Sanlam : 5 Best Money Moves for Women

3. Make sure you have enough for retirement

Because women are likely to live longer than men they have a longer retirement period to fund. It's therefore vital to start saving as early as possible. Yet, in formal employment, women often earn less than their male counterparts and tend to take career breaks to raise children. So asking women to save more under these conditions may seem like asking for the impossible. Most would need to choose between saving for retirement and other important goals like saving for their children's education. If you have to choose, consider that you can borrow to fund your children's education, but you will not be able to generate an income after retirement and therefore you cannot borrow for this.

4. Actively manage your day-to-day finances

If you haven't done so already, draw up a budget so you know exactly where your money is going each month. Carry less cash and leave your credit cards at home unless you need to make a planned purchase. Beware of luxuries dressed up as necessities and watch out for cash leakage. Decide on a realistic amount to spend on entertainment and personal expenses and stick to it.

5. Save, save, save

A very important money move is to try to free up spare cash for savings - so you can go on a trip, study further or just treat yourself to a manicure. It is not always easy, but there are clever ways to do it.

The theme of this year's International Women's Day on 8 March is #BeBoldForChange. Women around the globe are being called on to help forge a better working world.
https://www.internationalwomensday.com/