Why a Personal Finance Site for Women
At MsFinancialSavvy.com, we are occasionally asked the question, “Why a financial website targeted to women?” The following article will attempt to explain our website.
>Women are three times more likely than men to be single parents, or early widows.
>Women are more likely to transfer budgeting and saving habits to their children.
>Single mothers today are still more likely to live in poverty than single dads.
>The percentage of men who invest is much greater than women who invest.
Why Focus on Budgeting and Investing?
> Women need to know how to budget and invest for emergencies, savings, college planning and retirement.
>Women need to know how to keep the money they earn, and increase their net worth, through budgeting and investing.
>There is a significant number of women who make high incomes but do not have enough money to pay monthly bills or to invest. The main culprit, is lack of budgeting skills.
>Woman need to know the field of budgeting and investing, so they can pass it along to their children.
Why invest rather than just save in a less than 1%, simple interest, bank account?
> In order to keep up with, and stay ahead of inflation and taxes, history shows that investing in stocks long-term has given us the greatest returns.
>Our website MsFinancialSavvy.com is important because many women have retirement accounts with their employer, but do not understand the investments in those accounts. Learning and using MsFinancialSavvy.com may enable you to understand the importance of funding your 401k and 403b employer retirement accounts. It will also enable you to choose the appropriate investment, when given a choice.
>Many women are self-employed, homemaker moms, or have a job that does not provide a retirement account. Since retirement planning is a mystery to these women, they choose not to fund a retirement account.
>Many women are not familiar with college savings plans.
>Woman need to know that saving with stocks and mutual funds, you can acquire compounded interest vs. the banks low simple interest rate.
>If women choose to use a broker to invest, understanding investments will increase chances that they are purchasing investments that are appropriate for them.
>In order to purchase stocks and mutual funds for an Online Investment Account, women must understand the stock market first.
Use MsFinancialSavvy.com to learn to budget and invest money now! If you are already familiar with stocks and mutual funds you can use our tutorials for a review. Use our stock quotes and charts, financial calculators, feature articles, book reviews, and investment bookstore, whether you are a beginning, intermediate, or advanced investor.
Start an Online Investment Club at MsFinancialSavvy.com, and learn to invest money with your friends and family members.
MsFinancialSavvy.com is targeted to women, but everyone is welcome!!! Use these financial tools with our website.
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