by Lxmecommunity on Oct 21, 2022
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A community of women that help you 1. Learn the basics about investing2. Earn money from home3. Invest in the right tools4. Borrow from the right sources 5. Spend wisely - using golden budgeting tips
Considering potential life changes, like starting a family or caregiving responsibilities, how should I adjust my financial plan to accommodate these factors?
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321d
・answered 321 days ago
Hey! As a woman, we carry lots of responsibilities so, every woman should plan for 3 critical goals: Emergency fund, retirement fund and child education fund. - Emergency fund is a necessity to manage any sudden or unexpected expenses such as job loss, unplanned expenses arising, etc. You should create an emergency fund so that in the future you don’t have to pressurize your savings. It is equivalent to 6-8 months of your monthly expenses. - Retirement Fund is necessity especially for women because women lives longer than men, they face gender pay gap, need to take career breaks for taking care of family or starting a family. So, it is important to have your retirement plan in place, so that you are at least financially relaxed during retirement. - Child education fund is important because as a parent we aspire that our children should have brighter future and you need to plan and invest as education costs are rising. - You can plan & invest for all your goals through LXME portfolios.
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