Empowering women to take control of their finances.

2 Major Financial Biases Women Still Face — and How To Overcome Them

Women have made some notable financial strides in recent years. GOBankingRates' 2023 Women & Money survey found that nearly half of women (43%) are actively investing; the majority have neither student loan debt (57%) or credit card debt (43%); the majority (59%) are solely responsible for the financial decisions in their household; and 60% of women are financially independent. Yet despite their strong financial standing, many people still hold certain biases when it comes to women and money. Discover: 10 US Cities With Plenty of Jobs and Cheap HousingLearn: How To Guard Your Wealth From a Potential Banking Crisis With Gold In…

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March Series Spotlight

Financial Fears in 2023: These Are the 4 Top Money Stressors for Women

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…

Young Women Identify Their Worst Money 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?…

Nearly Half of Moms Are Struggling To Pay for Everyday Expenses

As Americans are feeling the financial strain of higher costs and paychecks stretched thin, moms are experiencing the ever-challenging role of affording everyday essentials with tighter-than-ever budgets. Costco's Best Deals? Employee Reveals 10 Standout Buys for Your MoneyFind Out: How to Guard Your Wealth From a Potential Banking Crisis With Gold According to a recent survey conducted by GOBankingRates, 27% of parents are overwhelmed by everyday expenses. However, these rising costs are weighing more heavily on mothers, with a much higher 41% of moms saying they feel overwhelmed by everyday expenses. Other expenses are also troubling this group as they are…

Women Near Retirement Regret Not Saving Sooner: How To Catch Up

Women on the cusp of retirement are facing the devastating reality that they did not start saving early enough. To make matters worse, they are reaching retirement during some of the highest inflation levels the U.S. has seen in decades. With costs on the rise, many women have had to push off retirement or save more. Discover: 7 Ways Baby Boomers Are Wasting Money in Retirement — and How To Stop It Check Out: 3 Ways to Recession Proof Your Retirement According to a recent survey conducted by GOBankingRates, 31% of women ages 55 to 64 regret not saving for…

A Focus On Your Money

Nearly 1 in 5 Women Regret Not Building an Emergency Fund: How To Get Started With Yours

As the popular phrase goes, "hope for the best, prepare for the worst;" it's impossible to know when a financial crisis may take our bank account by storm and it's important to be prepared should tragedy strike.  Find Out: 5 Things You Should Always Pay For With CashSee: 3 Signs You're Serious About Raising Your Credit Score While everyone should build an emergency fund, it is particularly critical for women to cultivate these savings. Women are scientifically more likely to live longer than men and often take on the financial responsibility of being caregivers. They also face more expensive essentials…

Majority of Women Are Debt-Free: How To Keep It That Way

Women are breaking free of debt. In GOBankingRates' 2023 Women & Money Survey polling 1,016 American women, the majority of them said they were now debt-free. Nearly 58% of overall respondents said they did not have any student loan debt. As for credit cards, 43% said they didn't have credit card debt and 15% of women have less that $500 in credit card debt. Do You Have a Money Question? Ask An ExpertFind Out: 3 Things You Must Do When Your Savings Reach $50,000 Once you're out of debt, most want to stay out and continue pursuing debt-free financial freedom….

Inflation Is Holding Women Back — 6 Ways To Overcome It

There's a combination of two factors holding women back from achieving their financial goals.  The first factor is a lack of money. In GOBankingRates' 2023 Women & Money survey polling 1,016 American women, 47% of respondents said a lack of money is the biggest barrier to achieving financial goals. A lack of money also keeps 32% of women from actively investing. Do You Have a Money Question? Ask an ExpertLearn More: 3 Ways to Recession Proof Your Retirement The second is the current high cost of living and inflation. Not being able to afford everyday expenses is the biggest source…

Survey Finds That Women Control Household Finances

Women might not have their faces on money yet, but they certainly have their hands on it. A new GOBankingRates survey of more than 1,000 women shows them taking the lead in household money matters — and that comes as no shock to the women who deal with this dynamic in their professional lives. Learn: 4 Best Places To Keep Your Money That Aren't a Checking AccountMore: With a Recession Looming, Make These 3 Retirement Moves To Stay On Track "My experience reflects your research that a majority of women manage the finances in the household," said life and financial…

