Women own less, save less, carry more debt, and are less financially literate than men. That changes now.
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We asked you to vote on a question you’d like answered. The winner was:
How can I financially prepare for divorce?
FEATURED EXPERT:
Stacy Francis
Certified Divorce Financial Analyst (CDFA)
The most important thing is to get on top of your finances. Understand what your income is and what your spending is. Use resources like Mint or YNAB to start tracking what you have coming in and going out. Then, get an understanding of your assets and your debt (that’s often a big surprise for people). Take a look at your house on Zillow to get an estimate of what its value might be. Get copies of your checking and savings account statements. If you're unsure of how much you have in brokerage accounts, go to your tax return and look under the area with dividends, capital gains, distributions, and interest. Often those accounts will list the name of the financial institution where they're located. Try to put as much information together as possible before the divorce proceedings start.
This interview has been edited and condensed for clarity. You can read an extended version here.
money win
An inside look at how women are building wealth.
“After almost five years in the same position at work, I learned I had been eligible for a promotion since completing my second year. I wasn't sure if I was fully qualified, but I worked hard on my application portfolio and got the promotion! I now make an extra $3,000, which I plan to put toward home repairs I've been putting off.”
— Marissa D (PA). Knowing your worth and putting in the work always pays off.
Scored a raise, saved up for a big purchase, or reached another money goal? Tell us about it here. Quotes are edited and condensed for clarity.
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Kim Saira is a graphic designer as well as a somatic healer, sound healer, and soul purpose coach who knows firsthand that investing in your health can pay dividends. The latest addition to her self-care tool kit: a naturopathic health care provider. Below, she gives us the lowdown on how investing in a holistic approach to her health is helping her thrive.
Tell us about a recent investment purchase.
I recently made one of the best investments I’ve ever made toward my health by seeing a naturopath. I was undergoing gut, hormonal, and emotional issues, and investing in a naturopath who can help align my physical, hormonal, and emotional needs has made me feel so seen.
How much did you spend on it?
My subscription is $125 per month for 12 months.
Why do you consider it a good investment?
I truly believe that investing in your own health, body, and wellness is one of the best investments that you can make. You aren’t replaceable, and you deserve to feel taken care of, inside and out!
Answers are edited and condensed for clarity.
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