As the gender pay gap continues to close there is still some hesitation in women when it comes to being confident in their personal finances. Hilary Hendershott, President & Chief Advisor of Hilary Hendershott Financial joins Your Cheddar to discuss how to get your feet wet in investing.
But first, why are women so intimidated by personal finance? Hendershott says it's because money comes with an emotional attachment. Many women don't feel comfortable talking to their friends about their wealth, but men talk about money all the time! She encourages women to be more open about their finances.
Plus, how to build your wealth as a woman. Hendershott says you should shed old ideas about the social norms that come with money. She also says the three big things you should be saving for are: a car, a house, and financial freedom.
New car owner analysis from Insurify finds drivers spend an average of $5,851 a year on insurance, gas and maintenance alone, separate from financing costs.
Oil prices are climbing again after Saudi Arabia shut down a critical pipeline that has served as a major alternative route around the Strait of Hormuz.
