Looking for lifelong financial learning? Here are some great resources
â€œFinancial literacyÂ means being fluent â€“ able to speak, read and write â€“ on the topic of money.â€ In todayâ€™s world, all of us in the United States are at a disadvantage when it comes to personal finance and financial literacy â€“ but why? Although there has been improvement over time, the K-12 education system in the United States has emphasized “pure” math over the applied math and economics of personal finance education. This lack of education makes it difficult to see bank statements, credit card agreements and other financial documents in their wider financial context.
Fortunately, there are some great online resources. Today, let’s look at some highlighted byÂ credit.org to help women develop skills and educate themselves on how to conquer their personal finances with ease:
- WIFEÂ – The Womenâ€™s Institute for Financial Education, or W.I.F.E., is a non-profit organization for women seeking financial freedom. Youâ€™ll find info on all aspects of a womanâ€™s financial life, including divorce, widowhood and retirement.
- Working Mother MagazineÂ – Working Mother Magazineâ€™sÂ website offers great free articles and resources for women trying to balance raising a family as well as full-time work. Itâ€™s a great website for those looking to positively enhance their attitude in their everyday career.
- Daily WorthÂ – Daily Worth is one of the webâ€™s most popular resources for women. Their goal is to see that women see money as a symbol of financial freedom, not stress or anxiety.
- WiseUpÂ – WiseUp is offered by Texas A&M University for â€œgeneration X & Yâ€ women. Their online course is free and includes 8 components, with subjects ranging from money basics, credit, savings, and investing. Once you register, youâ€™re all set to go!
- Ms.Money– Â Ms.Money offers â€œfinancial peace of mindâ€ for women, including â€œLife Purchase Guidesâ€ for buying a home, car or getting insurance. Their â€œWomenâ€™s Cornerâ€ Underscores the importance of these kinds of online financial resources
AÂ recent studyÂ from Columbia University found that weâ€™re bogged down by more than 70 decisions a day â€“ so why not strive to make those that are finance -related a little easier to bare? Despite consistent strides in education and in the workplace, women continue to feel less confident when it comes to making financial decisions. However, a little more study on the topics of budgeting, saving and investing may be able to help put some of those insecurities to rest. Although many women handle many of their familiesâ€™ day to day routine money management responsibilities, like paying bills and purchasing decisions, they still struggle with being financially literate. Thatâ€™s why nonprofit organizations like Savvy LadiesÂ are here to help provide free financial education resources to help empower women to achieve financial independence. To be aware of how to handle your finances to create the lifestyle youâ€™ve always dreamed of is to have financial freedom â€“ which is what we all want in the end, right?
When youâ€™re all done checking out those great online resources, money.usnews.comÂ offers some additional financial tips for women as well:
- Donâ€™t let relationships sabotage your finances.
- Focus on earning
- Pay off debt
- Look for creative money sources
- Overestimate your money needs
LendingPoint is a personal loan provider specializing in NearPrime consumers. Typically, NearPrime consumersÂ are people with credit scores in the 600s. If this is you, weâ€™d love to talk to you about how we might be able to help you meet your financial goals. We offerÂ loans from $2,000 to $25,000 with terms from 24 to 48 months, all with fixed payments and simple interest.