103 Orchard Terrace Lombard, IL 60148

630-519-3131
mike@ludwigcpa.com
Client Portal
Investment Read Time: 2 min

How to Conquer the World - 5 Financial Strategies for Savvy

How to Conquer the World: 5 Financial Strategies for Savvy Single Women. If you’re a woman making all of the financial decisions for your household, you’re in the majority. More than half of American women have primary responsibility for household finances.Whether you’re just starting out, or have a well-established financial strategy, or are already enjoying retirement, here are some things to keep in mind.(1)How to Conquer the World: 5 Financial Strategies for Savvy Single Women. If you’re a woman making all of the financial decisions for your household, you’re in the majority. More than half of American women have primary responsibility for household finances.Whether you’re just starting out, or have a well-established financial strategy, or are already enjoying retirement, here are some things to keep in mind.(1)Build an Emergency Fund. Sometimes, when it rains, it pours. Saving up for a rainy day (like a sudden job loss, major medical expenditure, or natural disaster) is one of the smartest places to start. While a credit card can help in some emergencies, using cash means you can avoid fees and interest. Six months’ salary can be an ideal goal.Build an Emergency Fund. Sometimes, when it rains, it pours. Saving up for a rainy day (like a sudden job loss, major medical expenditure, or natural disaster) is one of the smartest places to start. While a credit card can help in some emergencies, using cash means you can avoid fees and interest. Six months’ salary can be an ideal goal.Cover Your Assets. It’s not all about saving: the right insurance coverage may also play a role in your financial strategy. Even if you’re offered some basic types of coverage through your workplace, you may find there are additional angles you’d be wise to consider. Being well-insured can save you major headaches down the road.Cover Your Assets. It’s not all about saving: the right insurance coverage may also play a role in your financial strategy. Even if you’re offered some basic types of coverage through your workplace, you may find there are additional angles you’d be wise to consider. Being well-insured can save you major headaches down the road.Never Stop Learning. Even if you have a financial professional helping you build your strategy, it’s still important to stay engaged and aware. The more you continue to educate yourself on the financial issues you’ll likely face as a woman, the better prepared you’ll be when life throws you those inevitable curveballs.Never Stop Learning. Even if you have a financial professional helping you build your strategy, it’s still important to stay engaged and aware. The more you continue to educate yourself on the financial issues you’ll likely face as a woman, the better prepared you’ll be when life throws you those inevitable curveballs.Consider Investing Differently. On average, women tend to live longer than men, meaning you have more years ahead that you’ll need to finance. Given women’s unique financial needs and challenges, it makes sense to talk to your financial professional about long-term investment strategies that might be particularly advantageous to you.Consider Investing Differently. On average, women tend to live longer than men, meaning you have more years ahead that you’ll need to finance. Given women’s unique financial needs and challenges, it makes sense to talk to your financial professional about long-term investment strategies that might be particularly advantageous to you.Prepare Your Legacy. “Getting your affairs in order” needn’t be a morbid exercise that you delay until the end of your life. Ideally, it’s something you’re already thinking about now. Your estate decisions matter, whether that means keeping your beneficiaries updated, making long-term care decisions, or preparing a legacy to leave your loved ones.Prepare Your Legacy. “Getting your affairs in order” needn’t be a morbid exercise that you delay until the end of your life. Ideally, it’s something you’re already thinking about now. Your estate decisions matter, whether that means keeping your beneficiaries updated, making long-term care decisions, or preparing a legacy to leave your loved ones.When women win, everybody wins. We want to see you conquer the world. With a savvy financial strategy in place and a knowledgeable team at your back, you can be more confident about the future you’re creating for yourself–and those you love. 1. PRNewsWire.com, April 12, 2022 https://www.kiplinger.com/personal-finance/601731/flying-solo-5-financial-strategies-every-single-woman-should-knowWhen women win, everybody wins. We want to see you conquer the world. With a savvy financial strategy in place and a knowledgeable team at your back, you can be more confident about the future you’re creating for yourself–and those you love. 1. PRNewsWire.com, April 12, 2022 https://www.kiplinger.com/personal-finance/601731/flying-solo-5-financial-strategies-every-single-woman-should-know

Share |

Have A Question About This Topic?

Thank you! Oops!

Related Content

Toddlers to Teens: The Lesson of Money

Toddlers to Teens: The Lesson of Money

Money is a central part of everyday life as an adult. We spend time most days earning it, we need it for survival, and we want it for fun and entertainment.

3 Ways to Save Without Tax Deferral

3 Ways to Save Without Tax Deferral

Tax deferral versus tax-efficient vehicles like Roth 4019k)s, Roth IRAs and Life Insurance.

Retiring the 4% Rule

Retiring the 4% Rule

A portfolio created with your long-term objectives in mind is crucial as you pursue your dream retirement.