Women’s month is quickly coming to an end, but the issues highlighted around female empowerment and the challenges women face won’t end come September.

One such issue that should continue to draw attention is that of women and financial independence. We tend to view our finances as a very private matter, and rightly so. For this reason, however, we need to take effective responsibility for our own personal finances. Consider the following:

  • Make a commitment to take charge of your finances and not to leave your financial future in the hands of anyone but yourself (including your spouse and other family members and loved ones).
  • While “big picture” financial management is important,it is the effective day-to-day handling of your finances that will have the determining impact on tomorrow. Impulsive or wasteful expenditure should be avoided at all costs.
  • Manage your debt well enough to make sure it does not impact your lifestyle or, ultimately, your retirement. Avoid what is deemed to be “bad debt” at all costs (namely debt for unnecessary purchases serviced at high interest rates).
  • Be careful not to underestimate your savings and investment needs. Living longer and having children increases your cost of living overall and you will need to save more to compensate.
  • There are hundreds of savings tips specifically for women, try them out. Things like DIY beauty treatments, bulk buying and reselling old clothing etc. Stick with the ones that work for you.

Proverbs 31 identifies the qualities that a women should embody when it comes to her finances. Luke 14:28 says, “For which of you intending to build a tower does not sit down first and count the cost whether he has enough to finish it”.

Create and stick to your own financial plan, don’t let you financial future be undermined by the impulse purchases you make today. Make financial independence your goal this month and every month. It is a long road but a rewarding destination.

Lesetja Madiba is a Financial Wellness Consultant at Citadel.

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