This is part of a sponsored collaboration with Prudential and DiMe Media. As always, opinions are fabulously my own!
What happens when you put 8,000 powerful women in one place? It’s called the Texas Conference for Women! I was invited to attend on behalf of Prudential and learn ways to #ownmyfuture and secure my finances. If you know me, I am an avid believer that we, as women, should always find ways to improve ourselves. Life can pull you in so many directions but how can you stay on a path to do this with all of the competing priorities in life?
Life has taken me in many directions in every stage of life, from financial security to financial stress and back. I think the most important thing to remember about each situation is to know that you can change it if you want to. It’s so faux pax to discuss financial struggle or lack of education and it shouldn’t be! Sorry Ladies, there are too many free resources and companies like Prudential to help you that you can no longer use that as an excuse. I have put together a list of some easy ways you can start to own your financial future along with the best takeaways from the conference.
1. Set goals!
This seems so obvious but when it comes to finances we sometimes let it go. We think if we don’t have money to invest we shouldn’t even bother. You can start by setting small goals in educating yourself on ways to help your financial situation. There are many things you can do that don’t cost a dime. For example, learning how to increase your credit score, learning about 401k’s online, or creating a budget are simple ways to start.
2. Track Your Expenses
Understanding where your money is going may help you see patterns, trends, and may encourage you to spend more wisely. My bank has a free service that tracks this and yours may as well. But please, don’t ask me how much I spend on food, it is embarrassing!
3. Think about the Future
Taking the time to think about retirement or college for your children can have a big impact on your financial security. You must come to terms with the fact that you cannot work forever and your child most likely will not pay their way through college. Sometimes you may get lucky and win the lottery or your child will get a full scholarship, but let’s plan on the worst-case scenario. If you happen to get lucky then that extra money can go towards fabulous shoes in your old age- LOL! Women on average, live longer than men and earn less than men so we need to focus more on getting everything in line now for the future. It’s never too early to talk about retirement!
4. Get Your Family Involved
Talking to your significant other or someone you trust can help you stay accountable. Accountability plays a big part in accomplishing goals and staying on track. Also, teaching your children about finances early can help prepare them in the future and get them excited about saving.
5. Make your Dollar Holler!
No matter what my financial situation may be, I have always looked for ways to stretch my dollar. How can I save with couponing or using apps like Ibotta (I’ve earned $80 this year on this app) and Groupon? What sales are going on this week? Little things like this form habits that stick for life. Learn to say no and even if you have the money, you don’t always need to spend it.
Big things always start small and you don’t have to conquer everything in one day. Just taking one step in the right direction can change your trajectory completely. Prudential’s Financial Advisors can help you with planning and educating yourself on your finances. The lines for the bathroom may have been long but the education, inspiration, and powerful messages shared were all worth it at the Texas Conference for Women! Ladies, Let’s take our future and own it!
Photography by Ashley Segura – New Mom in A New Era.
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