She may not be able to “hear” the advice to plan for her future if she has no idea what she wants, and if there is a pressing need going on right now (like paying for child-care).
The extra money for pension planning can be tempting to tap into. It’s important to listen to her needs and desires, and to work with her to come up with a realistic plan that focuses on her as an individual.
Clear explanations, free of jargon for a particular management plan, will go a long way to help too.
By actively demonstrating the impact that small, simple changes can have on her future financial health, I believe it will help more women to get on board with some short-term sacrifice for the future they deserve.
Dr Nikki Ramskill is founder of The Female Money Doctor