MONEY: Women Vs. Men

Women handle finances differently and face unique challenges. Here's how to come out on top.

When it comes to money, women really are different from men. What sets them apart is the different situations they will face during their lives, each with financial implications.

For example, women have longer life spans and more checkered work careers than men, moving in and out of the paid labor force more frequently. When they marry, they often face a special kind of financial dependency that is not always unwelcome but can work to their disadvantage and may be discomfiting. They often bear the main responsibility for rearing children, and then take on the added financial burden of caring for aging family members. Finally, after years of having their financial lives intertwined with the lives of others, they face the prospect of years on their own following the death of a spouse and the launching of children.

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Janet Bodnar

Janet Bodnar is editor-at-large of Kiplinger's Personal Finance, a position she assumed after retiring as editor of the magazine after eight years at the helm. She is a nationally recognized expert on the subjects of women and money, children's and family finances, and financial literacy. She is the author of two books, Money Smart Women and Raising Money Smart Kids. As editor-at-large, she writes two popular columns for Kiplinger, "Money Smart Women" and "Living in Retirement." Bodnar is a graduate of St. Bonaventure University and is a member of its Board of Trustees. She received her master's degree from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.