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Published on: 11/7/2007
Last Visited: 12/2/2007
TODAY's finance editor Ross Greenwood and financial empowerment coach Linda Coates join the show to offer tips on how to better organise your finances.
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They are the fastest growing sector of the property market and are investing in shares more than ever," explains Ms Coates.
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"Women usually excel at looking after the needs of others, but they need to realise no one is looking after their future," says Ms Coates."Women need to put themselves first."
"Women face some unique struggles when it comes to finances because of the different situations they face during their lifetime, each with financial implications," she says.
"Women move in and out of paid labour force more frequently, traditionally bear the main responsibility for rearing children and take on the added financial burden of caring for aging family members," she explains.
"This is the biggest financial challenge women face," says Ms Coates."Women need to start with how to establish financial independence when they are first starting out, then how to maintain that financial independence in marriage, how to survive a divorce or death of a spouse and how to invest with confidence to ensure a secure retirement."
"There are several ways women can take charge of their finances," says Ms Coates.
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