If youre a woman and have been worried about finances lately, youre not alone.
Heres how to get started creating a personal financial empowerment plan.
Here are six smart money moves you’re free to make today to secure a solid financial future.
See what to expect this yearregarding student loans, including when repayments will resume and anticipated interest rate hikes on federal and private loans.
No Interest Til Almost 2027?
Balance Transfer = Credit Card Cheat Code
1.
Know Your Credit Score (or How to Get One)
Knowledge is power, right?
So finding out your credit score can strengthen your ability to take control of your finances.
And women are beginning to realize that having financial awareness is just as important as emotional awareness.
The score is an indicator to lenders of how good you are at managing money and repaying debt.
If your score is low, youll pay higher interest rates and may have difficulty obtaining credit and loans.
There are actually a fewcredit score models, but FICO is the most common.
Establishing a credit history doesnt necessarily require big changes in your life.
Check out more tips and tricks forhow to negotiate your salaryandhow to get a raise.
And if youre in the market to move soon, consider one of the following states where theU.S.
Census Bureausays the gender pay gap is considerably smaller than the national average.
That kind of differential can have a huge impact on womens financial lives.
Sometimes, though, its about more than money.
President Joe Bidens stalled student loan forgiveness program is currently being considered by the Supreme Court.
And it takes women about two years longer to repay their student loans.
For one, see that whole gender pay gap in the previous section.
If youre prepared to start tackling your debt, we havestrategies for paying off student loans this year.
Save for Your Retirement
Want to know one area where women have an advantage over men?
Unfortunately, we arent saving nearly enough.
Take control of your retirement planning by opening an individual retirement account, or IRA.
In fact, Suze Orman, a financial education expert, refers to homeownership as thekeystone to wealth.
Female investors are a significantlyunderserved populationin investing and wealth management.
Tiffany Wendeln Connors is deputy editor at The Penny Hoarder.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
