It’s easy to get caught up in the moment when it comes to your finances. You have bills to pay now, items you want to buy now, priorities and goals for your family that need to be addressed NOW. But it is more crucial than ever to focus on your future and retirement planning. According to financial expert Suze Orman, “Every financial worry you want to banish and financial dream you want to achieve comes from taking tiny steps today that put you on a path toward your goals.”
This fact is especially true for Latina moms, who not only earn less, according to studies, but who also struggle to balance their work life with their household. A recent MassMutual survey showed that 34 percent of Latina moms don’t feel that they are not doing enough to save for the future. Nonetheless, many of these moms are taking smart steps to take control of their finances. They are doing a lot of things right to better prepare for their futures, and here are 10 ways we can all learn from them.
1. They Make Sure They’re in the Loop
These women are taking an active role in their financial affairs, making sure that they not only understand their financial situation, but are also a part of the decision making process when it comes to how and what to save. Being aware and educated about your finances is the first step to ensuring a more secure future.
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