Dots Array

Home   >  

Blog  >   

Women and Finance: Empowering Financial Literacy for Females

Women and Finance: Empowering Financial Literacy for Females

How do men and women, or boys and girls, compare in terms of financial literacy? It may be easy to think that they’re roughly equal, but female financial literacy levels are often lower than their male counterparts — as is their confidence surrounding matters concerning money.

There are larger gender-related issues at play that take a role in how or why women may be less confident when handling money. But what we do know shows that financial literacy rates for females could use a boost. 

Consider this: ‘

  1. 62% of women are behind on retirement savings, while 48% of men are.
  2. When it comes to women in finance, women comprise 52% of entry-level workers but only 27% of executive roles. 
  3. Less than half of women are confident about their finances.

Further data shows that women trail men in a number of areas of financial literacy, including borrowing, saving, insuring, investing, and comprehending risk. Overall, the data paints a picture: Women aren’t as confident, and are often behind when it comes to handling their finances. The good news is that there are ways to course-correct. Increasing financial literacy and financial fluency is the key.

Implementing some relatively straightforward financial strategies can also help instill and generate confidence, too. That includes creating and sticking to a budget, thinking about ways to further your career or increase your income, or even starting a simple investment portfolio with broad-based assets like index funds.

Those are small steps, but they can get the ball rolling, and help build momentum. Finance is like any other topic in life: You can learn more about it, and become more confident as you go. We’ll all make mistakes — no matter our gender — but it’s all part of the process. With that in mind, Money Vehicle does offer a path to financial literacy for those looking for it.

The Path to Financial Literacy for Women (and Others)

As a quick reminder, Money Vehicle’s core tenets are as follows — and these can be used as a path to financial literacy for women, or others.

  1. Setting monthly and yearly Personal Finance Goals
  2. Quantifying how much their individual plan can put toward the future 
  3. Setting up a Cash Management system
  4. Opening foundational bank accounts 
  5. Starting credit history with a credit card
  6. Identifying a first investment through Index Funds
  7. Diagnosing ways to confirm coverage and lower your insurance costs
  8. Implement proactive ways to prevent cyber-attacks
  9. Synthesize the transaction from Gross to Net income and quantify Federal Income Tax liability 
  10. Open a Roth IRA

Whether you’re a man, woman, or identify otherwise, we believe that financial literacy is paramount to a happy and healthy life. Using the tenets listed above as a guide, Money Vehicle hopes to close the financial literacy gap, and help everyone, of all stripes, reach their financial goals.

Be sure to grab a copy of “Your Money Vehicle: Financial Literacy for Beginners,” written by Money Vehicle’s Founder and CEO, Jedidiah Collins! And if youlike what you see, you can get more content sent directly to your inbox! Sign up for the Money Vehicle Movement Newsletter!

And check out our white paper: “Strategies for Increasing Financial Literacy Rates Among High School and College Students”

More from Money Vehicle:

  1. Can AI Help You With Your Finances?
  2. The Top Parent Concerns For FinLit Courses
  3. Walt Disney, Michael Jordan, and You: What’s the Common Denominator?



For exclusive content and early access to all the blog content

The Money Vehicle BLOG is a collaborative effort between founder Jedidiah Collins,CFP®
and Money Vehicle graduates. They tackle a host of topics from Mindset, Investing, Debt,
Insurance & much more!


Download your free guide instantly by entering your details below. Elevate your financial knowledge now!

Thank you for your submission! Your download is ready. Access your free guide now:

Want to test drive The Money Vehicle Program for yourself? Click here to get the keys to log into the Money Vehicle Platform!

Thank you for contacting our support desk, we have migrated to a new platform to better serve you. In order to properly assist you, please click the email address or send an email to Please ensure to include the following:


  1. Full Contact Information
  2. Details on the issue you are encountering
  3. Best time to contact you in the event a phone call is required.


Thank you,
YMV Support Team

Contact Us