Being financially illiterate isn’t cute or feminine. Many women in the past got away with passing all financial responsibilities on to their husbands, but in this day and age, with more of us not getting married until later, it is about time we started becoming financially responsible from the beginning.

Starting early can help give you a leg up on a comfortable retirement. That means starting early, preferably with a first job. Are you passed that and into your 20s or later? Then, now is the time to seize control of your financial destiny by setting solid financial goals:

There are basic rules that I want to share with you.  These are simple things but if you really do that with commitment and right attitude, you will be thankful one day.

1) Record your expense

Sure, those shoes are super cute…but can you really afford them? Do you really know how much you’re spending per month or year on items like shoes or make-up? Using a financial resource like Mint to help you manage your cash flow or use simple spreadsheet, if you are more familiar with excel it’s okay, just do that.  can help you track your expenses and wrap your head around how much you are actually spending — and where your hard-earned money are going. These resources also provide tools to help you set a budget and track whether you meet said budget each month.

2) Start saving  for emergency fund

To many excuses and condition that we used to say that ‘We can’t saving because…. or  you might be thinking, “I have so many expenses!” You might not realize it, but an emergency fund is an important factor in your financial plan. Build an emergency fund. Make sure you have three to six months’ worth of earnings saved in case something happens.  Start from 10% of your income, believe me when you enjoy it someday you will amaze that you can save 50% of your income!

If you’re having trouble building an emergency fund, try setting up a direct deposit or automatic transfer from your pay-check into a separate account. An automatic deposit can be your best friend, because you won’t notice that the funds are gone. If you don’t think you can afford to save anything, consider skipping that morning latte twice a week and put the extra money into savings. I can’t stress it enough; every little bit adds up.

3) Never have credit card debt 

Most people start to have credit card debt and finally they confused how to finished it. The rule is simple, use it and pay it full.  You will maintain a good credit history in the long run. The longer your credit history — and the stronger your credit score — the more likely you’ll be approved for loans in the future. A strong credit profile proves to lenders that you are reliable and capable of paying back your loan. Keeping track of your credit rating is important, too.

4) Define your financial goals (short/medium/long term)

When you’re establishing your financial plan, the first thing you need to do is identify both your short-term and long-term goals.  Two important things that I want to remind you is to start invest for your pension fund and to develop your career by preparing your education fund or saving for a car/house/apartment down payment. You can also set up your budget according to 50/20/30 rules to ensure you can reach your financial goals.

5) Learn about investing

No matter what your background is you can learn many investment product out there, their characteristic, pro and cons, etc. Educate yourself about money management and investing. You may also consult with a personal financial planner. The financial planner will not only help you identify your goals and assess your financial situation, but also pick investments that are best suited for your goals.

So it’s your moment to start your financial planning. Get ready ladies your time is count from now!

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