Sunday, 25 January 2009

Women targeted by employers during recession

New government figures reveal that women are twice as likely to lose their jobs as men during the downturn.

Thankfully, at a national level women ministers are on the case. On a personal level there has never been a more important time for women to shore up their financial defences.

Sheconomics has lots of sound advice on this front. Here are just three tips:
• Build up an emergency cushion to cover 3-6 months expenses then you won’t have to go into debt if you lose your job
• Boost your portfolio of skills and training now so you’re able to compete in the job market
• If the worst happens, negotiate payment breaks with lenders until you’re back on your feet.

It's a tough time ahead for women but the most Sheconomic ones will be the winners in the end!

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