The Start of My Journey

Good Morning!

When I first started on Financial Planning, I noticed that most planners work with men (at least, in this part of city). Does that mean men are more financial savvy? That makes me wonder about their wives and all ladies in general, regardless if they are homemakers, career women, business women, single, married or even single mothers. Are they as financial savvy too?

The whole idea of “Financial Planning for Women” started brewing in my mind when I first attended a seminar on that topic. I was shocked to discover that more than 60% of women around the world would become single (again) by choice or circumstances. The number could have gone up since then, maybe? For those who left all financials to their partners till then, they would be caught off guard when there is change to their domestic landscape. Then what?

Sadly, I had personally witnessed friends going through rough times after a divorce or becoming a widow, mostly with young children.  One can only imagine how hard it was going to be. All felt that something should have been done much earlier, to tide them over this difficult period. To allow them time to come to terms with emotional issues without having an additional baggage of financial issues to deal with. At that point of time, like it or not, she has to make life adjustments, trying hard not to compromise their lifestyle and children’s education. But, many have to make sacrifices, which most of the time, met with resentment from her children. Imagine a woman’s journey at that point of time. One can only pray for strength and patience….

After knowing and watching what people around me went through, it is my burning desire to educate and share my knowledge with fellow ladies to make them more prepared. Just like my motto as a Girl Guide and Ranger, which I practiced to this day, always BE PREPARED. Of course, we can’t plan a plan which is 100% foolproof. At least with a plan, the impact would not be as great. Just like having an umbrella for rainy days. It may be big enough to protect all from getting wet; maybe it could be a bit smaller whereby everyone has to squeeze in, feeling very uncomfortable, but everyone’s kept out of the rain. Now, you’re probably thinking what I’m thinking.

So, woman, please start getting your financials in order and get to know your inflows and outflows so that you won’t be caught off guard. It is always good to be aware of your environment. In a more positive light, you could also be helping your beloved partner to carry out some administrative works (pay bills, cheque books, etc), to free his mind for more important stuffs at the office.

Wait a minute…you’re overwhelmed? I know that in every household, the lady of the house would have so many things on her plate already. Take care of business/career, husband, kids, maid, in-laws, etc. and now finance?! Go easy on it…take a baby step at a time, if you like. At least, take the very first step to the financially savvy you. What’s insured for and what’s not. What have you and partner invested for, thus far, and saving for the children’s education and your own retirement. It’s something very close at heart, not to worry. We women are so adaptable. Take it as a new challenge for 2011. For those who have done it, Good For You and Keep It Up!!!

Hope I have left some thoughts for you to ponder this week. Remember to flash that beautiful smile always. You look great in it.

Signing off.

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