03/08/2022
Here's an idea: This , let's help the young women in our lives say with honest and open conversations about money.
I know firsthand the power of financial literacy. Sadly, many young women experience a lack of confidence when it comes to math and finance. From teaching the basics of investing to examining your own money beliefs and habits, there are a number of ways we can help empower young women.
Consider these five steps, and check out the RBC Wealth Management Financial Literacy Program for more insights: https://www.rbcwealthmanagement.com/en-ca/insights/the-rbc-wm-financial-literacy-program
1. Talk openly about finances
Budgeting and financial decision-making don't have to be taboo subjects.
2. Be a good financial role model for girls
Parents can start by examining their own beliefs and habits about money, including subtle messaging and beliefs around gender roles and financial power.
3. Teach budgeting basics
Set a good example by talking about budgeting, saving, giving and planning for long-term goals.
4. Encourage inquisitive minds
Much of finance is personal, so it's important to help inspire confidence in decision-making by being open to questions.
5. Sign her up for a class
Understanding terminology, along with business and financial concepts, will position young women to have a decision-making seat at the table later in life.
Do you talk about money with the young women in your life? Let me know!
www.rbcwealthmanagement.com
