Women on Wealth

Women on Wealth’s purpose is to empower women to make informed financial decisions for a better and brighter future. The mission is to serve as a platform for women to excel both financially and personally.

6 Signs Your Elderly Parents May Need Help With Their Finances

October 20, 2021

As our parents age, they become more susceptible to ailments and diseases that can impair both their cognitive abilities and motor function. As everyday activities become harder for aging parents, their financial stability can begin to waver. In fact, beginning at age 60, studies have shown that people may begin experiencing a decrease in their financial literacy score by one point per year.1 Whether your parents are displaying signs of impairment or you’re worried they simply can’t keep up with their finances any longer, we have six signs below that could help you determine whether or not it’s time to step in.

Medicare Open Enrollment Begins Oct. 15th. What Does That Means For Me?

October 12, 2021

Medicare’s open enrollment period happens once a year between October 15 and December 7. During this time, current Medicare beneficiaries have the option to adjust their coverage for the coming year. This can be a useful option for those who may have recently changed medication, underutilized their current coverage or found they could use additional benefits.

Blended Family Finances: 5 Tips for Success

October 6, 2021

There’s no question that finances are complex enough as it is. Add a new marriage to the mix, and things can get a bit hairy. According to Winning Stepfamilies, approximately 65 percent of new marriages in the U.S. involve children.1 And as we all know, children can add a substantial financial responsibility to our plates. If not handled strategically, managing bills with both your new partner and your ex-partner can create a tangled web that can impact children. And oftentimes, there’s more than one set involved. The U.S. Census Bureau found that about 70 percent of remarried couples have children.

Debt After Death: Protecting Your Estate and Heirs

September 29, 2021

When it comes to our inevitable death, chances are, we’re all going to have at least a little bit of debt. Examples include common everyday bills such as rent and utilities, all the way to extraordinary bills like what you might receive after a multi-day hospital stay. For some families, the discovery is much worse. The person could have been hiding a gambling problem — or even an enormous credit card balance. According to Debt.org, “73 percent of Americans are likely to die with debt.”

Discussing Costs With Your College-Bound Teen

September 22, 2021

The first week of college is a time of excitement for recent high school graduates. They want to see and do everything without the ball and chain that is their parents. Doing everything is likely to cost money. So then, the first week of college is also about learning, learning how to budget. Making a good budget is one of the first discussions you should have with your college-bound high school student before they head off for school.

When's the Best Time to Buy? A Month-By-Month Breakdown

August 18, 2021

Impulse spending: everyone does it, many regret it. About half the purchases made by young adults are impulsive, but the number tends to decrease with age.1 Commercialism and online shopping have made spending both accessible and instantaneous.