Seven Habits To Becoming A Financially Independent Woman

Times have changed. Money matters were once considered to be the responsibility of the male breadwinner and financial discussions were avoided. But women have discovered how emancipating it is to be financially independent.

 To get started ….

1. Be in control of your income by careful planning.
Know what comes in and what goes out.

2. Empower yourself with a monthly budget.
Keep it realistic, but flexible.

3. Save a little extra each month, a Plan B.
There might be unexpected costs, vet bills or a punctured tyre.

4. Be money-conscious
If you’re serious about financial independence, be honest and ask yourself: Do you want it or do you need it? Avoid impulse buying.

5.  Use a credit responsibly and cleverly.
A credit card attracts the highest interest rate of all debt. Pay your credit card in full every month.

6.  Explore the opportunities of a passive income.
To supplement your income or add to your savings, look for something that’s not too time-intensive and can be done in the evenings or over weekends.

 7.  Start saving towards your retirement. It’s never too early. 

September 01 2017 By Noble Wealth Management Financial Planning