Personal finance tips for women to turn their financial life around….

Why do so many women hand over their finances to their spouse or partner? Why do so many women spend more than they make every month and become mired in debt? There is a relation between a woman’s personality traits and the money habits that she possesses. An optimistic outlook and an assertiveness to change are the two qualities that tend to inspire smart financial habits in a woman. If you’re a woman who needs to improve on your finances so that you can pull yourself out of debt, follow thepersonal finance tips mentioned below.

1. Stop being emotional while lending money: Women are known for their emotional nature and this often eats up your savings account. Don’t make the mistake of succumbing to the requests of your friends and family of lending money randomly. This will lead you to committing emotional money mistake. Therefore, think twice before you say ‘yes’ to such a friend, though your gut says ‘no’.

2. Save money for yourself: If you don’t have enough money to save for your future retired life, then buck up and save money. Most women think that they are actually helping their offspring by paying off their college costs and tuition fees. But the fact is just the opposite. If you retire with no sufficient money to support your family, you will gradually become a financial burden to your family. In the US, there is variety of loans that are available for paying off student loan debts but no loans for the purpose of retirement.

3. Keep your finances to yourself, don’t hand it over: It is often seen that most women hand over their personal finances to their husbands or partners. They tend to be too lazy or are scared to handle their finances on their own. This is a financial blunder committed by most women. If you manage your finances on your own, you tend to remain more actively participated in it and you can also monitor your bills and investment returns. This is one of the most beneficial of the personal finance tips discussed here.

4. Build an emergency fund: Without an emergency fund, you will tend to incur huge amount of credit card debt, if you suddenly go through a job loss or an unexpected bill. Therefore, it is very important to build an emergency funs, from which you can borrow money during emergency.

Your financial security depends on your attitude towards money management. Keep your financial future in your hands and follow the personal finance tips to handle your finances and avoid falling in debt.

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Sanjeeb was born with six toes on each foot. The extra toes were removed before he was a year old, robbing him of any super-powers and ending his crime fighting careers before it even began. Unable to battle the forces of evil, he instead work as a professional in Digital Marketing arena, currently living in Kolkata, India. Founded sanjeebpanda.com with the purpose to share his experience and interesting tech news. Connect with him on
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