Times have changed when it comes to women and money, but are you passing your financial skills on? Monica Bradley from MB Associates shares how to help your children build confidence and awareness around money from an early age. It may sound like a cliché to say times have changed, but when it comes to women and money, the shift has been significant. You must signup to view this story Click HERE to SIGNUP. (Pay a one-time fee of £1.99) or HERE to Log in if you have an account It’s hard to imagine now, but until the mid-1970s, women couldn’t open bank accounts or apply for a mortgage without a male guarantor. These days, the situation is very different. More women than ever are taking control of their finances, with a notable rise in sole female mortgage applicants in recent years. In my role as a mortgage adviser, I regularly speak to women who are proud to be financially independent. At the very least, they are often actively involved in managing household finances. Research shows that women are often leading the way at home. A study by British digital magazine Readly showed that 51% of women reported managing the monthly budget. Many are taking care of daily finances, from paying bills to covering food and household costs. Despite this, studies show that women are less likely than men to feel confident when it comes to financial decisions. A study commissioned by accounting firm KPMG revealed that just 77% of women feel confident making financial decisions, compared to 88% of men. Women are also less comfortable talking openly about money. Yet women tend to take a more cautious approach to money and are less likely to make financial mistakes such as missed payments. Let’s talk about money However,…
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