As we honour National Women’s Month in South Africa, Momentum’s #SheOwnsHerSuccess annual workshop series kicks off covering crucial and necessary conversations designed to enable the success of women.
Financial independence remains an essential, yet often elusive, goal for too many women. With over 42% of households in the country led by women (Stats SA), the need for informed financial decisions is more critical than ever—not just for personal security but for the wellbeing of families and those loved ones who depend on support
Today, traditional gender roles are evolving. More women are taking control of their financial destiny and it’s a remarkable time to be alive. However, this shift reveals the need for accessible and tailored financial advice that addresses the unique challenges faced by women. Financial literacy is not just about budgets and savings; it’s about empowerment, understanding, and the confidence to make decisions that support a healthy, independent life.
Overcoming barriers to independence
Despite all the progress we absolutely should be celebrating, a financial literacy deficit persists. This is often exacerbated by a late entry into the workforce, gender pay gaps, and societal expectations. These challenges can hinder our ability to achieve financial independence, sometimes forcing reliance on partners or family members for support.
But independence is not an unattainable dream – it’s one we have fought for across generations. It begins with equipping ourselves with the knowledge and tools to navigate our unique financial journeys. Financial advice is the foundation upon which we can build a secure future—one where our success is defined by our standards.
Owning our success on our terms
Financial independence isn’t about fitting into a pre-determined mould; it’s about crafting a financial future that reflects your unique aspirations. By embracing financial planning and seeking guidance from experienced financial advisers, every woman can design a path that aligns with her vision of success.
Whether it’s planning for retirement, managing investments, or simply making informed day-to-day financial decisions, the journey to financial independence is personal. It’s about recognising that each woman’s path is different, and that’s perfectly okay.
Even though the destination is the same, not all journeys take the same path. Every woman’s financial journey is unique. Embracing your timeline, regardless of societal expectations, is essential. If we do this, our financial clocks will tick just fine because we know we’re on the right path.
By recognising there’s no one-size-fits-all approach to financial planning, all women can design their financial future that reflects their vision for success.
A call to empowerment
Every woman has the potential to achieve financial independence, and it starts with education, planning, and the courage to take charge of your financial future. Partnering with a professional financial adviser can provide the insights and support needed to turn your financial goals into reality.
Empower yourself today by taking the first step towards financial independence. It’s more than just a dream—it’s a healthy, achievable reality with the right plan in place.
Anri Armer, a Momentum Financial Adviser, advocates for financial literacy as a cornerstone for women to achieve healthy independence.
