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For many people, money is an emotionally charged issue. It may represent power, or love, or control, especially in relationships. Our beliefs about money and our emotional attachments to it strongly influence the way we spend and handle our finances.

If you aren’t where you should be financially, examine what drives you emotionally when it comes to money and try to figure out the psychological stumbling blocks that keep you from becoming financially independent.

Ten Things Women Can Do For Their Financial Future

Don’t rely on someone else, like a husband or boyfriend, for your financial security. Educate yourself about money management and investing.

Set goals – it’s the key to financial success.

Don’t use money to make yourself feel good. That type of high is fleeting. Instead, do things that promote self-respect and creativity so you don’t have to seek those feelings through spending money.

Spend less than you earn – it’s the secret to creating wealth.

Get a simple financial education.

Build an emergency fund. Without one, losing your job or incurring a large unexpected bill could force you to take on heavy credit card debt, and could put you into a financial hole that will be difficult if not impossible to dig your way out of.

Be involved in the day-to-day management of your family’s finances, and talk about it with your spouse. You could be your family’s Chief Financial Officer.

Don’t take on your partner’s or spouse’s debt when you marry. Wait until you’re both out of debt before tying the knot, or protect yourself with a pre-nuptial agreement. They’re not only for the rich.

Don’t let the fear of losing money, fear of failure, or fear of the unknown stop you from investing.

Learn from your money mistakes. Don’t let them hobble you.

The Balance

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