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Making Financial Health a Priority for Women

What causes stress in your life? If you said my finances, and my health, then you’re not alone. Studies conducted by Fidelity have found that more than 85% of women are stressed about their finances and 60% are stressed about both their money and their health. How can we help reduce financial stress in our lives? There are 3 main ways to help reduce financial stress.

Build an Emergency Fund of at Least 6 Months of Expenses 

77% of women are relieving their financial stress by having an emergency fund built up for those unexpected life expenses. You know, the times when the roof needs to be fixed, your car breaks down, or when the washer / dryer breaks on laundry day. 

Need help figuring out how to start saving? Look at your day to day expenses. What can you cut out? Going out to eat for lunch, those daily coffee breaks, that clothing item that you want, but don’t need? Even saving a few dollars each week or month can help kickstart your emergency fund and bring you one less thing to stress about.

Save Between 12-15% of Your Income a Year to Prepare for Retirement

Women are statistically proven to outlive men by 5 years; therefore, women need more retirement savings to last throughout the years.

How to accomplish this savings goal? Begin by contributing enough to receive your employer’s matching contributions. Consider gradually raising your contribution amount to 12% or higher. Raise your plan contributions once a year by an amount that’s easy to handle, on a date that’s easy to remember – say, 2% on your birthday. Thanks to the power of compounding (the earnings on your earnings), even small, regular increases in your plan contributions can make a big difference over time.

Have a Financial Plan

Whether it’s buying your first home, planning and saving for a vacation, or planning for retirement, having a financial plan in place can help make those goals a reality! 

For more information, Contact your MCF Financial Advisor, today!

Hunter Nighbert

Financial Advisor





MCF Advisors, LLC (“MCF”) is an SEC-registered investment adviser. Please remember that past performance may not be indicative of future results.   Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by MCF), or any non-investment related content, made reference to directly or indirectly in this presentation will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this presentation serves as the receipt of, or as a substitute for, personalized investment advice from MCF.  To the extent that a reader has any questions regarding the applicability of any specific issue discussed herein to his/her/its individual situation, he/she/it is encouraged to consult with the professional advisor of his/her/its choosing.   MCF is neither a law firm nor a certified public accounting firm and no portion of the webinar content should be construed as legal or accounting advice.  A copy of MCF’s current written disclosure statement discussing our advisory services and fees is available upon request. If you are an MCF client, please remember to contact MCF in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing / evaluating / revising our previous recommendations and/or services. The scope of the services to be provided depends upon the needs of the client and the terms of the engagement.