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What Every
Woman Should Know... Page 2
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FACT THREE:
THREE OUT OF FOUR WOMEN HAVE NO PERSONAL SAVINGS.
Women are natural savers. Security comes very high on their list of life's priorities and
yet so few have actually managed to save anything at all.
Others have put aside a little in a savings account which is fine for short term savings
but doesn't really offer a chance for the money to grow into a worthwhile sum. Many who
have saved watched the demand of the early years of marriage swallow up their nest egg and
never had enough incentive to replace it later on, thinking that everything would be
provided for.
FACT FOUR:
WOMEN LIVE LONGER AND SO HAVE A GREATER CHANCE OF BEING LEFT ALONE.
On average a woman can expect to live longer than a man. For a married woman the
implications are obvious but a single woman will also face the possibility that later in
life she will have fewer friends and relatives around. In neither case is this a time for
financial hardship.
Some women manage to lead active and fulfilling lives in their later years even when
living alone. But in the majority of cases these are women who have made, or made for
them, provision for their financial security.
My advice: Take responsibility for your own financial destiny. Make a commitment to
save something out of your paycheck each month.
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