WILL YOU HELP YOUR DAUGHTER BECOME FINANCIALLY AND PRACTICALLY SAVVY TO INSURE HER FUTURE?
All pertinent data suggests that many of the financially savvy women today
have had a firm educational base in financial and/or business education.
Are you confident your daughter can make sound financial decisions?
According to a 2001 report by US General Accounting Office all financial education studies report the significance of learning this process early in life. The report highlights how 33% of surveyed students had a credit card before they entered college, and another 46% acquired a credit card in their freshman year of college. Used wisely, credit card can help students establish sound financial habits and a positive credit history. However, students who lack financial knowledge may make poor decisions that can take years to correct. Is your daughter ready to make sound decisions about her credit card?
How “financially- educated” is your daughter?
A 2002 survey by the Jumpstart Coalition for Personal Financial Literacy, a Washington, D.C., partnership of government agencies and not-for-profits, found that high schools seniors know less about money than their counterparts did five years ago. In fact a recent Boston Globe reported research shows that “young adults spend 30 cents of every dollar they earn servicing debt, while their annual bankruptcy filings have increased 51 percent over the last decade.” Is your daughter ready to make independent financial decisions?
Why is it so important for women to learn to become financially independent?
Most young women see their fathers tending to the financial affairs in the house, and grow up believing that “men” should make financial decisions. Thus when they face a life crisis, they are unable to handle their financial affairs.
The Young Women’s Financial Network offers a program that ensures
that young women never fall in this trap by providing them an opportunity
to gain a sound education in personal finance.
REMEMBER …..KNOWLEDGE IS EMPOWERMENT!
