If given an extra hour to focus on their finances, women say they’d work on their budget and learn more about investing.

According to a Fidelity survey, if they had 60 more minutes to dedicate solely to their financial future, the top three things would be work on a budget to reduce debt or find new ways to save (42%), learn how to become a better investor (24%) and develop a financial plan and investment strategy (13%).

Unfortunately, for many women, finding time is a challenge. Managing finances and long-term planning are just a small piece of a large pie of priorities women are responsible for, and while many place it on their “to do” list, other priorities often take precedence. As a result, many women have been unable to make financial planning a priority and fit it into their busy lives.

In fact, nearly one-quarter women say they don’t take part in financial decision-making at all. Given the probability that a majority of women will need to be solely responsible for the finances at some point in their lives—due to divorce or outliving a spouse—it’s imperative they take their financial futures into their own hands.

“Many women don’t realize the same attributes that have made them dedicated savers can also make them great investors, and making improvements to a financial plan is easier than they think,” says Kristen Robinson, senior vice-president with Fidelity Investments.

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Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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