Kelly Racicot, RICP®
Money confidence is one of the greatest gifts you can give yourself. For women 50 and beyond, it’s not about chasing perfection—it’s about knowing you’re in control of your financial future. You’ve already proven your strength in so many ways: raising families, managing careers, caring for loved ones, and navigating life’s transitions. Now it’s your time to feel empowered and confident with your money. These seven tips will help you build clarity and peace of mind—because you deserve to live the life you’ve worked for. These seven tips are designed to help you feel more confident, capable, and in control of your financial journey.
1. Get Clear on Your Numbers
The first step to confidence is clarity. Many women shy away from looking closely at their accounts, but knowing exactly what you have and what you owe is empowering. Gather your bank statements, investment accounts, insurance policies, and any debts. Create a simple snapshot of your current financial position. Once you see it on paper, you’ll feel more in control and better prepared to make decisions.
2. Set Goals That Reflect Your Values
Money should support the life you want—not the other way around. Ask yourself: What does financial success look like to me? For some women, it’s traveling freely. For others, it’s helping children or grandchildren, supporting a cause, or simply enjoying a worry-free retirement. Define your goals and write them down. When your financial decisions align with your values, confidence naturally follows.
3. Educate Yourself (One Step at a Time)
The financial world can feel overwhelming, but you don’t have to learn everything overnight. Pick one area—like understanding Social Security, learning about investments, or brushing up on tax planning—and dig in. Read, attend workshops, or work with a trusted professional who can explain concepts in plain English. Knowledge is confidence, and every step you take makes you stronger.
4. Build Your Team of Support
You don’t have to go it alone. Surround yourself with professionals and allies who have your back—whether that’s a financial advisor, accountant, attorney, or a trusted friend who can serve as a sounding board. Having a team gives you both expertise and accountability. Remember: even the most successful women rarely manage everything solo. Confidence grows when you know you have the right people in your corner.
5. Practice Money Mindfulness
Confidence isn’t just about spreadsheets—it’s about mindset. Pay attention to how you talk to yourself about money. Do you catch yourself saying, I’m just not good with finances? Try flipping that script: I’m learning, I’m capable, and I’m in control. Small shifts in language can make a big difference in how you feel. Consider keeping a money journal to track progress, wins, and lessons learned.
6. Celebrate Your Progress
Financial confidence is built over time, not overnight. Every time you organize a statement, set aside savings, or learn something new, take a moment to celebrate. Too often, women focus on what’s left to do instead of what they’ve already accomplished. Recognizing your progress builds momentum and makes the journey feel less daunting—and more rewarding.
7. Review and Refresh Regularly
Life changes, and your financial picture changes with it. Retirement, health issues, family needs or even new dreams and goals can all affect your financial picture. Schedule a regular meeting with your financial professionals to address your picture. By adjusting as life evolves, you’ll stay confident knowing you’re addressing today’s reality, not yesterday’s.
The Bottom Line
Money confidence isn’t about perfection—it’s about progress. By taking small, intentional steps, you’ll not only strengthen your financial future but also gain peace of mind knowing you’re in charge of your money, not the other way around.
You deserve to feel confident, secure, and proud of the financial life you’ve built. Start with one step today, and watch your confidence grow.