Bola Sokunbi, founder of Clever Girl Finance, has shared her insights on the financial anxieties many women face and suggests tips for achieving financial prosperity. Taking center stage in her advice is financial literacy – understanding and making informed decisions about money management.
Sokunbi highlights saving, prudent investing, and avoiding unnecessary debts as key steps towards achieving financial independence. She further advocates that every woman should aim for financial independence, irrespective of her marital status. She underscores the importance of disciplined spending and careful planning in achieving this goal.
Financial empowerment, according to Sokunbi, considerably enhances a woman’s confidence. Her book “Choosing to Prosper” serves as an informative guide for those women keen on securing a financially stable future. She nudges women to take command of their financial futures, laying out a roadmap for them to handle money and build wealth.
The author emphasizes the importance of intentional action in tackling financial fears and moving beyond the safety zone. She strongly recommends individuals take control of their financial fate by creating a budget, cutting unnecessary expenses, and seeking advice from reputable financial advisers.
In response to prevalent financial insecurity among women — as supported by data stating that 93% of women stress about financial matters — Sokunbi argues that understanding these statistics can lead to more robust financial support and resources for women. She believes the journey to financial literacy begins with a strong understanding of the broader financial landscape and one’s own fiscal habits.
In an observation made by Lorna Kapusta, head of women and engagement, financial stress levels decrease noticeably with each extra month of emergency savings. Kapusta stresses the importance of better financial education and creating structured plans to manage and prevent financial stress among women. Sokunbi offers her support to this viewpoint.
Sokunbi believes that a targeted approach towards planning, saving, investing, and handling debt can noticeably enhance financial security. She accentuates the role of personal responsibility, advising that daily choices can play a decisive role in achieving financial goals. Regular financial reviews and staying updated on personal financial status are essential elements she insists on.
Overall, Sokunbi views financial literacy education as a pieces that can solve the puzzle of financial insecurity. She maintains that consistent efforts and even minor improvements in financial behavior can signify great strides towards a healthier financial future.
