Stacy Francis Quoted by CNBC: ‘Women’s No. 1 source of stress is money’
‘Women’s No. 1 source of stress is money,’ expert says. Fixing that requires a step-by-step approach
Stacy Francis, President and CEO of Francis Financial met with Lorie Konish from CNBC to discuss the complicated relationship women have with money.
The first step is to aim to “get back to neutral,” Francis said. If you have credit card debt or high-interest loans, paying them down with absolute passion and devotion should be your top goal, she said.
The next step is to establish an emergency fund worth three to six months of your monthly spending.
“That is the airbag, the safety net,” Francis said. “That’s going to protect you from having to use high-interest, dangerous credit cards for some of these unexpected expenses.”