A modern woman must be financially independent. Economic independence helps women become confident, attractive and happy. But for women, the path to financial independence will be much more difficult due to having to balance work, family, and children. Learn the secrets for women to become financially independent and build the best version of themselves.

1. Why should women be financially independent?

Money cannot buy happiness, but to be happy you must have money. Therefore, many modern women have a very early awareness of personal finance and pursue financial independence from a young age. Economic independence helps women live a free and comfortable life with many great benefits.

Women who make their own money can pay for living, tuition, and entertainment expenses for themselves and their children, affirming the role and responsibilities of a wife and mother in the family.

When you are not financially dependent on your husband, parents or anyone, you will have a voice in the family and be heard by everyone.

When economically independent, a woman can freely beautify herself with the money she earns, without having to ask, ask permission or pay attention to other people’s faces.

Working and having their own source of income will help women interact and interact with many people, helping to expand their knowledge and increase their income.

Therefore, even if a woman is lucky enough to be born into a well-off family, with a rich husband and in-laws, she should still strive to work and have a minimum income enough to support herself. .

2. Characteristics of a financially independent woman

Surely you have heard that financially independent women are always happier than women who depend on others for money. So how to recognize a financially independent woman? Notice the following characteristics:

That is a woman who radiates confidence and attraction, strength and intelligence.

They often make their own money and support themselves comfortably.

Whether married or unmarried, they always have an independent life, do not depend on others, and are not influenced by others to do unwanted things.

It can be said that economics is a strong fulcrum for women, helping them to be confident and shine, and to be respected both inside and outside the family.

3. How to help you become a financially independent woman

Women need financial independence – Financial independence does not mean you have the freedom to spend comfortably when you are young, but you also need freedom when you get old, having enough “capital” to spend when you get old. You don’t have to ask your children or grandchildren for money or wait for subsidies.

To do so, women need to pay attention to the following 5 things:

Always manage spending effectively

First, to be financially independent, you need to clearly understand your financial situation, track your monthly cash flow to evaluate your spending habits. Even though you know how to make a lot of money, spending wastefully will leave you with no money to accumulate.

You can record your expenses in a notebook, create a Kakeibo book, or use a financial management application or create an Excel spreadsheet to track the amount of money spent daily, weekly, and monthly to evaluate. What spending is legitimate and what is unreasonable and needs to be adjusted.

Get into the habit of never spending more than 80% of your total monthly income.

Build and maintain savings habits, create an emergency fund

Set aside a savings amount from your monthly income, at least 20% of what you earn. Financial experts always recommend that people build an emergency fund for themselves in case of unexpected risks.

This reserve fund must be enough for you to cover necessary expenses for at least 3 to 6 months. Savings play an extremely important role, helping women be strong enough to overcome the worst times such as broken marriages, job loss, illness, accidents…

Women need to invest in improving their own value

You are your greatest asset, if you don’t love yourself it will be difficult for others to love you. Therefore, invest to improve your self-worth from appearance, health to education.

A person who focuses too much on beauty and forgets to equip himself with knowledge will not really gain respect from others. However, a person who works so hard at studying and forgets to beautify themselves and take care of their health is also unlikely to have true happiness.

Being too dependent on her husband, considering her husband and children as her entire life, and misunderstanding the virtue of sacrifice will make a woman like mistletoe, dependent on others.

Don’t hesitate to take the time to pursue a course (beauty, cooking, makeup…) or spend time exercising (Yoga, Gym, Aerobic…) or travel with friends to relax and recharge. energy.

Learn how to invest financially

Knowing how to invest will help you have a passive income source, promoting financial independence. 

Investment channels that women can participate in such as stocks, bonds or real estate, opening an after-hours business… will help women increase their income.

Plan early for old age retirement

You need to plan for retirement as early as possible, it will make your saving process easier. For people working in private enterprises, insurance premiums are usually not too high, so pension levels are also modest.

You need to learn how to save for retirement or invest to bring in passive income to have a stable source of money when you get old. For the elderly, the elderly do not have to worry about money and will have a peaceful, carefree life, truly retirement.

4. Secrets to help women balance work and life

When women want to be financially independent, they will face more challenges than men because in our country there is still a male-dominated ideology. In the same job, women are often paid lower than men, while their career progresses more slowly due to having to spend time giving birth, taking care of children, and taking care of the family…

Because there are too many jobs, the time for women to learn and strive for a career is quite limited. Having to balance “domestic work” and “housework”, being both a good wife and a good employee makes women quickly exhausted, so learn how to balance work:

Plan your daily to-dos

Take notes of what you need to do every day and plan to allocate tasks appropriately. Although work is important, don’t forget to take time on the weekend to recharge with your family after a hard week.

Maintain self-care

Mental health is equally important as physical health. A happy woman can bring happiness to others, on the contrary, you cannot bring joy to anyone if you are always tired, stressed or disgusted with life.

Get rid of the thought that you have to do everything perfectly: The house is neat, you have to raise healthy children, you have to teach them well, you have to cook well, you have to be good with your husband, you have to be beautiful and knowledgeable. , being an excellent employee… This makes many women stressed and irritable when things don’t go their way. Take time to relax, buy yourself a beautiful dress, a trendy lipstick and take care of yourself every day to wake up with a full “energy tank”.

Divide housework with family members

Don’t take on everything too much, share housework, domestic and foreign affairs with other family members so you have time for other important things. Sharing housework together is also one of the ways to help family members bond and understand each other better.

It is not easy to become a financially independent woman, however, the secrets  we share  hopefully can partly help women balance taking care of themselves, making money and taking care of their family. family, building the best version of yourself.