Are you on top of your personal admin and up to speed with your finances?
Do you know what your situation would be should you suddenly find yourself alone – either through death or divorce? Not nice to imagine but to have no clue should be even more unimaginable.
You might be thinking that this blog sounds more like an advert for life assurance or financial planning but I have been really surprised when talking to women recently how many haven’t got a clue as to what their situation would be should their husband/partner not be there anymore.
How come simple questions like these are not being asked – what sort of life assurance policies do we have? Will the mortgage be paid off? Is there hidden small print that says if we claim on one policy it cancels out another? What happens to the children should something happen to both of us?
Have you got wills in place and if not why not? Do you have a Living Will or will you be for evermore on life support? What investments do you have and when do they vest? How do you access them? Where are all the passwords? Who would you need to call and will your bank account be frozen? What will you live on when you are old?
Men and women are meant to be equal today so how come so many women still leave it up to their husbands/partners to deal with the finances and personal admin?
Death or divorce brings such grief and stress in its own right – to add financial uncertainty and surprise to the mix is just bad planning.
If as you read this you realise you don’t know what your situation is then make it a priority to find out. You will either be pleasantly surprised or downright shocked. Either way it will ensure you are in the driving seat when it comes to your personal admin and financial security going forward.
From April I will be running a light-hearted and enjoyable morning workshop giving women a simple step-by-step guide on what they need to do to get on top of their personal and financial admin. All you need to do is spend one morning with me and you will walk away feeling confident that you know exactly what you need to do to ensure you are going to be on top of things.
Very thought provoking Hilbre. Sometimes we need it really spellled out to us to give us that kick we need or that slap in the face!
Great idea Hilbre. I certainly was guilty of this in the past (but am now on top of it) and a friend of mine just got that wake-up call when her partner walked out.
Hi Sandra, I am sorry to hear about your friend as sadly that is such a classic case. Although we live in the modern world so much of the way we act is just not up to date. I am very pleased to hear you are on top of things though and would be interested to hear what your turning point was?
Well done for spelling this out Hilbs. It is amazing how many women don’t know the answer to these questions. Even in my role as “the organiser”, I have a few hazy answers and so you have made me push the questions back up to the top of my to do list. Your workshop will be invaluable to women by letting them get back in control of their future.
Thanks so much for your comments and it is interesting how the key phrase of ‘spell it out’ has appeared. I guess that is what we all sometimes need in order to make changes.
We know what we should be doing but it is often only when someone points out the potential outcomes of our behaviour or habits that we get into action. I am looking forward to running these workshops as they will definitely empower women in a key aspect of their lives.