Financial Strategies for Women

Financial Strategies for Women

Married or single, every woman has financial responsibilities. Your tomorrows depend on what you do today. Some women carefully plan their two-week vacation or discuss major purchases at length with friends, but put off sharing what life’s unpredictability could mean to their long-term plans. It’s important to take a look at the life you’ve created and consider your financial goals and objectives.

Emergency Savings: How much should you have? Ideally, you should have enough money in an emergency fund to cover essential expenses for several months. Save this fund for true emergencies – a job loss, illness or major unexpected expense.

Spending: Stop credit card balances and stop overspending. If you can’t afford to pay off your credit card each month, don’t use it.

Life Insurance: Life insurance doesn’t just replace a lost salary to meet long-term financial needs. It may provide the money that allows your loved ones precious time to grieve. A spouse, partner, or dear friend may need additional, unpaid time away from their job to get through their own grief, as well as help children or family members work through their pain.

Disability Income Insurance: Stress, diabetes, heart disease, back problems, cancer and auto accidents are just a few examples of causes of disability. Can your financials withstand losing your income temporarily (or permanently) due to a health issue?

Retirement: Planning for your future requires more than just contributing to your 401(k) account. There are a number of additional strategies that may complement your efforts to potentially achieve greater financial security in your future.

If divorce or a death has impacted previous goals and objectives, be sure to look for any gaps that need to be closed now. Once you have explored your options, you can take action to secure your family’s future — and get back to the business of enjoying life. If you would like more information, simply reply to this email. When more education equals greater peace of mind, why not learn more today?

Courtesy Of
Doretta Thomas
Transamerica Agency Network
(602) 275-2471 office

doretta.thomas@yahoo.com
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About Mastering You

"Mastering You" is about helping African American's to see their value in this world. I post only positive stories and information about what African American's have contributed to society in the past and currently. I don't post anything about Sports, Entertainment, Religion, or Politics. I also don't post anything that has a negative spin. While I am aware that there are negative things happening all over the world and that most people focus on the above four topics when it comes to African American's that is not my goal. If all you heard was negativity about any race that's all you will come to expect from them and everything else will be out of the norm. My goal is to show everyone that the negativity is often out of the norm, or at best they are equal to the positive. Just like every other race.
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