Women continue to empower and educate themselves and their families, as the latest stats indicate that women also manage money better than men.
According to Stats SA, in the last five years, women occupied on average 51% of positions classified as “professional”, which require people who are highly skilled. This is up from an average of 46% in the five years prior.
Emma Mer, CEO of FNB Retail Loans, said: “According to our internal data, women are also better at committing to their debt repayments. There is a wealth of information available on how to manage your money and gain financial independence, and valuable tools that can be used to help set up budgets and navigate monthly expenses.
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“As we celebrate all aspects of women, we salute all those taking charge of their financial affairs. Not only is this empowering but it also helps to build a solid foundation for the future.”
Mer shared five tips on how more women can continue to better manage their money:
1. Track your spending
Understand where your money is going and how much you are spending. You can either track your spending habits on your own or use tracking tools. Ensure you don’t spend more than you earn, view your credit status and save smart.
2. Understand your credit score
Managing your credit score is …….