Tag: Diann Douglas

Women and Money: Unique Issues – Selecting Your Financial Professional Team

Figure 1. Before you retain the services of a financial professional, you should understand the differences between financial planners, accountants, attorneys, and investment specialists. Always make sure you choose a financial professional you trust.On your road to building wealth, you may choose to engage financial professionals for guidance. Seeking out professional advice will include fees and expenses, so use care when selecting the appropriate services. There is a variety of financial professionals to choose from, including financial planners, investment specialists, accountants, attorneys, insurance agents, and bankers. Understanding the roles, expertise, and credentials of these individuals can help you select the most appropriate individual or team for your specific financial needs.
This 4-page fact sheet was written by Brenda C. Williams, Diann Douglas, Martie Gillen, and Lynda Spence, and published by the UF Department of Family Youth and Community Sciences, July 2013.
http://edis.ifas.ufl.edu/fy1370

Women and Money: Unique Issues: Your Money Matters

Figure 1. Talking about money may not seem like a romantic gesture, but make sure you talk with your significant other about your finances before you marry.Couples considering a future together should discuss money before they marry. Discussing money may not be the most romantic gesture, but this is an important conversation to have early in a relationship and to continue to have throughout your marriage.This 4-page fact sheet was written by Diann Douglas and Martie Gillen, and published by the UF Department of Family Youth and Community Sciences, September 2013.
http://edis.ifas.ufl.edu/fy046

Women and Money: Unique Issues: Protecting Your Assets

Figure 1. Identify areas in your finances where you may incur unexpected costs, such as medical emergencies, car accidents, or other events. By having a plan to deal with these situations, you can save money in the long run. Credit: HuntstockProtecting your assets is similar to managing your risks. Managing risks means identifying and evaluating instances where you may experience a financial loss and then making a plan for how to deal with the situation. This publication shares some common ways you can protect your assets by purchasing different types of insurance, being aware of identity theft or fraud, and monitoring your credit reports. This 4-page fact sheet was written by Lynda Spence, Martie Gillen, and Diann Douglas, and published by the UF Department of Family Youth and Community Sciences, July 2013.
http://edis.ifas.ufl.edu/fy1375

Women and Money: Unique Issues: Money and the Family (FCS7250/FY1354)

Figure 5. Help your children develop guidelines for their spending, and let them make some of their own financial decisions so they learn about the consequences of their spending.Ask any parent and he or she will tell you — it costs money to raise children. Taking into account inflation, a middle-income family may spend more than $295,000 to raise a child born in 2011 to the age of 17. This is not a small amount of money, so you will need to know the types of expenses required to raise your family. This 5-page fact sheet reviews the costs associated with raising children and gives you tips on how to teach your children about finances. By knowing the costs of raising your family and setting up a budget, you can teach your children money management skills that will help them throughout their lives. Written by Lynda Spence, Martie Gillen, and Diann Douglas, and published by the UF Department of Family Youth and Community Sciences, March 2013.
http://edis.ifas.ufl.edu/fy1354

Women and Money: Unique Issues: Money Issues across the Life Cycle (FCS7248/FY1352)

Figure 1. Women often encounter situations in life unique to them that can affect their financial status.Most families depend on a woman’s income to help support the household. Some women are co-breadwinners while others are the only source of income. Throughout a woman’s life, she will experience many money issues unique to women. A woman may experience the following situations: lower earnings, a longer life expectancy, lack of retirement planning, divorce, and fewer years in the workplace because of childrearing or caring for older parents. Many of these issues can work against a woman’s ability to accumulate money and attain stable financial status. This 3-page fact sheet was written by Diann Douglas, Martie Gillen, and Lynda Spence, and published by the UF Department of Family Youth and Community Sciences, March 2013.
http://edis.ifas.ufl.edu/fy1352

Women and Money: Unique Issues – Finances in a Divorce (FCS7247/FY1349)

Figure 5. You should be aware that your divorce settlement can affect your taxes. Consult with a tax professional for advice on handling your taxes immediately after a divorce.Separation and divorce impact family financial management on multiple levels. Women going through a divorce will have reduced resources and the added expenses of the divorce process. If you are going through a divorce, you should carefully examine the financial factors listed in this publication. Also, you should know that sensible planning may help to lessen the financial stress associated with the transition from marriage to divorce. This 7-page fact sheet was written by Lynda Spence, Martie Gillen, and Diann Douglas, and published by the UF Department of Family Youth and Community Sciences, January 2013.
http://edis.ifas.ufl.edu/fy1349