Reasons Why Women Need Financial Planning

by | May 23, 2023 | Financial Services

Women’s financial planning services in Portland Oregon are essential services for many in these times. A lot of women are oblivious to the need for financial preparation given all the economic uncertainties, inflation, and risk of global recession. To break the stereotypes, here are some compelling reasons why women should get more involved in financial management.

Career Pauses

According to an AIG Life study, women are almost three times more likely than men to need to take time from work to care for children. Women take more job pauses than males since they are family caregivers. This might be due to childbirth, senior care, or even migrating with their spouse.

This gap would denote a time of no income, which would inevitably disturb routine investments and savings. This necessitates more cautious financial planning for women.

Obtaining Financial Independence

The main motive for being involved in financial management is to obtain financial independence. Financial independence allows you to live life on your own terms.

A financially stable woman does not need to rely on others for a living. As a result, it also boosts her self-respect and self-esteem.

Life Goals

Today’s women are more aspiring and motivated. They have several career and personal life objectives. It might be anything from traveling the globe to founding a business.

All these objectives must be supported by proper financial resources, which is where women’s financial planning in Portland, OR comes in. Women, with the correct financial strategy, can make sure that they reach their objectives on time, without depending on others to support their aspirations.

Victory Financial Planning is a boutique agency with expert financial advisors ready to offer objective and independent financial advice to their clients. Contact Victory Financial Planning on Victoryfinancialplanning.com to get started on your tailored financial planning journey today.

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