It should come as no surprise to anyone that managing personal finances can be stressful. Often, it seems like no matter how hard we try to save money and make smart money management decisions, we can never seem to get ahead.

Indeed, most adults worry about money on a regular basis – as much as an hour a day on average. It’s the source of much friction and argument in relationships, as well as a leading source of stress in general.

A 2018 study found that 44% of Canadians believe their financial situation has a negative impact on their mental health. Perhaps more startling, 30% reported financial stress to be a greater worry in their lives than even overall health and well-being.

People also report missing out on events and experiences in an effort to save money, and suffering ill health effects from their stress and worry. Clearly, something needs to be done about this problem.

The good news is most people are willing to take steps and make an effort to improve their financial management strategies and abilities. It’s not always easy to find consistent, coherent advice that you can put to use in your daily life, however.

To that end, I’ve compiled a list of 12 strategic financial management tips from experts that women can use in their everyday lives. Whether single or married, a working professional, student, or homemaker, and everyone in between, there are tips in this guide that every Canadian woman can use to improve her personal finances.

The goal of this advice is to help women – who are often left out or looked over in financial management conversations – to make smart, strategic financial management decisions in an effort to improve the state of their personal finances. This advice can also help to reduce the overwhelming stress that money issues can cause and, ultimately, to help Canadian women live better, healthier lives.

So, read on to learn 12 useful strategic financial management tips that you can put to work in your life right away! [Read more…]