Financial Security

Why is financial security important?

Lots of life's goals require financial resources. You may be looking for more leisure time, a comfortable retirement, a college education, or a home of your own.

The key to reaching your various goals is financial planning and knowledge. Here at The Silver Purse we like to make learning more relevant and interesting.

Read on to see how women are especially challenged. Then follow some steps to take you closer to financial security... and your dreams.

Next stop on the tour...

Women want peace of mind

Many women are afraid of running out of money later in life. In fact a 2006 census study showed that many women in the US do live in poverty in their later years. What factors cause poverty for women? Why does the topic of women and money often revolve around "lack of money?"

As a group, women earn less over their lifetimes, live longer, and tend to put the needs of others above their own. Many women end up single due to divorce, widowhood or choice, and a solo household is more expensive per person.

Women also don't participate in employer retirement plans as often as men. In addition, women can feel intimidated by the financial world, with its sales pressures and complexity.

With all these barriers, can women really achieve financial security? Absolutely, if they are willing to exercise some personal qualities many take for granted.

Here are the things you'll need to do: use common sense, learn something new, set goals and follow through, and find helpful resources. You can do it, and we can help. Start by reading about the SECURE Plan, next stop on the tour.

Financial security means having the ability to live your life as you choose. It can give you the means to reach your goals, enjoy more choices and find that "peace of mind" we all want.
Robin Applegarth