Women are more vulnerable to financial insecurity because they typically live longer, have more breaks in their employment and earn less. Making the right financial decisions is therefore crucial for all women, from Social Security to the rest of their retirement planning. Technically speaking, Social Security is gender neutral.

Gender doesn’t inherently dictate financial planning, investment, or success. But it does have some effect on the way people manage their finances. Factors like life expectancy, confidence level, and risk assessment that differ for women and men also affect the financial decision-making process. 

Having the right work-life balance is a key factor in fighting burnout, lowering stress levels, and maintaining strong relationships with friends and family. But sometimes this sense of equilibrium can feel allusive.

Being financially literate in today’s economic climate is more important than ever. Understanding finances can help you make better money management decisions, budget your money properly, adequately save for college, and be financially prepared for retirement. While it may sound daunting, financial literacy starts with a budget.

It is no secret that the typical American is working long hours with little respite compared to other countries with large economies. Full-time employees report an average work week of 47 hours and four out of 10 American workers say they work over 50 hours a week.

In practice, the question often arises as to why a single woman should own life insurance. Before answering it, it might be instructive to consider some demographics, especially as they have been trending in recent years:

The current economic environment has caused most everyone to reconsider their personal finances with many people having to drastically change their spending and savings habits. Out of this economic malaise may come an opportunity to finally instill the right habits in your teens that can carry them into adulthood on the right financial footing.

For time immemorial we have known that men are bigger cheaters than women. It seems that men, by their very nature, are more inclined to hide their infidelities and risk their relationships. Now we learn that women can be bigger cheaters than men, but with financial affairs, not romantic affairs.

When it comes to admitting that women are better at certain things, men have a difficult time conceding any degree of supremacy.