Women are staying longer in the business world today for a variety of reasons, many of which have to do with their financial planning and monthly budgets. It’s common to want to find a sense of accomplishment in staying at work and contributing to the world at large. Even so, it is estimated that four out of five adults today will suffer from a chronic health problem such as a heart disorder, osteoporosis, or arthritis.
These conditions often prevent older women from working as long as they want. If you worry about that being you one day, learn more about some important steps to take for older women in the workforce today.
Own Your Budget
A staggering number of women today are struggling just to meet the basic monthly bills — almost 50%. Own your budget and take control of every line on it, and this will motivate you to stay in the workforce and business world longer. Begin cutting the items that you really don’t need. Every $5 that you cut here or there, could add up to an additional $100 a month. That could go into an investment fund that could grow in time.
Part of owning your budget is owning your worth when it comes to the workforce. For every job application, you are asked what your expected salary range is. Be honest about the value of your gifts and talents. Ask for what you are worth. Along with cutting lines on the red column of your budget is adding lines in the black section.
Take Care of Yourself
Taking care of yourself and your overall health is an important part of staying in the workforce, especially as you get older. That doesn’t mean that aging ages you. Taking care of your appearance and your wellness will help you to be more appealing in the workplace, particularly if you have a position that works for or serves the public.
You don’t have to spend $100 and a day at the salon to take good care of yourself. Dark sodas, coffee, red wine, and tea may be associated with teeth stains, but that doesn’t mean you sit at the dentist every week for teeth whitening. Instead, try to prioritize eating well, getting enough rest every night, and exercising on a regular basis. These little changes in your routine can make a big difference in your energy levels and in your overall appearance. Just remember to take a break every once in a while, too! Allowing yourself to rest is a key component in remaining active and healthy in your job.
Commit to Financial Planning
Financial planning at any age involves a commitment, not just the idea that you want to do it. Add a tiny budget line in your budget every month to set aside for retirement, or as an investment in the event that the work slows down. It’s not a sacrifice, it’s just good business.
This step will help you to worry less, and might even mean less coffee and wine for you. Too many late nights are going to impact your confidence levels. Commit to some financial planning, and you have one less thing to worry about during those late nights.
One component of financial planning could be a will. As many as 78% of millennials don’t have a will, and 65% of Generation Xers don’t have a will either. If you have this part of your life in place, you also know exactly what you are working for when you choose to work longer in your life.
Build the Nest Egg
More women are choosing to work longer today to make money for today, and tomorrow. You need to cover your monthly bills, but you also need to do that tomorrow. Don’t worry about it, plan for it. Create the budget, commit to it, and put measures in place for tomorrow so that you know exactly what you are working for. Be proud of yourself, this is you owning your life.
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