FINANCIAL PLANNING KNOWLEDGE FOR WOMEN
Did you know that currently only 10% of Australian women retire with enough savings to fund a comfortable lifestyle. Recent studies also show that 2 in 5 Australians lack confidence when it comes to financial decision making.
It is vital for women to build their financial literacy. It can mean a change or improvement to your whole way of living. It can mean the difference in enjoying a comfortable retirement or depending on social services like the pension alone in retirement, just to make ends meet.
WHERE TO START
Women are already on the back foot with gender pay gap issues. Although these have improved over time, women’s salaries are still 17.3% lower than those of men doing the same job.
Women tend to retire earlier than men, and live longer. Another vital reason you need to ensure you money will last the distance.
This makes it doubly important for women to improve their financial literacy and make the most of their money.
PAY OFF YOUR DEBTS
The first step is to make your number one priority paying off your debts. Consider whether you really need that credit card and pay extra on your home loan if you’re in a position to do so.
INVESTING IN THE FUTURE
Overall, women are generally more cautious when it comes to investing, which isn’t a bad thing, however they could be missing out on bigger returns. Ensure your investment/s match your stage in life. This will help ensure your investments have the best chance of growing over time.
I AM HERE TO HELP
Everyone’s circumstances are different and there isn’t a one size fits all. This is where I come in. To make the best decisions for your money it is important to ask questions. Your financial adviser is here to help you make wiser financial choices.
I am available for a 30 minute free consultation. Please don’t hesitate to contact me via this link https://amandamccall.com.au/contact-financial-services-brisbane