Home Milestones

Milestones

MILESTONES: These are life changing events for women. Women need to know how to cope financially when their status changes due to marriage, divorce, raising children, death, and financial upsets like losing one’s job or bankruptcy. Protecting one’s own financial affairs and preparing for unexpected life events like unemployment, divorce and death means that women can also protect loved ones from financial demise.Marriage has an undeniable impact on a woman’s finances from Day One. This section on wedding costs and marriage advice for women has practical suggestions to get a marriage off on the right financial foot. There are legal considerations, including prenuptial agreements and power of attorney that affect a woman’s financial status. There are matters of joint accounts, taking on a spouse’s debt and forging common ground with a spouse on financial goals.Divorce is the section no newlywed ever think they need. However, marriage separation & divorce advice for women is an essential element of any savvy woman’s knowledge portfolio. Valuable in-depth topics focusing on the finances of divorce include: how to get suitable legal advice, understanding the ins and outs of custody issues, and preparing a financial battle plan in the case of separation and impending divorce or annulment.Children is a section sharing a wealth of knowledge and first-hand experiences. It is a unique kind of motherhood guide and advice on having children. The financial impact of becoming a mother can be huge. Think of pre-natal classes, aspects of pregnancy involving new purchases, delivering a baby, providing a child with the necessities of life, and cutting back on income during maternity leave. All this and more is addressed from the perspective of money management here at The New Savvy.Death has far-reaching tendrils in terms of financial effects. Death support, inheritance and legal advice are critical topics to be explored sooner rather than later. Considering the consequences of a loved one’s death requires a fundamental background in legal matters like wills, taxes and inheritance laws. This section also provides pragmatic advice and support for women on dealing with a death of someone close to them.Unemployment/Bankruptcy. Unemployment & bankruptcy advice for women is critical these days. In times of global financial uncertainty, it’s essential to be armed with the necessary legal knowledge that can ensure fair compensation in the event of job layoffs, redundancy or early retirement packages. In this section, there is also a wealth of valuable information on how to deal in money management terms with bankruptcy, a life event with the potential for extreme financial upheaval.

This article originally appeared on ValuePenguinEveryone wants her children to lead a happy and healthy life. However, there's a big difference between letting kids get whatever they want and actually teaching them valuable (and sometimes painful) lessons so that...
For your child’s birthday party, you want a fun and memorable celebration that will make him/ her the happiest kid around. Involve your child in the preparations to build up his / her excitement for the big day.1. Party...
Estate Planning in Hong Kong: Steps That Every Property Owner Should Take Why would I need to go through estate planning when I am broke? Isn’t that for wealthy people only?The answer to the last question is a resounding NO!Estate...
Tips To Organize Your Finances After Your Spouse Dies To organize your finances is probably the last thing on your mind after your spouse passed away. According to an article published in Psychology Today, the bereavement that follows a spousal...
The big day is coming, and what better way to prepare for it than rounding up your best gal pals for a big night out? An epic hen party is the perfect culmination of your days as a singleton,...
In most cases, building wealth doesn’t depend on how much you earn but on what you keep. If you do not develop a discipline with money, you will always be lacking even if your income keeps increasing. This is...
Just Married: Reasons To Talk About Your Credit Score Before Marriage  Why should you talk about credit when you are getting married? Isn’t it all about your love and how you feel about each other?Apparently not.While love is a very...
How can Bankruptcy Compromise Your Financial Future? We all know how bankruptcy can compromise our financial future. This is not something that you can shrug off easily. This is why experts are encouraging everyone to avoid it at all cost....
Many of us were probably used to hearing about the different aspects of our lives - social, financial, career, family, etc. While we usually think of these separately, one cannot deny that major events in any of these aspects...
Are you planning to get married in Hong Kong? Congratulations are in order then! Not all women are planning their nuptials anytime soon and it is great news that you have decided to walk down the aisle.According to the...
48,033FansLike
10,337FollowersFollow
2,314FollowersFollow

Recent Posts