What women can do to empower themselves financially

Bancy Kaleli, a Pension Consultant at Enwealth Financial Services Limited (Courtesy)

According to Bancy Kaleli, a Pension Consultant at Enwealth Financial Services Limited, the narrative of letting male partners take the lead in handling finances beyond paying bills is dangerous because in the event of divorce or death of their partner, such women usually end up traumatised on many levels.

“Besides rebuilding their lives, the biggest challenge becomes getting a grip on their finances, which includes figuring out their sources of income, sustaining their lifestyle, devising a new budget as well as growing their savings,” adds Kaleli.