Our grandmothers and maybe even mothers told us that one day we would meet out handsome prince and all would be well in the money department. The media have perpetuated this myth. Just have a look at some of the old fifties sitcoms. A quick survey of women in their forties will reveal the blunder of thinking that a wedding ring guarantees financial security. Here are some money myths that women need to banish, forever.
Money management is the preserve of experts.
It s simply too complicated. Good money management skill is about common sense not mathematical ability. A little bit of knowledge and commitment to a savings plan goes a long way to getting you on track. If I get involved in the finances my husband will think that I don t trust his judgment. If you do, you will not only spend retirement in poverty, you will have to shoulder part of the blame.