At
MsFinancialSavvy.com we are occasionally asked the question, "Why
a financial web site targeted to women?" The following
article will attempt to explain our web site.
The Statistics:
>Women are three times more likely
than men to be single parents, or early widows.
>Women are more likely to transfer
budgeting and saving habits to their children.
>Single mothers today are still
more likely to live in poverty than single dads.
>The percentage of men who invest
is much greater than women who invest.
Why Focus on Budgeting and Investing?
> Women need to know how to budget and invest for emergencies,
savings, college planning and retirement.
>Women need to know how to keep
the money they earn, and increase their net worth, through
budgeting and investing.
>There is a significant number
of women who make high incomes, but do not have enough
money to pay monthly bills
or to invest. The main culprit, is lack of budgeting skills.
>Woman need to know the field of
budgeting and investing, so they can pass it along to their
children.
Why invest rather than just save in a 3%, simple interest,
bank account?
> In order to keep up with, and stay ahead of inflation and
taxes, history shows that investing in stocks long-term has
given us the greatest returns.
>Our web site MsFinancialSavvy.com
is important because many women have retirement accounts
with their employer,
but do not understand the investments in those accounts.
Learning and using MsFinancialSavvy.com may enable you to
understand the importance of funding your 401k and 403b employer
retirement accounts. It will also enable you to choose the
appropriate investment, when given a choice.
>Many women are self-employed,
homemaker moms, or have a job that does not provide a retirement
account. Since retirement
planning is a mystery to these women, they choose not to
fund a retirement account.
>Many women are not familiar with
college savings plans.
>Woman need to know that saving
with stocks and mutual funds, you can acquire compounded
interest vs. the banks
low simple interest rate.
>If woman choose to use a broker
to invest, understanding investments will increase chances
that they are purchasing
investments that are appropriate for them.
>In order to purchase stocks and
mutual funds for an Online Investment Account, women must
understand the stock
market first.
Use MsFinancialSavvy.com to learn budgeting and investing
now! If you are already familiar with stocks and mutual funds
you can use our tutorials for a review. Use our stock quotes
and charts, financial calculators, feature articles, book
reviews, and investment bookstore, whether you are a beginning,
intermediate, or advanced investor.
Start an Online Investment Club at MsFinancialSavvy.com,
to learn investing with your friends and family members.
Use our Message
Boards to share your questions and comments
with others at MsFinancialSavvy.com.
MsFinancialSavvy.com is targeted to women, but everyone
is welcome!!!
Lois Center-Shabazz is the founder
of MsFinancialSavvy.com and author of the 3-time award-winning
personal finance book, Let's Get Financial Savvy! ISBN #0971979502.
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