International Women’s Day: 5 common money mistakes women should watch out for

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Key Points

This could stem from women potentially repeating financial errors or making imprudent decisions due to hesitancy in sharing money-related matters with peers..

The overarching theme, Invest in women: Accelerate progress," emphasizes the imperative of promoting financial literacy among women and involving them in decisions related to making or saving money for the future. ..

Insufficient confidence and financial literacy: Women might be hesitant to participate in financial planning and investment activities, often attributed to a perceived lack of knowledge or confidence in their capabilities..

Avoiding professional financial guidance: Women might hesitate to seek advice from financial professionals, either due to concerns about costs or the perception that their assets are insufficient to warrant such assistance..

Overcoming longstanding stereotypes regarding women's financial roles and empowering them to assume control of their finances from an early age can enhance their financial literacy, confidence, and overall financial well-being...