Economic empowerment: 10 ways to maximize your money and make it work for you
Like what you're reading?
Get more in your inbox.
We all hear that "when you educate a girl, you educate a nation." It’s so important for women to be our own Gladiators and take control of our money. Money allows us to have our own feeling of self-worth and independence. Here are 10 ways to gain control and get on the path to financial stability:
2. Create a financial roadmapJust like with career goals, give yourself a 1 / 3 / 5 / 10-year plan. What kind of life do you see for yourself? Create a short- and long-term plan and constantly check back in to see if you’re on the right track. This is not a one-time shot, so re-adjust as your goals and needs change
3. Take full account of your lifestyleI’m originally from the East Coast, so when I planned on moving to California, I took salary into account but not the fact that CA has higher tax rates. I currently live in San Francisco, one of the most expensive cities in the US and also should have accounted for higher rent
If you want to live in places such as SF or NYC, think about the day-to-day cost of living. If you’re in the city, chances are you might spend more on transportation, but if in the suburbs, you'll probably need to buy a car. Weigh the pros and cons of each and decide what works for you.