Budget Basics
Women and Money
Take Care of Your Loved Ones
According to authors Douglas Gray and John Budd, two thirds of Canadians die without a will. What would happen to your family, your property, or your children if you died? Don’t leave it to chance. If you can’t afford an attorney, find out how to go about drafting your own will and planning your estate with Gray and Budd’s book “The Canadian Guide to Will and Estate Planning”.
It’s also important to have adequate insurance. Take life insurance, for example. If you work outside your home, your family would need to replace your income if you die. They may also have to hire someone to handle the household duties you take care of. If you don’t work outside the home and have children, your family would still likely have to hire someone to do what you do (and chances are you’re very underpaid!) Life insurance may be much more inexpensive than you realize.
Educate Yourself
For more inspiration and advice, visit your local library or bookstore for some of these helpful books:
From Money Shy to Money Sure by Olivia Mellan
How to Turn Your Money Life Around by Ruth Hayden
It’s Your Money: Achieving Financial Well-Being by Karen McCall
Secrets of Six-Figure Women: Surprising Strategies to Up Your Earnings and Change Your Life and Prince Charming Isn’t Coming both by Barbara Stanney
Why Good Girls Don't Get Ahead... But Gutsy Girls Do : Nine Secrets Every Working Woman Must Know by Kate White
Women Don’t Ask: Negotiation and the Gender Divide by Linda Babcock and Sara Laschever
