Prudential Researches The Financial Challenges Women Face! #OwnMyFuture

Prudential Researches The Financial Challenges Women Face! #OwnMyFuture

Disclosure: This is a sponsored post for Prudential.

Financial security should be one of the most important things that we care about.. As a woman, financial security means so much more to me.  Financial security means a future for my kids,  safety for my family,  comfortable living when it’s time to retire and spend time with my family. After reading up on Prudential’s mission to educate women on  financial security for  their future, I had no choice but to jump on board. As a mother of 3 children, the core values from Prudential hit home for me.  There are four challenges that women need to pay attention to regarding their financial planning, and these shed a lot of light on the way I handle my finances.

The wage and income gap is a statistic that a lot of the world does not like to face. The sum of it is that men make more money than women for the exact same position. Most say the reason is the fear for most women to negotiate their wages. Logically, this makes sense that a woman would save less than a man, and her 401k would be less than a man’s. On a personal level this has not been one of my financial issues because I am a very hard worker and I know what I am worth.

The investment gap depends on the person rather than the gender. Statistics show that women don’t invest to the same degree as men.1 For my part, I am not an investor for the simple fact that I have not looked into investing and I like to know where my money is going. I may be behind in the investment curve for this very reason and I have never thought about it until reading Prudential’s site!

Women are living longer than men. This is just a statistic that is undeniable and something that cannot be planned for. This is where security comes in. Personally, I hate talking about losing any family member. With that being said, I don’t even like preparing for that situation. The truth of the matter is it is something everyone has to deal with. Prudential has opened my eyes to needing to be financially prepared for anything that happens.

The time gap. On average, women in the U.S. spend 28 hours per week on household chores – 65 percent more than the average for men.2 This is another one of the statistics that depends on the person. This idea proposes that women leave work and come home and do more work in the form of chores while men are still at work being paid for working. Some women may feel they don’t have time for financial planning because of the unpaid work they do.

Before visiting Prudential’s site, I thought I was on track with my financial future. After reading and researching, I realized that I can get ahead instead of just being on track. Investing is my weak spot! I have made a promise to myself to be more prepared! Women, please know your worth. Make time for yourself. Most of all, invest in yourself! The investing gap hit home as well as the women living longer. The most to take away from this read would be, ladies BE PREPARED! BE SECURE! BE READY!!

 

If you have a moment check out this informative video: Best Friends Talk About Money: Youtube

 

For more information on the statistics of woman regarding finances, visit bit.ly/ownmyfuture. I urge all of my readers to seek a Prudential financial professional to plan for the security of you and your family’s future.

Remember you can keep up with Prudential via their social channels and website:

Twitter: @Prudential
Instagram: @Prudential
YouTube: Prudential
Facebook: @Prudential
Website: bit.ly/ownmyfuture

 

If you are like me and value the security and comfort of your future, you can visit the Prudential website at bit.ly/ownmyfuture. Your future means a lot to everyone around you…don’t wait to make sure you are prepared!

Sources:

1. http://fortune.com/2016/05/11/sallie-krawcheck-ellevest-launch;

2. Organization for Economic Cooperation and Development, October 2016, http://stats.oecd.org/index.aspx?queryid=54757.

 

 

Disclosure: This is a sponsored post for Prudential.

11 Comments


  1. this is such a great servcie they do. I always wish I was taught more in my earlier education. This would be great with High School kids before they take off on their own and possibly make devastating credit choices

    Reply

  2. This is a great article and gives all of us woman something to think about. I think being financially sound is very important in this time of our country. We need to work on this in our family and we have been. I will be sharing this with my husband.

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  3. I couldn’t agree more. It’s so important for women to have a handle on our finances. Growing up, there was a clear divide (and I’m only 42, so this wasn’t in the 1950s) for the girls to have arts classes and for the boys to have business classes. All of these tips are really great, and I would add that beginning one’s financial education at a young age is also crucial so as to avoid bad habits that have to be unlearned later.

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  4. I couldn’t agree more with you. I am not an investor at all, in our case, neither is my husband really and truly but I look at my son and I’m like, I really need to start investing for him. The way things cost nowadays revolve alround financial stability.

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  5. What a wonderful article for women and their financial futures! For the longest time I put my 401(k) savings on auto-pilot and didn’t really think too much about them. Once I turned 40 though .. I thought yikes .. I really need to be paying closer attention to my investments. I haven’t checked out Prudential’s site yet .. but definitely will in the future. I bet they’re a great resource!

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  6. This is a really informative video! Staying on track with finances can be so difficult but it is essential to stick to a plan in order to save money!

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  7. I was actually just discussing this with my friends and we agree that in so many companies we’ve worked in, there seems to be an incredible wage gap. I know it’s policy to not speak of wages but some companies are so obvious about it without even realizing! I hope the future changes and that we move in the right direction to equality!

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  8. It’s great to see a post about financial security. Many families, both married, single, or single parent, live paycheck to paycheck. It’s a constant struggle, and can tend to put pressure on the “bread-winner”. Thank you for posting this!

    Reply

  9. We are a debt free family and live well below our means so we can stay debt free. My husband is a HUGE saver and it so good at turning pennies into dollars. I think more than anything husband and wife have to be on the same page. Love what you shared!

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  10. I couldn’t agree with you more. I have raised my son without his father for the past 9 years and I have always been worried if I could provide the best future for him. Will I be able to help him fund college when the time comes? I think it’s important at any point in your life to get ahead with your financial situation. I am no longer working but when I did, I took the most of out my pay that I could to invest in my 401K so that my son could have something… Didn’t go as planned, but I am still working towards the best future for my son!

    And I agree, I hate talking or planning for the possible death of a loved one! It’s just no fun!! My mom tries to crack jokes and I just wish she wouldn’t.

    Reply

  11. Financial security is a challenge for many families, both married, single, or single parent. Great post to help single moms be able to provide that financial security for them and their family. Thank you for sharing some insight into helping women learn about their future finances!

    Reply

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