When you think of what Kim Basinger, Judy Garland and Toni Braxton all have in common is your first thought, “These are all women who have suffered from a lack of financial education that led to their filing for bankruptcy or going broke?” Maybe not, but they do have this in common! The course of events that can lead to financial struggles in our lives has to do with not following basic rules such as, not spending more than we take in, sticking to a budget consistently, and saving.
It does not matter whether you have a high or low your income; the facts show that many of us are not doing a good job managing our finances. With 67% of American families living paycheck to paycheck all of us need to become more financially fit.
On a daily basis 79% of women stated that they feel stress because of their finances. Would you be surprised to know that “stress” is one of the factors that can increase your risk of heart disease? So how can we reduce this financial stress? With simple money management knowledge, that stress can be reduced significantly. With Heart Disease being the number one killer of women, and financial stress affecting so many of us, it is critical that we deal with this stress and become financially fit.
A simple first step is to have the Money Talk with yourself which means write down where all the money is going. I love mint.com it is a simple way to get started and have that all important Money Talk today – you can check them out at https://www.mint.com
In addition check out the facts about stress and heart disease at the American Heart Association.
Do something healthy for your heart and your finances today!
Jayne Black, Mrs. Wisconsin Galaxy 2012 - Founder of Saving Smart for Five Generations, International Women's Finance Coach, Professional Speaker, Writer, "Fellow" at the Wisconsin Women's Policy Institute