Which spouse has the final say in budgeting? In our time of growing emancipation from all sides, the answer to this question no longer seems obvious to many. But if you know about your most vulnerable “points”, then you will have more chances to avoid serious financial losses and take place in your business in a relatively short period of time.
We present to you the top 10 most common female financial mistakes.
10. Do not sign what you do not understand
Do you easily sign your tax return on comprehensive income without even bothering to read the document? Such legal carelessness becomes a big problem for lawyers during most divorce proceedings. Of course, you love your spouse and trust him in everything, but if he brings you a declaration at the very last minute, and urges you to sign without reading, then with a high degree of probability this suggests that he has something to hide. Never sign legal documents without first reading them! This is an axiom. Remember her and follow her all your life. Otherwise, you can not avoid serious problems.
9. Do not delegate all rights to the partner
Of course, even in our progressive age there remained women supporters of “house-building”, who believed that her husband can be entrusted with undivided control over finances and not require a report on expenses. However, there are many women who want to take part in the distribution of spending, or at least know what the total money is spent on. It is possible that you and your spouse will live together until the end of days, never thinking of a divorce. But everything happens in life. In a situation, if at some point your paths diverge, it is better not to have additional problems with the exhausting sharing of property.
8. Do not be afraid to take risks
Nature created women less gambling - perhaps that is why the fair sex is much less likely to suffer from gambling. At the same time, do not forget that who does not risk, he does not drink champagne. The world of finance is so structured that avoiding even a slight risk, you set an obstacle to your success. Therefore, if you decide to compete with men on “their territory”, then you need to at least borrow a little of their business qualities.
7. Do not forget about future earnings
You should not make a final decision on the advisability of continuing professional growth, guided only by the level of current income. Often, women complain that if they leave their jobs and decide to devote themselves completely to their family, they will certainly lose so much money, and the remaining ones will be enough only to pay for the services of a nanny. Similar reasoning is not very competent.
If a woman wants to return to the place of service a year after the birth of her child, her salary will be limited to 84% of the amount she received before maternity leave and 50% if she will stay at home with her child for three years. These changes are due to the fact that over the entire period of your absence, the salary of employees has gradually increased.
6. Feel free to ask again
As you know, in the eyes of most society, a girl who, to put it mildly, does not differ in high intellectual abilities, may well bring this drawback to the level of coquetry, and even become even more attractive for a certain category of representatives of the opposite sex. But at the same time, many ladies are very afraid to look stupid in the eyes of colleagues and therefore do not ask for clarification on a particular issue, if certain aspects have remained incomprehensible to them.
Do not be shy to ask for advice, afraid to seem stupid. A person who lacks professional experience, but who is attracted to new knowledge, looks much more profitable in the eyes of the team than a self-confident fool who does not listen to anyone except himself.
5. Do not trust your husband’s financial advisor unlimitedly
If you and your husband have a common financial consultant, and you regularly resort to his services, pay attention to the extent to which this person is interested in protecting your interests. Perhaps, first of all, he is guided by the interests of your spouse, even to the detriment of yours, because, unfortunately, in our time, not many people tend to perceive a married couple as a whole.
If you do not have confidence in this person, it is better, in order to avoid conflicts in the future, find yourself a personal financial consultant who will definitely protect your interests.
4. Invest in accordance with your principles.
Invest in projects that do not contradict your beliefs. Investment can also be one of the tools to express one’s position and views. The economy is constantly evolving, and nowadays you have the opportunity to dispose of funds, proceeding not only from mercantile considerations, but also from some fundamental issues for you.
3. Do not neglect insurance
Unfortunately, most citizens of our vast country prefer to live by the principle: “Until the thunder strikes, the man will not cross himself”. Units prefer to do everything possible so that this thunder does not strike at the most inopportune moment, and all the rest then bitterly repent of their frivolity. Therefore, do not neglect the opportunity to “lay yourself a straw” in advance, and not wait for that “fried rooster”.
2. Consider lifespan
At the moment when you are making a long-term plan of financial investments, then keep in mind that according to statistics the life expectancy of the weaker sex is longer than that of men. It is very likely that you will be able to live at least 6 years longer than your half. Did you take this nuance into account when preparing your financial plan?
1. Get rid of stereotypes
You do not need to adjust this or that situation to a specific template that has been formed in the process of your life, while allowing yourself to think wider and wider. Try to make your experience help you move towards professional growth, and not serve as unnecessary ballast.