Reaching age 40 sparks financial reality checks for many women. Midlife is the prime earning year in careers. It is also when retirement planning becomes urgent and expenses like college savings and elder care costs arise. Strategically managing money in the 40s is key to achieving financial freedom. The 40s are an ideal time for women to evaluate their finances and come up with a plan for money management. Review current income and expenses. Inventory assets like savings and investments along with debts like mortgages, loans, and credit card balances. This informs how much excess income is saved or invested each month. It reveals where to target debts. Understanding total net worth and cash flow empowers smart goal setting. Being organized with record keeping enables progress tracking. G
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