7 Critical Considerations for Women

Independent Financial Planner, Zanne St John Marchmont, explains why women need to take their own financial planning seriously to protect themselves and their family.

 

FOR most busy women financial planning often comes low on a very long ‘to do’ list. However, with more women working and their income being just as important as their partners, there are some important aspects to consider:

1 How would the children be looked after if I were seriously injured or died?

2 What would happen if I were suddenly unable to work and bring in my income?

3 What future plans could not be fulfilled if my income stopped?

LIFE INSURANCE: It is usual, even today, that a woman is responsible for the majority of the child care, the shopping, washing, taxiing to and from school and clubs etc. To employ someone for each of these services and pay them the going rate would be astronomical, but many women fail to insure themselves.