By wisdom a house is built, and through understanding it is established; through knowledge its rooms are filled with rare and beautiful treasures.
Proverbs 24:3-4
How many short-term financial decisions do you make each week? You probably make more than a few. They may feel routine. They may demand your attention, day in and day out. Yet in managing these day-to-day issues, you can be drawn away from making the long-term money decisions that could prove vital to your financial well-being.
How many long-term financial decisions have you made for yourself? How steadily have you saved and planned for retirement? Have you looked into ideas that may help to lower your taxes or preserve more of the money you have accumulated?
Women are often the financial decision-makers in their households – they not only make the lion’s share of the nation’s consumer purchasing choices, they also influence or handle many buying decisions on durable goods such as cars and houses.
While many women feel adept at making money decisions for today, some are less confident about making financial decisions for tomorrow. That anxiety may be unwarranted, however.
University of California professor Terry Odean has spent more than 20 years ...
