Dear Kim,
My husband passed away a few months ago. He had always handled our finances and met with our “money people”, and I trusted him to take care of it, which he did. I’m not hurting for anything … but money has always made me anxious, and now that I’m in charge of it alone, I feel even more insecure. How do I build confidence around my finances so that I don’t feel like I’m having a panic attack every time I look at our accounts?
Sincerely,
Solo Steward
Dear Solo Steward,
Knowledge is power, so my suggestion would be for you to take a class (or several) to help you learn more about what you have, how best to invest it to meet the goals you have, and give you an overall better sense of how it all works. That will go a long way to alleviating your worry. We haven’t done a good job empowering women to manage their own finances, and I meet women of all ages who struggle with the confidence to tackle it. It’s really not that hard, and some basic understanding of how markets/debt/saving/insurance work will do wonders for you. I actually teach the perfect class and would love for you to attend one. It’s a 6 session class, and it covers everything you need to know to get started on everything from retirement planning to estate planning to managing your budget and saving for the future goals you have.
Kim
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