Factors that put women at risk financially

WOMEN are often better investors than men, with research showing they take measured risks, favour long-term holdings, and remain calm during market downturns. These traits set them up for success, yet unique financial risks still leave many women vulnerable—making it essential to recognise and address these challenges for lasting security.

- SHERRY TAPFUMA

Your marriage contract: A marriage contract is not just a legal formality - it determines the financial consequences of your relationship and can have lasting effects on your financial well-being. Surprisingly, many couples have little understanding of what their contract entails. Those married in community of property are especially vulnerable, as they share a joint estate in equal, undivided shares, including all debts. This means that if one spouse is financially reckless, the other may find themselves equally liable for debts incurred.

Not generating an income: Becoming a stay-at-home parent is a deeply personal decision, but it comes with significant financial implications. Firstly, pausing your career often means pausing your retirement contributions, and if you need to dip into savings to cover household expenses, you could erode the very capital you worked hard to accumulate. Further, returning to work later in life can feel like starting from scratch, with fewer years to rebuild wealth.