Women Issues – The Financial Risks Faced By Women

Many women risk being too financially dependent on others. Getting a job and earning money is not the solution to this risk. Women need to be clear with their partners as to who makes the financial decisions. They also have to play an active role in taking financial decisions. She must know what happens to the money she contributes to the household and how the retirement money is being invested. She should track the money allocated to savings, debt payment, and the net worth of her movable and immovable assets. This knowledge can be very useful especially when something unforeseen happens. Knowing where you money is or if you have enough money solves financial problems faster and saves both you and your partner a lot of needless stress and frustration. Being financially independent to a degree also helps you attain financial independence, so it is important for every woman to find out how much she is financially worth, as well as the net worth of her assets and liabilities.When this question was asked to many women on a survey, the answer usually was “my husband takes care of it” or “I am not sure.” The truth is majority of them do not know how much percentage of the assets they own. They should make it their priority to find out whether the asset allocation is at least equal to the money they contribute. Sadly, most women do not find out about this until this risk hits them hard in various forms such as divorce, hospital bills, the death of the spouse or some unforeseen event. The asset imbalance can be easily identified and corrected by calculating how much you earn versus your expenditures and by identifying what happens to the surplus or deficit.In case you have to go through a divorce, or are abandoned by your spouse, the above-mentioned point will become a huge factor in this situation. This scenario becomes more complex if there are any children in the union. This worst-case scenario has to be played out in the minds every woman. Be aware that number of divorces filed keeps increasing every year in America. Being financially independent and knowing your asset allocation will ease the pain of going through a divorce and will help you rightfully retain your money. It will also help you get you back on your feet quickly and can tide you over with your children for a while. Knowing your financial worth may not help you with the emotional pain of going through a divorce, but it will surely ease the financial pain. It is suggested that you must have ready access to at least 5,000 to 10,000 dollars before you decide to file for a separation.You must also understand your insurance policies and investments. This will make more sense on the stages of retirement and old age, or when you are unable to work for extended period due to illness or accident, or in case of a divorce. A large number of American women face this risk today. Instead of having money sitting in the bank, why not let it work for you and earn more money? There are many safe investment options out there. In addition, women have to make sure that they have enough health insurance in case of accidents or children’s unforeseen expenses.In conclusion, these scenarios are not meant to scare you and but to make women all over consider their options and use them wisely so that the transition during the tough times is as manageable as possible.

Women Issues – The Children of Divorce

Children of divorced parents are also more sceptical about finding true love and settling down. Before you decide that this article is trying to spoil you from enjoying your big day, this is just to make you aware of the facts so you are more equipped to enjoy your married life fully, even though you may not have grown up in successful marital surroundings.As child of divorce, it is important not to lose hope by thinking that you are going to commit the same mistakes your parents did. You will have to be a little optimistic and think that you have learned from the mistakes of your parents to make sure history does not repeat itself.Here are other key points to help you: You will have to learn to forget and forgive the past. A successful marriage is difficult enough to maintain without bringing all your old laundry to it. First, make peace with your parents and forgive them. Do not blame their divorce for everything in your life. This will help you make peace with past and concentrate on the future with a fresh prospective. Remember that you are not your mom- remember that you are a different person and stop worrying about committing your parent’s mistakes. Remember that you control your fate and you make your own decisions. Also, accept that your spouse is not your dad or think that he is going to make the same mistakes as your dad did. Do not equate his mistakes to your father’s and think of the worst-case scenario. In order for you have a successful marriage, think of him as his own person, and place your complete trust on him. If he makes a mistake, be quick to forgive and enjoy each other’s company.You are at an advantage when it comes to making mistakes. You have witnessed a failing marriage first hand. You just have to make sure that you do not perform the same mistakes in your married life. You can also look at your friends’ parents or relatives who have had successful marriages for pointers and talk to them.Concentrate on your unique future. You should not define the path you are going to follow and base it on your parent’ union. You start by trusting your husband and placing complete faith in your relationship if you truly love him and like his company. Start building a better future with him by talking to him about your issues so he can understand you better.As we look at today’s modern world and we can easily ask ourselves where we went wrong. However, you are not your past– remember that you are not bound to make the same mistakes unknowingly. Enjoy your married life.