically earned less than men, and the gap in earnings between the two genders has barely budged over the past 20 years. A recent Pew Research Center analysis of median hourly earnings of both full- and part-time workers found that in 2022 women earned an average of 82% of what men earned — a very similar percentage to the 2002 results, when women earned 80% of what men earned. See: How Many Americans Have $100,000 Saved for Retirement? Learn: How To Build a Financial Plan From Zero So why is the gender wage gap not closing? And what…

Relationships, Family & Finances

Newly Married? Here’s How To Build Wealth as a Couple

We’re currently in the midst of wedding season, which means many couples will be saying their “I dos” and officially merging their lives together. This also means that many couples will be navigating their finances together for the first time. Having frank conversations about money and wealth-building strategies early on can help couples navigate financial highs and lows down the line. See Our List: 100 Most Influential Money ExpertsRead: How To Build Your Savings From Scratch In this “Financially Savvy Female” column, we’re chatting with Cindy Scott, CFP with Schwab Intelligent Portfolios Premium, about how newly married couples can work together to…

Why Dating Your Financial Opposite Could Be a Good Thing

We all know that opposites attract, but we usually think of this as a bad thing when it comes to financial opposites. However, this isn’t necessarily the case — a saver and a spender could make for great partners if they use their differences to their advantage. Discover: 11 Grocery Items To Buy at Dollar TreeFICO Figures: 3 Signs You’re Serious About Raising Your Credit Score In this “Financially Savvy Female” column, we’re chatting with Lindsay Bryan-Podvin, a certified financial therapist and a partner with MetLife’s financial wellness app Upwise, about why dating your financial opposite could actually be a good thing. What are…

Money Questions To Ask Your Partner

In this “Financially Savvy Female” column, we chat with YouTube creator and financial expert Aja Dang about the money questions women should be asking their partners and why asking these questions is so important. Talking about money can be awkward, and it can be an uncomfortable topic to broach for the first time when you’re in a relationship. But making sure you and your partner are aligned when it comes to your attitudes about money and financial plans is important for the long term, so these are conversations you shouldn’t be putting off. See: 5 Kitchen Appliances That Just Aren’t…

Here’s How Much You Need To Budget for Child Care

Having children is a magical and rewarding experience. However, parenthood is not all rainbows and sunshine — it comes with significant financial responsibilities. Student Loan Forgiveness: Is a ‘Forever’ Payment Pause Possible? FICO Figures: 3 Signs You’re Serious About Raising Your Credit Score One of the biggest expenses parents have to budget for is child care, which includes daycare, nannies and babysitters. Knowing how much to budget for these costs can help make parenting easier on your wallet.  Why Is Child Care Becoming More Expensive? According to a recent survey by Care.com, 63% of parents report child care has become…

2023 State of Women & Money

What Is the State of Women & Money in 2023?

Women have been making major strides in the worlds of personal finance and careers. A recent LendingTree analysis found that single women now own more homes than single men. And in January, Fortune reported that women CEOs run more than 10% of the Fortune 500 companies for the first time in history. Still, the gender pay gap persists and women continue to be less likely to invest than men — even though data has shown that they tend to be better investors. $2,000 Quarter? Check Your Pockets Before You Use This 2004 CoinSee: With a Recession Looming, Make These 3…

These Are the 4 Top Money Stressors for Women in 2023

GOBankingRates’ 2023 Women & Money survey asked over 1,000 American women about their biggest sources of financial worry and stress — and the No. 1 stressor wasn’t saving for retirement or paying for emergencies, but merely having enough money to get by on a day-to-day basis. Find Out: Why Stealth Wealth Is the Best Way To Handle Your MoneySee: How To Guard Your Wealth From a Potential Banking Crisis With Gold In this “Financially Savvy Female” column, we’re exploring all of the top money stressors women face. We also chatted with Lisa Jones, managing director and financial advisor at Prime…

Impulse Shopping, Food Delivery & More: Young Women’s Worst Habits

Would you be able to guess what women say are their worst money habits? Key findings in GOBankingRates’ women and finances 2023 survey highlight financial habits that women said rank among their worst. Let’s take a closer look at the money habits that top their lists, especially among young women, and tips for how women can break free of these habits. Do You Have a Money Question? Ask an ExpertDiscover: 3 Ways to Recession Proof Your Retirement Here are the bad money habits topping the list for young women’s worst financial foes. Which Money Habits Do Women Consider Their Worst?…

1 in 3 Women Avoids Their Finances: Why This Is a Mistake

How would you describe your relationship with money? In GOBankingRates’ women and finances 2023 survey, key findings revealed nearly one in three women avoids thinking about or dealing with their finances. Thinking about personal finance may not be as enjoyable as taking a vacation or enjoying a spa day, but it’s necessary in order for women to establish a healthy relationship with money. Let’s look at why it’s a huge mistake for women to avoid thinking about finance and what they can do to make it easier to manage their finances. Do You Have a Money Question? Ask an ExpertMore:…