There's never been a better time for women to take control of their financial futures. Even if financial equality has not been achieved, women are more financially successful and independent than ever before. With that success comes more responsibility to organize and manage their financial health. Women are starting new companies at twice the rate of men, according to the National Foundation for Women Business Owners.
Women tend to be better investors than men.
According to a recent study by the National Association of Investment Clubs, women's investment clubs outperformed their male counterparts by a wide margin in 9 out of 12 years. While more women today are taking charge of their financial future, many leave money management to men or ignore it altogether. As a result, far too many women stay on the sidelines of the money game and never take charge of their financial future. At first glance, it may be difficult to believe that women's financial needs are all that different from men's. However, while the general principles of financial planning are universal, women face unique challenges that amount to different financial needs.