As good as we are at making sure current financial obligations are addressed; Filipino women usually don’t think long term. We don’t care about things like investing, setting up a retirement fund and stock market. We leave it to our husbands (or future husbands) to worry about these serious stuffs. We trust that they will financially provide for us forever. As long as we are contributing regularly to our savings account, we think that should be enough.
But that is so wrong. Women should strive to be financially literate as well. If we want to live comfortably when we grow old, not dependent on anyone for our basic needs, still have the financial means to contribute to our community or help needy even after we retired, and even afford as much botox as we “need” (LOL), we must educate ourselves. We should actively take part in the family financial planning and management, and not to dump all responsibility to the man. Two heads are always better than one especially when both are working towards the same vision. Even if you don’t bring home the bacon, you still have to get involved and make sure your husband’s hard-earned money is spent and invested wisely.
That’s why I have put up a blog, donyatiks.blogspot.com, chronicling the things I have learned so far as I embark on this financial literacy journey and start applying bits and pieces of what I have learned.
It is actually not as daunting as you think. Start with reading Bo Sanchez’s book, My Maid Invests in the Stock Market, which will give you the confidence that you can do it too. I am not advising that after reading the book you must invest in the stock market right away. Do so when you have the right financial mindset and you understand the risks.
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