Financial happiness is a complex topic. Fulfillment can mean different things to different women. There seems to be a generational divide, however. Each individual person values money differently in their life. Regardless of our own personal feelings on finance, one thing is definitely true; money is something we all need.
Right now, in the United States of America, women control about a third of the household financial assets. But, as wealth grows for women, and as society evolves towards more equal future, the need for women to pursue their own financial happiness and independence is also increasing. The good news is that the digital age has made financial independence easier than ever.
The introduction of new and exciting payment methods has made life easier for everyone. However, it has particularly opened up opportunities for women to pursue their own happiness. Entertainment, business, and even everyday needs have been made a lot more available to women in the 21st century.
Entertainment
The progress we’ve made in mental health research and awareness has led many to understand the importance of entertainment in our everyday life. Work and household maintenance often take precedence for many people. However, neglecting entertainment all together can lead to an increase in stress, anxiety, depression, and even physical maladies.
That being said, in the fast-paced 21st century many of us don’t have time to go to the club or catch a movie or visit a gambling establishment. Luckily, the entertainment markets understand this, and have adapted. Online entertainment is bigger than ever. Streaming, gaming, and even gambling all have their place on the internet.
Online gaming and gambling are especially popular among modern women. Perhaps it has something to do with the neutral design that many online casinos have; or it might have a lot to do with the popular payment method that any woman can use to gain access to casino games. Credit and debit cards are one thing. But, depositing with crypto and e-wallets is also popular.
By having access to different payment methods, women are given the opportunity to better manage their money. For example, using your e-wallet exclusively for entertainment is a good way of knowing how much overall funds you have at your disposal, and how much you can afford to spend having fun. Which brings us to our next point.
Management and Savings
Access to flexible payment methods allows women the opportunity to stay ahead of any financial situation that might arise. E-wallets are particularly useful in this case. Digital wallets are services that let you store and use cash on an online ledger. The best part is that many of them have embraced a wide variety of currency options, meaning you can store both FIAT and crypto on your e-wallet.
Digital wallets are easily accessible and mostly intuitive. But the best thing about them is that they give you an idea of how much cash you have at your disposal at all time. Information is the first step in planning your financial future. But, it doesn’t end there. Flexible payment methods can also help with savings quite a bit.
A lot of people would recommend cryptocurrency as an investment. However, be warned that the crypto market is still in its infancy, which is why it suffers from pretty major volatility. For those who are new to money management and finance, we’d recommend avoiding crypto, and sticking to digital wallets or good old-fashioned funds.
It is also good to know what you are saving up for. If you are thinking about your general future, then you will certainly save up more money. There really shouldn’t be a goal there, other than to accumulate as much as you can. However, in the 21st century, women entrepreneurs are more successful than ever. Plenty of women are saving up cash to start their own business. Flexible payment options can be quite useful for that as well.
Entrepreneurship
Advancements in the digital age have made it easier than ever to start a business. However, they’ve also made the market saturated, meaning new entrepreneurs will not only have to compete against established businesses, but also against fellow start-ups. That means that there must be ways to distinguish yourself from the competition.
Considering the success of alternative payment options, it is easy to say that one of the best ways to set yourself apart is to embrace flexible payments. Of course, cash and credit should be standard. After all, there are still plenty of people who have not adapted to the new digital age. But, including alternatives such as digital wallet payments or cryptocurrency will certainly result in more attention on the brand.
With the addition of alternative payment methods, a female entrepreneur could also cut themselves off from the financial dependence of FIAT currency. After all, the main appeal of crypto is decentralization. It is the very philosophy that the currency was built upon. In other words, the ultimate goal of cryptocurrency is financial independence. Why shouldn’t women use it to achieve their own dreams?
Emergencies
Finally, flexible payment options are great for emergencies. Any good businessman or entrepreneur will tell you that you need a safety net. Of course, the goal of building a business is to reach the top. But, if you get high enough, the fall starts to look more and more dangerous. It is around then that you will realize the necessity for a financial safety net.
Flexible payment options are perfect for such a thing. They offer quick liquidity in a time of crisis. If you find yourself in desperate need of cash, you can dip into your fund and get yourself out of a jam. At the end of the day, that is what being financially independent is all about. Money might not buy happiness, but we certainly do need it to pursue our own. We hope that this article has been helpful in some way!
