Women have more buying power than men; however do we have financial power?
When I speak of financial power; I refer to little debt, retirement security and being financially stable. Traditionally, women relied on men to take care of their financial needs. As we have progressed in history, we have been able to earn and control more money; but with this power are we making financial choices that would benefit us in the future or are we living for the moment with materialistic spending habits. On an overall basis, the beauty and fashion industry is continually growing even through episodes of depression.
In order to increase your financial power in your community:
1. Reduce your debt.
2. Plan for your retirement by investing, 401K and lowering bills.
3. Trim the excess fat in your budget by spending on what you need, not what you want.
4. Become financially knowledgeable.