After the divorce or the death of the spouse come the financial surprises. This happens more frequently than you might think, as revealed by the UBS Investor Watch Study. In order to better protect themselves from unforeseen events, 62 percent of the women affected therefore encourage other women to take on a more active role in financial matters, such as joint asset management and personal retirement provision.
Why is this statistic important?
Dealing with finances early on not only helps protect you from financial surprises. Each new stage in life brings new financial decisions and requirements. From the decision whether to pay into pillar 3 as soon as you start working and how to finance your own home to decisions on inheritance – in just a few steps women can take a more active role in financial matters:
- Talk to your partner about finances
- Understand your current financial situation
- Think about your future financial wishes and needs
- Actively increase and then maintain your knowledge about financial topics
- Become a role model and talk to other women and your own children about finances