Four key components to women’s
financial health
Click on the buttons below to learn more.
compensation
culture
Care
competency
Did you know
Women have to work 42 more days annually to make as much money as men do and typically reach their earning peak at age 44 (men at 55).
Care: Tend to your financial fitness
Since money can often be a source of stress and anxiety, managing it is considered a form of self-care. Consider viewing your finances as one dimension of your entire well-being.
Back
Forward
Review all of your financial accounts once a week and look for ways to possibly save, budget or reduce debt.
Action
Did you know
Women are experiencing high levels of stress – 69% are somewhat or very stressed about their financial situation, compared to only 58% of men.
Competency: Get smart(er) about money
To learn more about money management, consider taking online classes, reading financial guidance articles, watching online videos and talking to a trusted financial expert. Doing so can help improve your relationship with money for the long-term.
Back
Forward
Sign up for one online (and free!) BECU financial seminar or webinar this month.
Action
Did you know
Around 3.8 million American adult women possess literacy skills below a third-grade level, making it difficult to understand bank statements, credit card agreements and other financial documents.
Compensation: Understand the value of your time and experience
In addition to understanding your total workplace compensation package and what it entails, it’s important to fairly assess your skillset and advocate for your worth. The worst thing people can say is no.
Back
Forward
Learn how to ask for a raise and negotiate your salary based on your qualifications and years of experience.
Action
Did you know
Women ask for raises just as often as men but only receive them 15% of the time, while men obtain a pay increase 20% of the time.
Culture: Acknowledge the work-life-fun juggle struggle
The COVID-19 pandemic has changed every aspect of life, including the way people work. Women have been hit especially hard, with added daily responsibilities and a host of new challenges to their work/life arrangements.
Back
Forward
Seek help from others in your work and personal life to share the load of responsibilities. Prioritizing your roles can help you decide how best to manage your time across your responsibilities.
Action
Did you know
The number of women who say they are responsible for 75% or more of caregiving responsibilities (i.e., child care or care of other family members) has nearly tripled to 48% during the pandemic.
