Outlook Money
Financial planning is very important for everyone to become independent and financially stable.
Financial literacy is very important for everyone to plan for a stable retirement. Women should focus on early saving, understanding investment options, budgeting, and concepts of social security and pensions. This ensures long-term savings growth.
Financial literacy is very important to understand as not understanding can lead to common mistakes when planning for retirement. Apart from focusing too much on saving, one should also keep investing and planning for healthcare costs.
Women should get professional help from a financial advisor to calculate their expected expenses and set realistic savings goals for the future.
It is advisable to seek help from an advisor to customise a plan as everyone has their own unique financial goals and needs.