John Labunski Independent women are more financially in control

The world has changed and many stereotypes and paradigms are being left behind. Those “women don’t know how to handle money”, “women spend too much” or “women don’t understand finances” talk are no longer convincing.

Female empowerment is everywhere, including in entrepreneurship and the economic market. More and more women seek their financial independence and professional development.

The fact is that independent women are more financially in control and achieve better results with money. Check out how to take care of your financial life and increase your purchasing power.

Start by doing a finance survey

Do you know your entire financial life by heart? Do you have control of everything (how much you earn, how you invest and how much debt you have)? If not, start as follows:

Know exactly the net amount you receive;

Gather in a spreadsheet or list all your fixed and variable expenses. Write down everything, even the smallest expenses. It may seem that spending $ 5.00 here or there makes no difference, but this amount can greatly impact the accounts at the end of the month.

Analyze current account statements, investments, purchase invoices, proof of income, debts, taxes, insurance, etc.

Raise your assets, the installments that need to be paid and debts;

Compare the interest rates you are paying with those practiced in the market for possible debt renegotiations;

Leave a reserve of money every month for any emergencies. Without planning, you can fall into overdraft or take out a loan and go into debt;

Differentiate need from desire. Do you really need to buy that item or eat out so much?

Set your goal: stay focused

If you want to conquer a car in a certain period, your planning will be one. If your dream is an apartment, your plans will be different. It all depends on your focus.

List what you intend to achieve and set a deadline for it. Include the values, the deadline and reflect on how you can realistically achieve what you want.

You will need to analyze monthly if the reality corresponds to what you planned.

Open your mind to other investments

If you have any investments, analyze the profitability and if the risk is in line with your investor profile.

Discover some possible investments:

Consortium : unlike financing, you will not pay twice the value of the property or car, because simply in the consortium there is no interest. The installments are taken into account (the credit amount is divided into installments). All you have to do is choose the plan that best suits you. There is no entry fee. Highly profitable.

Savings Account: there are no tax charges and the monthly income is certain (even if it is small). Yield depends on how long the money is spent and deposits complete the 30-day cycle held in the account.

Public bonds: When you buy a public bond, you lend money to the United State government in exchange for the right to receive remuneration for this loan in the future, that is, you will receive what you lent plus interest on this loan.

Taking care of your financial life is not difficult. Just have control, focus and stay tuned to the market! Thus, your purchasing power increases and you achieve your goals more easily.

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Posted By: John Labunski