Crucial Rule For All Women: You must, it's absolutely critical that you have your own savings account, in your name only, with at least enough money to live off of for three months. This can not be stressed enough.
Many women have learned this the hard way. You could be in the perfect marriage, it doesn't matter, all women need to have at least three months of living expenses in case of the unexpected. It's better to be safe and prepared than sorry.
A lot of women, even intelligent educated women may not even think of this, much less actually do it. There is nothing wrong with being a stay at home mom, with no income of your own, being supported by your husband. However if you don't have your own personal savings, this can lead to disaster.
There's been too many unfortunate cases where women depend solely on the income of their husband and end up homeless on the streets or sharing a room with their kids in their parent's house.
What did all of these women have in common besides the fact they relied on their husband's income, the marriage didn't last and they ended up in awful circumstances? They didn't think it would happen to them! Nobody does, but it's imperative that all women be prepared.
What would you do if your husband unexpectedly died? What would you do if your husband came home and announced he was leaving you-that night? Could you pay all of the bills and support yourself and your children?
If you're counting on child support payments, think again. It could be months before child support is ordered and if your husband doesn't give you enough money of his own free will, what will you do?
For your sake and your children's sake, you must have an emergency fund in case you are forced to support yourself and your children. You don't want to tell yourself that you will never be in that situation, because no woman planned on being in that situation.
Middle class housewives living in nice houses have ended up living in their cars, in shelters, or sleeping on the couch in a friend's house after something unexpected happened and left them completely blind sided and unprepared.
Think about it. Do you drive a car without insurance? Would you want to live in a home without homeowners insurance or not have medical insurance? You need to be protected.
What about this? What if you were miserable in your marriage and wanted out? Do you have enough money to get your own place, pay the bills, buy groceries, etc? Are you counting on being able to find a job quickly and easily? Well sometimes it can take months of active job searching to get hired. Then after you started working, you would need to save money to be on your own. Would you want to spend another year suffering in a bad marriage because you simply can't afford to get out?
It's happened to countless women and they tell every woman they can, "Be prepared, so what happened to me doesn't happen to you." Women who have lived through this would advise all women to have this personal savings account ready before they even get married.
You need enough money for a security deposit on an apartment, three months of rent and utilities, gas, food, money for other necessities, and preferably money to see a divorce lawyer. Even if you need to get public assistance, that takes time to take effect also. Estimate how much this would cost in your area and get this in your own savings account.
Stay at home Moms who rely on their husband's income are in a dangerous situation in case of death or separation. What if your husband unexpectedly announced he didn't love you anymore, he found another woman and he is moving in with her? On top of being shocked, heartbroken, and distressed, you would also find yourself in a financial crisis, which is the last thing you would need at a time like that.
At least if you have your emergency fund that will support you and your children, you will be protected in case you need to leave your marriage or your husband decides to leave you or in case of death. You will be able to support your family without having to work for three months, which will give you time to find a job.
No wife wants to think this will happen to her, and it is an unpleasant thought, but it's imperative that all women be prepared just in case. Nobody but you needs to even know this savings account exists. And if that money is never needed, then great. It didn't hurt to be prepared.
Even single women need to know this crucial rule, for they may find themselves in love and planning on saying "I do" soon.
