ReDesigning Women: Financial Resources to Empower Women For Life After Divorce

Financial Resources to Empower Women For Life After Divorce

Feature Video

Financial Resources

The one thing every single woman reading this section has in common is the need to secure her financial future. Achieving financial security is one of the most important challenges facing you today. No matter where you fall on the wide range of experience continuum, your financial future is up to you. Our research has shown that many women facing divorce have had limited involvement in long term financial management and investing. You have taken care of the day-to-day financial activities related to running your home, but did you take on the responsibility of financial planning for the future or building wealth? As the caption on the photograph succinctly says, a man is not a financial plan! The good news is that whatever your circumstances, there is plenty you can do, starting right now, to plan for your financial future. Do not worry if, like most women who are facing divorce, you have little experience or knowledge about the full scope of financial management or investing. Our experts will help you break through the confusing financial jargon, will help you manage the competing demands on your time to take care of the important financial issues, address your specific concerns, interests and life circumstances, and empower you to take command of your financial future. Our aim is provide you with the information, guidance, understanding, confidence, support and encouragement to get you to wherever you want to go in life.

TOPICS TO BE COVERED:
Please share your thoughts

Financial management - Financial advisors / financial planners: what are they, what do they do, and do you need to use one; how to set and meet your financial goals.

Wealth building / investing - Contrary to popular belief, you don’t need a lot of money to be an investor; how to find investment money; how to find the necessary time to make investments; understanding investment options; how to increase your confidence

Establishing credit in your own name - Understanding credit history and its significance; how to determine if you have an individual credit history; amending an incorrect credit history; best ways to establish your own credit; applying for credit cards; avoiding pitfalls of over committing to credit card companies.

Setting up new bank accounts - Determining which bank to use; evaluating different account types offered; the information you will be asked for; understanding how to avoid the pitfalls.

Renting a new home without credit history - How to navigate the rental of a property without credit history or bad credit; things you should be aware of when renting a new home.

Negotiating a new mortgage - Understanding the different financial institutions who offer mortgages; how to shop around for rates; what is a mortgage broker and should you use one; determining the value of the mortgage you can apply for based on your income.

Buying/leasing a car - Women-friendly dealerships; understanding car negotiations; what you should know about leases; what you should know about buying a used car; used car warranties, what they offer and why they are important.

Selecting new insurance policies: home/auto/life/medical - How to evaluate different insurance companies and policies; what you should ensure is included in your policy; things to understand if you need to make a claim.