As a woman, you always think of others in the first place. You give up your career, comfort and all things that ultimately give you a sense of security.
However, the time has changed. Women these days have finally realised that they need to have their own money. It is good to have family, kids, friends and relatives in life. But it is vital to have their own source of income.
Learn to earn and spend for yourself
Yes, exactly, you are earning and then spending on yourself. It is not about shopping for favourite things, in fact, much more than that.
Invest your money for the future. Whether you put money in savings, mutual funds or skill development, all is going to help you feel secure.
When it comes to women, nothing else can make them feel more secure than their own money.
Fortunately, these days, new-age financial solutions offer funds for many purposes.
You can get small business loans for women if you want to be your own boss. Get a loan through customised deals, repay hassle-free and take control of life and finances.
Here are 5 ways to teach you to be selfish for good while using money.
1. Financial independence = Personal freedom
As long as you are earning your own money and paying bills, you are free. The moment someone else does that for you, a slave inside you takes birth. This slave is the feeling of insecurity.
Depend on yourself for everything. From everyday needs to future financial security. The more financially dependent you are on others, the weaker your circumstances are.
2. Saying ‘Yes’ to others means saying ‘No’ to yourself
STOP APOLOGISING FOR CREATING YOUR FINANCIAL BOUNDARIES! You are a caring soul and think about spending money on others. School uniform for kids, gifts for relatives, maintenance for home, a new kitchen appliance, you spend on everything.
It is not bad to spend on others or to say yes to their needs. But it is certainly wrong to do all these things while neglecting your own. This is not the way to secure the future.
Stop delaying your future goals, as it can increase debts and also stress levels. learn to be selfish and learn to say ‘NO’. Tell them things like ‘it’s not in my budget, I need to work for my money goals and more things like these. Only then can you save more to have a safe future.
3. Women face uncommon financial challenges
In many ways, the financial situations that women face are unique. They have to deal with complications that are not usual for men. This makes them struggle harder financially.
Gender pay gaps, lower pension contributions, career interruptions due to maternity, etc. Circumstances like these weaken finances on a large scale. You, too, must have experienced something similar.
Hence, it is time to think about yourself. Plan your career, making it a priority, and get married only when you are financially stable. Baby birth, family responsibilities should not dominate your finances. The most important thing is to plan ahead and keep it uncompromised.
4. Self-investment helps in long-term stability
Use money to be better for future needs. Invest money in your health, skills and personal growth. Your time to earn money can be limited. There will be an age when you will not be as active as you are today. Age affects everyone; do not let this time slip.
Increase earning potential, spend on courses and certifications, prioritise health and insurance and start a side business. There is so much to do for self-improvement.
Do not stop due to obstacles. Think about yourself first, and things will be under control. No one is asking you not to be a good human. But also consider yourself as a human and not just a machine used to serve others.
5. Financial security is vital to handle emergencies
Whether it is a medical emergency or a sudden job loss, financial security matters. In many ways, you can keep yourself secure. Create an emergency fund and save money equivalent to the expenses of at least the next three months.
Keep emergency funds for urgent needs, save more to avoid high-interest loans and get insured to cover medical expenses. Build a small savings for uncertain times. It is not wise to keep taking out money all the time from emergency funds.
Be consistent in saving and investment. Even if you save small, be regular. It not only builds wealth but also boosts financial confidence. Review finances regularly to know whether all plans are going in the right direction or not.
6. Selfish is actually self-preservation
Absolutely! Let the world say all the rubbish things about how you are acting these days, selfishly. They are never going to stay by your side. Earn money and invest for a stronger financial foundation.
Sometimes it is good to be selfish to preserve a safer tomorrow. Build yourself so strong that if no one is there to help, you will not be helpless. Even while working on personal goals, it is still possible to help people.
Support others, but without compromising your financial security. Contribute to shared goals, but do not forget personal goals. Be humble to others, but don’t be rude to your financial, physical and mental health. Learn to choose yourself if people and situations make you compromise your own peace.
How can you start being financially selfish?
Here are some quick tips to be stable and selfish financially for good reasons.
- Track your income
- Make a budget and stick to it
- Don’t get driven by emotions to help others
- Build an emergency fund.
Conclusion
As you read above, women should be determined about their financial goals. Stop sacrificing and compromising for everyone. You cannot help others unless you help yourself.
Learn to invest money for your personal and financial well-being. Earn your own money, pay your own rent, debt and be strong. Stay financially literate and know about the best loan options to consider in case of a money crisis. Figuralloans, an online loan provider, has affordable deals for women. You don’t need to depend on others in case of an emergency. Make rules and rule your life.