Page 7 - Q1 2021
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It is important to note at this point that financial

                  independence means different things to different people or
                  ladies in this case, depending on various stages of life.





         where your money is coming         financial goals set in step one    you in short-term emergency
         from and where it goes. This is    above.                             situations, such as hospital bills
         important to help gain financial                                      not covered by insurance, major
         dependence. Again, you may         Boost your savings and             car repairs, unexpected laptop
         need to document this as this      build emergency funds.             malfunctioning or loss of a job. If
         step requires diligence and        Once you are in control of your    you have some funds saved for
         consistent updating, but it’s an   cash flow, you need to get         these little mishaps, your monthly
         illuminating and empowering        serious about saving. Financial    budget won’t be too thrown off
         exercise that will enable you truly   experts suggest that you should   and you can still stay right on
         understand the activity of your    save up to 20% of your income.     track.
         hard-earned money. This will help   As a woman, you should even
         you set budgets and track your     push yourself into saving a little   Eradicate debt and plan for
         assets and debts over time. When   more than 20% if possible. Most    retirement. Avoid unnecessary
         you are fully aware of our monthly   importantly, you should stash    debt as much as possible. If you
         cash flow, you can determine the   away a three to six months         are already servicing one, be
         areas of spending to cut down      emergency fund just in case        very focused and draw up a plan
         on so that you can achieve your    anything happens. This will help   to pay off such debts. Also start



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