Top financial management tips for women

Top financial management tips for women

1. Plan your expenses for a given period and monitor if you have spent more than you originally planned.

2. Divide the money into specific accounts for specific purposes and relate each account to an area of your life.

3. Money is too volatile to focus only on saving. Aim to accumulate to invest, generate returns and more income.

4. Seek to protect yourself through insurance on your business, life and other assets.

5. Think about tomorrow: It is never too early or too late to design a retirement and savings plan.

6. Build and consolidate your credit history to show that you’ve been responsible and made timely payments before.