It is important for every woman to be financially independent in today’s world. The sudden pandemic brought with it several financial hardships for many families across the globe due to lockdowns, curfews and other coronavirus restrictions. Men who were sole bread winners of their families really had a tough time to make ends meet. This is why financial independence becomes very important for women to step up and become support the family in times of need.
Though the pandemic is one recent reason for women to seriously consider the above today, there are a host of other valid reasons for financial independence of women, and this post will delve into them below.
Thanks to the advent of the Internet and the rapid dissemination of information, women can discover ways to earn money from the comforts of their home. They need not take a 9-5 job especially if they have young kids or other domestic responsibilities at home. They can opt for several freelancing projects or even undertake a hobby that will earn them money online. For instance, they can sell handicrafts on eBay and other sites that encourage home-based entrepreneurs to sell their products online.
Rising costs of living is a big trigger for financial independence
If you look around the world today, there is steep inflation and so the cost of living has increased. If one person earns in the family, it is really hard to make both ends meet comfortably. This is another reason as to why women should step up and embrace financial independence. The efforts have to be more proactive so that the family benefits and they are able to live decently in a world of steep inflation. As all women love shopping, having financial control helps them to do the shopping they love with open hearts. Obviously we don’t imply emotion spending and over shopping here as they are a definite no-no.
Self-respect & dignity
Yes, this is another reason as to why women must be financially independent. Some men mistreat their women just because they are unable to contribute to the family expenses. Some men are egoistic and they believe they are offering the woman a favor by feeding and taking care of her financial needs. This can damage the self-esteem and dignity of any woman.
She can sink into depression and lose the feelings of self-worth. This happens a lot in several households. This is why women should step up and become financially independent. As mentioned above, the Internet gives them this opportunity, and they do not have to even step out of their homes, if they do not want to in order to become financially independent.
Women should start placing themselves first over others
It is high time women should recognize their own worth and value. They should stop considering themselves as the “weaker sex” and depend upon a man to look after and maintain them. A financially independent woman is strong and the whole family looks up to her. She sets a positive role model for her kids and they learn the lessons of self-respect and worth early in life.
Investing is also important
Besides being financially independent, women should also save and invest their money for wealth building. If you are a woman, you can always use the 10% of your earnings rule for saving every month. For some women, investing this amount might be small however, it does add up in the long run.
In case, you are not sure on the best ways to invest, you can always consult a skilled professional in the field of financial management to assist you. In this way, you not only will earn money on a regular basis but you can invest your savings for wealth building in the future as well!