Your twenties and thirties are pivotal years for establishing a solid financial foundation. The steps you take now can set you up for a future of financial security and independence. Don’t wait until later—start taking control of your finances today. Here are key money moves every woman should consider:

Create a budget and stick to it

Budgeting is the cornerstone of financial discipline, allowing you to track your income and expenses and live within your means. It may sound simplistic but simple is best.

Begin by listing all your income sources, then categorize your expenses into essentials (like rent, utilities, and groceries) and non-essentials (like dining out and shopping).

No matter where you are on your financial journey, establishing and maintaining a budget is crucial. In a world full of temptations—especially with the influence of social media—it’s easy to overspend and find yourself with little to no savings.

While occasional indulgences are fine, you don’t want to jeopardize your long-term financial security. A budget helps you stay accountable and in control of your spending habits. However, you need discipline to ensure you can follow your budget.

Educate yourself about investing

Investing is essential for growing your wealth over time. Understanding the basics enables you to make informed decisions and secure your financial future.

Start by learning about short and long-term investments. If you’re unsure, consult a financial advisor to help educate and manage your investments. Your UBA Account Manager or Relationship Officer can assist you make the best investment decisions.

Establish a savings account

No matter what you call it, having extra money in the bank for life’s unexpected expenses can help you push through an otherwise challenging time and give you peace of mind that you have a financial safety net.

Even putting aside 100 cedi per week into a savings account gives you more financial independence over time.

Remember you don’t have to do it alone—get an expert

Financial planning can be complex and time-consuming. Having a trusted expert by your side can provide valuable guidance.

Whether it’s a financially savvy friend or a professional financial advisor, seek out experts who can help you navigate your financial journey.

By taking these steps, women will be well on their way to achieving the financial security and independence they deserve.