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Do Too Many Women Still Rely on a Man for Their Financial Plan?
Do too many women still rely on a man as their financial plan? Kathy Longo, certified financial planner and author of Flourish Financially says, yes. According to a CNN Money article, a report from USB found that 56% of married women leave investment and long-term financial planning to their husbands and 85% of women who defer to their husbands feel that their spouses are more educated on financial matters.
As a financial planner, Kathy Longo has seen first hand how major life events like divorce, job loss, or death of a spouse can reveal major surprises for women who were not active in their household financial planning. Many are shocked by crippling debt, sparse savings accounts, and bad credit. Situations that can keep them from living their best life.
What can you do to be more informed and active in your financial planning? We chat about it on this episode of Life in HD. Give a listen and learn what you and your spouse can do to plan your future together.
To learn more about Kathy Longo, visit: Flourish Financially or Flourish Wealth Management.
Music in this episode: Love Me Forever by Audiobinger under Attribution-Noncommercial Creative Commons license.
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