Women regard their finances as sacrosanct.
The Mzansi citizens casually regard August as women’s month. August 9th in particular; is recognised as National Women’s Day. This day commemorates the march of women in 1956 to protest the discriminatory Pass Laws, which required non-white individuals to carry identification documents and restricted their movement. National Women’s Day is an important holiday in South Africa, and it serves as a reminder of the contributions and challenges faced by women in the country. What a better way of dedicating this article to all wonderful women.
In recent years, women have been breaking societal barriers and making significant strides in various fields. Today, we witness an increasing number of women achieving financial independence and regarding their finances as sacrosanct. This article delves into the reasons behind this shift, the advantages it entails, and the tools available to assist women in attaining their financial goals.
- Rising Awareness and Financial Literacy:
Women have gained a heightened awareness of their financial rights and the importance of financial literacy. Women’s empowerment movements, educational initiatives, and advancements in technology have played pivotal roles in creating opportunities for financial education and encouraging informed decision-making. This growing understanding and acceptance of financial matters have led women to view their finances as sacrosanct.
- Breaking the Glass Ceiling:
Through determination and perseverance, women are now reaching higher positions in traditionally male-dominated industries. This progress has not only increased their earning potential but also paved the way for better financial planning and investment opportunities. With their financial aspirations at the forefront, women are keen on securing their future, funding their dreams, and having control over their own economic destinies.
- Shifting Societal and Cultural Norms:
Society has evolved, and traditional gender roles are being redefined. Women are no longer confined to domestic roles but are actively pursuing careers, entrepreneurship, and investment ventures. This shift in cultural norms has empowered women to take charge of their financial lives and view their finances to fulfill personal aspirations and create a positive impact in their communities.
- Building Emergency Funds:
Women understand that financial stability is key to achieving their goals and being prepared for unexpected events. Consequently, they prioritize building emergency funds to provide a safety net in times of crisis. This focus on financial security reflects a belief in the importance of self-reliance and the ability to navigate through challenging circumstances without dependency on others.
- Seeking Professional Financial Advice:
An increasing number of women opt for professional financial advice to gain insights into managing their finances effectively. Whether it is retirement planning, investment strategies, or estate planning, seeking expert guidance ensures a solid financial foundation.
This proactive approach to managing finances helps women make informed decisions and assert control over their economic wellbeing, further reinforcing the notion of financial sacrosanctness.
The evolving role of women in society is transforming how they view their finances. Women now regard their financial independence as sacrosanct, being proactive in planning their economic future, and breaking free from traditional gender-defined roles. With increased awareness, financial literacy, and access to resources, women are empowered to make informed decisions, pursue their dreams, and create a positive impact in their lives and communities. By regarding their finances as sacrosanct, women are embracing financial independence and contributing towards a more equal and prosperous society.
Content created by: Sydney Sekese, CFP® professional