You want to find someone who listens to you and understands you. Be sure to also ask the advisor how the services he or she provides are paid for and how fees are calculated. Here are three areas to focus on, including some fun activities she can engage in at any age to get her feet wet and set her on her way to confident financial decision-making.
Read more about first steps to investing here.
They still wanted to be able to travel, shop without worrying, and enjoy dining out with friends. “People want to work with financial professionals who understand what they are going through and what they will go through,” Stafford says. You’ll receive an automated email confirming receipt of your request shortly.
They shared tips on how and where to start, instead ofwaiting for divorce or becoming a widow—the two most common reasons women decide to seek financial planning services. Most people know about America’s startling pay gap between men and women, but did you know there’s also an investment gap? Women are roughly half as likely to invest their money as men, and 70percent of women have never met with a financial adviser. Certified Financial Planner (CFP) is a formal recognition of expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement.
It’s important to have a financial plan in place that considers the possibility of divorce or the death of a spouse. Some women may prefer to work with female financial advisors to help them plan their finances and maximize their earnings.
Understanding your cash flow enables you to adjust your spending to meet your goals. You can use your money more efficiently, waste less of it, and be more deliberate about your spending. We have found that many women experience more pleasure over their purchases when they become intentional about their spending. And if you don’t know how much energy you’re expending, you could end up drained. Amanda also worked in Corporate America, including Target and 3M.
