Seven things women need to know about money

Ahead of International Women’s Day, experts share inspirational tips on how to transform your finances

The pandemic has transformed our relationship with money, nudging millions of people around the world to think about their safety net, examine their spending and start investing to fund long-term financial goals. Yet as we approach International Women’s Day on March 8, the narrative about women and money remains deeply depressing. The gender pay gap has widened; our pensions tend to be puny; we live for longer, spend more of our lives caring for others and all of this negatively affects our finances. Now the cost of living crisis is adding to our woes, with inflation eating away at cash savings while volatility returns to global stock markets. As someone who has been writing about finance for more than 20 years, I worry that focusing on the negatives is a further barrier to engagement. If the financial odds are so stacked against women, should we even bother? In the spirit of the 2022 theme “Break the bias”, I want to present some inspirational ideas about money that could shift your mindset. In the seven areas below, hopefully there’s a practical takeaway that women everywhere can act on. Thanks to the FT’s Financial Literacy and Inclusion Campaign, this article is free to read and share — so if you’re inspired by the expert suggestions below, please pass them on — and feel free to add your own in the comment field below.

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