Janet Bodnar Money Smart Women

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It is evident that women and men play separate roles. That being said both men and women will face different financial implications during their lives according to Janet Bodnar, author of Money Smart Women. Bodnar says, “They have a longer life spans and more checkered work careers, moving in and out of the paid labor force more frequently” (Bodnar, 2). She also mentions that women who have gotten married become more dependent on their spouses to be the financial providers. As women begin entering motherhood they feel that it’s important to not only make raising children their main priority, but also feeling financially stable. It is also a women’s role to help others, which can turn into more finances when becoming a caregiver. While men play the role as the financial leader and provider for his spouse and family. With that being said it’s easy for women to become dependent on others financially, but we must be prepared for unfortunate events such as a divorce, or widowhood. Bodnar says, “For women, being Money Smart is a state of mind in which you’re confident of your …show more content…

This phase of your life you must first decide if investing or paying off your debt is more beneficial. When you first start investing it is important that you wait to invest till you feel financially ready. In the article “5 Steps to Start Investing” by Stacy Rapacon it breaks investing down into five easy steps. The first step is figuring how much money you are able to use for short-term and long-term goals. The second step to is to figure out how risky you want to be in investing. The younger you are the more risky you are able to be. Third step is creating a diverse portfolio that includes stocks and other investments. The fourth step is picking a place, whether that is through a retirement account or opening a separate account. Lastly, you are ready to begin investing. Once you have started investing you are ready for

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