Happy August Bank Holiday Monday readers. It is a traditional one - raining!
For an update, my wrist is feeling better now although not perfect. I am hoping to get back into the blogger swing of things. I have noticed that my spendthrift habits have started again and I put that down to not being focused. Regularly reading other personal finance blogs certainly keeps me focused.
Thank you to those who have continued reading during my hiatus.
Over the past few months I have been thinking about my future finances. I have mentioned my goals before and these have preoccupied me somewhat. As I would like to be a stay at home mum, I need to ensure that I have some income during those times so at a minimum I can make pension contributions and have some savings. I have read time and time again about women who stayed at home to care for their children and have no savings and no pension contributions and end up desolate at 50 following a divorce.
If you are married, you may have the right to some kind of maintenance/alimony if you divorce, but if you are not married, you have no legal entitlement to any savings/pensions your other half squirreled away during the relationship. I am not married (and probably will not marry my partner) so this scares me sh**less! I am not happy in my career and want to change it. I want to be able to stay at home and look after my children so I have a lot to think about over the next couple of years about how to generate some kind of income if I was to stay at home for a few years to care for my future children.
As I said, I have been away from the pf world for a few weeks, but have had a good read this week of other blogs and have come across these posts which are of interest to me given my current preoccupation about my finances as a women and the future. I hope you enjoy!
Cat at Budget Blonde has a great infographic about how to save the pennies as a new mum.
Lauren at L Bee and the Money Tree provides her view against rushing to marry in your twenties.
Kylie at The Thrifty Issue has provided her tips for paying off debt quickly.
What are your concerns as a woman and your future finances? How do you intend to protect yourself?