Women and the Workplace

How Women Can Overcome the Most Common Career Barriers

Unfortunately we still live in an unequal society where women face more career barriers than men. In an effort to better understand some of the unique challenges women in the workplace encounter, GOBankingRates conducted a Women and Finance survey that asked (among other things), "What's the biggest obstacle you've faced in your career path?" See: With Student Loan Forgiveness at Risk, Is a 'Forever' Payment Pause Possible? Learn: How To Guard Your Wealth From a Potential Banking Crisis With Gold Here's what we found out.  34% of women identified lack of available opportunities as the biggest obstacle.16% identified taking time…

How COVID-19 Changed the Landscape for Working Moms

During the onset of the COVID-19 pandemic, working mothers worldwide felt a wave of uncertainty and anxiety. Suddenly, with schools and daycares shut down, they had to balance career obligations with increased child care duties — all while dealing with worries about the health crisis. Student Loan Forgiveness: Is a 'Forever' Payment Pause Possible? Learn: How To Guard Your Wealth From a Potential Banking Crisis With Gold Here's a look at how the pandemic has changed the landscape for working moms and how employers can continue to support working moms as we move into the post-pandemic world.   Also see why…

4 Benefits Women Should Demand From Their Workplaces

McKinsey's October 2022 Women in the Workplace report found that women leaders are switching jobs at the highest rates ever. As for why women are jumping ship, it's because they "are demanding more from their companies, and they're increasingly willing to switch jobs to get it," the report found. So, what demands are women making? And what should they be demanding? Do You Have a Money Question? Ask an ExpertMore: With a Recession Looming, Make These 3 Retirement Moves To Stay On Track In this "Financially Savvy Female" column, we're chatting with career experts to find out the benefits women should…

A Guide to First-Job Negotiations for Gen Z Women

You've just wrapped up college or an internship and now you're headed into the "real world" where you must land your first "real job." This is a thrilling and potentially scary time that could impact your entire career going forward. See: With Student Loan Forgiveness at Risk, Is a 'Forever' Payment Pause Possible? Learn: How To Guard Your Wealth From a Potential Banking Crisis With Gold Unfortunately, it can be extra perilous for Gen Z women, who are entering an environment where gender inequity still looms large.  That is why negotiating is critical. Here's how to do it.  Know Your…

Relationships, Family & Finances

Who Makes the Money Decisions in a Relationship? 30% of Gen Z Women Say It’s Not Them

Conventional wisdom says that modern women have more control over their money than any generation that came before — but that might be a false assumption. As it turns out, young women in America are much more likely than their older counterparts to take a passive role in their household finances. I'm a Self-Made Millionaire: These Are the 6 Investments Everyone Should Make During an Economic DownturnSee: How To Guard Your Wealth From a Potential Banking Crisis With Gold A new GOBankingRates study of more than 1,000 American women found that Gen Zers ages 18-24 who are in relationships leave…

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…

3 Ways To Avoid Financial Complacency in a Relationship

It's not uncommon for some long-term relationships to experience a shift in dynamics, with one partner becoming financially complacent.  See: 10 Aldi Products Worth BuyingFind Out: With a Recession Looming, Make These 3 Retirement Moves To Stay On Track For example, if one partner starts to earn more money, the other partner may begin to financially rely on the breadwinner. Or, one partner might start taking charge of every aspect of the household's finances. While it's not innately bad for one person in a relationship to earn a little more or prioritize paying the bills, Jessica Alderson — relationship expert…

Should You Move in With Your Partner To Save Money?

Moving in with a partner is a major step in a relationship — but many couples are basing this decision on something other than long-term compatibility. A recent Realtor.com survey found that 63% of people who have moved in with a romantic partner said that their decision was impacted by finances and/or logistics. This was especially common among younger people: 80% of Gen Z and 76% of millennials said that one or both of these things were a factor in moving in with a romantic partner. Find: Check Your $2 Bills — They Could Be Worth Upwards of $4,500With a…

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