Guest Posts

5 Money Rules for Women

Having a freedom to run your personal finance as you wish is one of the most important feminist issues and it’s rarely discussed in depth. Some feminists feel that there’s something wrong to talking about finances as a feminist issue, since the whole financial system is male-centered.

Others, however, believe that taking charge of your money is also the best way to take charge of your personal and political freedom as well. When it comes to following the rules of personal finances, many of these rules are a bit different for women, since there are more obstacles to overcome.

Start early

There’s always a debate over how early a child should take care of their own finances. An interesting thing about it, that mature financial decisions are expected of boys much earlier than from girls. The best way to fix this is to simply, let girls take care of their allowance early on.

That doesn’t mean that a child should be overburdened with money. However, even in a preteen period, girls should have a small savings and the ability to decide how to use it and how to plan their financial decisions.

Divide your income

It’s important to assign different purposes to different portions of your income from day one. That way you know what you can work with and you have some wiggle room for planning. The most common way of dividing your income is into 3 piles: essentials, lifestyle, and the future.

It’s up to you to decide how much to put in each of these piles, but it’s usually divided along the lines of 50-30-20 percent. These percentages can change as your lifestyle does and it’s common for women to start saving more for retirement as it comes closer.

Quick cash

Even with all this planning, you should still have a plan for when you need quick cash in case of emergency. One of the ways of doing so is to be able to sell your car which could be done on one of those sell my car for cash websites like Carbiz.

Make sure that your honest about the condition of your car and that you’re able to describe it quickly and with attention to detail. It’s also important not to underprice it even if you need the money right away.


Young women often feel that it’s too early to think about retirement funds and that it’s best to use as much of your income as you can right away instead of putting it away. It’s a mistake to do so. The retirement should be something you plan for since your 30s.

It’s easier to start with a smaller percentage of your income and to increase it exponentially as you become more secure at your job and as retirement approaches. These contributions are matched by the employer up to an amount.

Passive income

It’s a good idea to start having a passive income source as soon as you’re able to create one. These are rather helpful for long term planning and security. They allow you to have something to fall back on if something happens with your job. The smart thing to do is to choose one that requires as little investing as possible as well.

The most common way to do so is to buy and sell stocks or foreign currencies. This can be done on your time and on a scale you decide, depending on the state of your finances.

These rules are simple and the can help women get financially independent and secure. The key is to make plans according to your abilities but also to look toward the future.

Authors Bio: Diana Smith is a full time mom of two beautiful girls interested topics related to home design and latest DIY projects. In her free time she enjoys exercising and preparing healthy meals for her family.

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