Women and Money: Flourish in the Face of Financial Challenges

Maintaining stability to achieve success on through your golden years.

Even after you achieve financial stability, there are several key times in your life that are going to present significant challenges that can throw even the best laid financial plans off track. Having children is right at the top of that list.

“The single best predictor that a family would go bankrupt was if they had a child.”
                                                                                                                       – Elizabeth Warren

Women also face distinctive financial challenges heading into retirement, as well as when facing the financial upheaval of separation or divorce. The tips below can help you get through these trying financial times in your life with your stability and your credit intact. If you’re having trouble maintaining stability in the face of financial challenges, call us today at or complete an online application to schedule a confidential debt and budget evaluation from a certified credit counselor at no charge.

Financial Stage 4: Bringing kids into the mix

Financial life stage 4Kids are great, but they also certainly present a big challenge to your financial stability. You add significant financial burden to your budget with pre and post-natal care, a constant steam of clothes they outgrow, back to school shopping (the second most expensive shopping season of the year, after the winter holidays), extracurricular activities, family vacations and a continual steam of “Buy me…” requests.

These tips can help you plan ahead to being raising your family:

Feminine Facts

Not including college education, it costs an estimated $245,340 to raise one child to the age of 18 in the United States.[3]

Financial Stage 5: Retirement

Financial life stage 5Making your retirement dreams into reality is tough regardless of your gender. However, women often face a tougher battle to achieve their retirement goals. Then tend to have less in retirement account and weaker investment portfolios.

These tips can help you as you approach and reach your golden years:

Feminine Facts

54% of women plan to retire after age 65 or not at all; almost half (49%) plan to work at least part-time.[3]

Financial Detour: Divorce or separation

Take a financial detourNot every woman will go through divorce during her lifetime, but even separation after a serious relationship can present challenges for your finances. When your life path takes a detour, you have to take steps to get yourself back on the right financial path as you move forward on your own.

These tips can help you reestablish financial stability after divorce or separation:

Feminine Facts

Women face an average 37% drop in household income after a divorce and the percentage of women in poverty doubles following separation.[3]

Sources:
[1] http://www.huffingtonpost.com/2014/08/18/cost-of-raising-a-child_n_5688179.html
[2] https://www.transamericacenter.org/docs/default-source/resources/women-and-retirement/tcrs2015_sr_womens_retirement_outlook.pdf
[3] http://www.census.gov/sipp/workpapr/wp156.pdf

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
Click here to learn more.

Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

You can save!

With this amount of debt, you'd pay around $xx.xx on a DMP.

FREE Debt Consultation
VE Interactive