6 Ways to Add More Financial Flexibility to Your Life

Article Summary

• Financial freedom for women can sometimes feel like an unachievable goal. Planning and flexibility play important roles in reaching financial goals. 
• Life transitions for women often come with financial implications, which is why flexible plans allow for a more seamless navigation through life’s changes.
• Many women find that expert financial guidance offers them a more confident outlook when it comes to their finances and the goals they set.
  

There are times when financial situations make goals seem like impossibilities. Life’s unexpected storylines can, at times, make progress feel insurmountable or barely measurable at best. But adding more financial flexibility to your life to create more financial freedom isn’t moonshot thinking.

It’s achievable. 

There are ways to feel comfortable with your financial landscape, to move forward with confidence and to begin to experience the financial outcomes you are working towards. Financial planning for women can involve a slew of factors, some of them unique to females, but many women have found that embracing those influences sets the stage to be able to achieve financial freedom.

Financial independence for women is a journey. And many women have found that the financial independence they desire involves some or all of the following ways to experience more financial flexibility. 

A Starting Point To Achieve Financial Freedom

Understand your full financial picture: It is difficult to make responsible decisions without understanding all of the details needed to make those decisions in an informed way. When you have a clear picture of what you own, what you owe and how your money is working for you, it makes decision-making less intimidating. Asset tracking, which involves auditing assets, income, liabilities and all types of savings, offers an informed starting point. 

Accept that change is part of the plan: Women are all-too-familiar with the inevitability of significant life transitions, and sometimes those changes affect financial goals. Embrace the fact that change is more or less around the corner at any given time, from marriage to relocating to childbirth and sabbaticals, divorce, retirement and widowhood. Many women find that when flexibility is built into a plan, it makes these changes less daunting.

Know what matters most to you: There is no reason to separate your values from your financial decisions. In fact, aligning values with financial choices makes a whole lot of sense. Whether it is financial security, independence, philanthropy, family support or long-term legacy planning, it is appropriate to allow personal values to guide financial plans. Many women find that aligning personal priorities with financial planning provides a reliable financial framework, especially during times of uncertainty. 

Set goals that can evolve with you: Financial flexibility requires, well, flexibility. That extends to financial goals. Some of life’s changes can be expected and others come out of nowhere. Having a plan that includes goals that will evolve along with you and your life creates space for adjustments along the way. 

Get guidance that fits your life: Financial choices are not a one-size-fits-all experience. Everyone is different and brings unique lived experiences to the table, which is why many women prefer to find a financial fiduciary who understands their goals and preferences, appreciates the life stage they are navigating, and then develops a strategy that aligns with their needs. 

Start with the Svvy® Quiz: At Svvy®, we recognize that the financial industry was not built with women in mind, and we’re dedicated to changing that. This is why we match women who are seeking financial guidance with female-vetted financial experts. The answers you provide in our quiz allows us to match you with a financial expert who fits with your goals and needs.

If you are looking for the expertise of a financial advisor who specializes in working with women, Svvy® will match you with an expert to meet your specific needs. The free Svvy® match quiz, available on our website, is the first step in the process. 

If you would like to be connected with a female-vetted expert, learn more about Svvy’s matching process, or learn how you can take the next step toward a clearer financial picture, get matched with a Svvy® expert today. 

Disclosure: This content is provided for general educational purposes only and does not constitute individualized investment, legal, or tax advice. Svvy® acts solely as a solicitor and connects and matches individuals with independent third-party financial professionals through a quiz-based matching process on the Svvy® Network. Matching is based on information provided through Svvy’s platform and does not constitute any advice. Any advice, recommendations, and services are provided only by the independent professional you choose to engage.