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There’s something powerful about reaching your 40s and beyond.
You know what you want, what you won’t tolerate, and you’ve probably learned a thing or two the hard way. (Haven’t we all?)
But when it comes to smart money moves, many women still feel behind — or unsure of where to start.
The truth? It’s never too late to take control of your finances. Whether you’re rebuilding, finally prioritizing yourself, or getting serious about retirement, here are 7 practical, empowering money moves for women over 40.
1. 
Get Crystal Clear on What You Actually Spend
You don’t need a complicated budget — you need clarity.
Print out the last two months of bank statements. Highlight:
- Fixed expenses (rent, bills, etc.)
- Discretionary spending (coffee runs, shopping, dining out)
- Subscriptions you forgot you had
Why it matters: Awareness = power. You can’t improve what you don’t know.
2. 
Prioritize Health Savings (Yes, Now)
Health costs tend to rise as we age. If your job offers a Health Savings Account (HSA) or Flexible Spending Account (FSA) — use it!
Not only do these accounts lower your taxable income, but they also let you plan ahead for vision, dental, prescriptions, and future medical needs.
3. 
Pay Down High-Interest Debt Like a Boss
Debt can feel overwhelming, but it’s not forever.
Start by focusing on high-interest credit cards or personal loans. Use a method like:
- Snowball: Pay smallest balances first (for quick wins)
- Avalanche: Pay highest interest rate first (to save the most money)
Either way, make a plan and stick to it. Your future self will thank you.
4. 
Revisit (or Start) Your Retirement Plan
If you haven’t checked your 401(k), IRA, or pension plan in a while — now’s the time.
Ask:
- Am I contributing enough?
- Are my investments too risky (or too conservative)?
- Can I catch up with “50+ catch-up contributions” soon?
It’s okay if you started late. Consistency matters more than perfection.
5. 
Invest in Your Wisdom & Skills
Whether you want to pivot careers, start a side hustle, or simply sharpen your skills — your brain is your best asset.
- Take an online class
- Start a consulting gig
- Write that blog, book, or business plan
Who says reinvention is just for 20-somethings?
6. 
Protect Your Peace and Your Purse
Financial wellness isn’t just about numbers — it’s about peace of mind.
- Update your will and beneficiaries
- Get (or review) life insurance
- Set boundaries with money-draining relationships (we all know at least one)
Financial boundaries = self-respect in action.
7. 
Give Yourself Permission to Enjoy Your Money
You’ve worked hard. You’ve sacrificed.
And while saving and planning is essential, so is joy.
Plan for a trip. Budget for monthly treats. Spend with intention — not guilt.
Because being “savvy” isn’t about never spending.
It’s about knowing what truly matters to you — and making space for it.
Final Thoughts: This Is Your Money Season
Whether you’re catching up or just getting started, know this:
You are not behind. You are not alone. And it’s never too late to build a strong, smart financial life.
Your 40s and beyond aren’t a “winding down” — they’re a leveling up.
You’ve got this, and Your Savvy Purse is here to help every step of the way.
