Spreading The Word About Money Matters To Alabama Women

By Alabama NewsCenter Staff

The charge was clear to this year’s attendees of the Alabama Women’s Commission’s sixth annual IMPACT event in Montgomery: Take something they learned at the Tuesday event back to their communities and groups they work or have influence with, and start talking about money matters with women.

“Women should understand the inflows and outflows of money in their life and households. Start today,” said Sommer Morris, financial adviser with The McInnes Morris Group, Morgan Stanley. “Invest in yourself.”

Morris was part of an all-female panel that focused on financial literacy for Alabama women. Stephanie Yates, director of the Regions Institute for Financial Education at the UAB Collat School of Business, urged women to be better planners.“Thirty-four percent of women have an emergency fund. Fifty-three percent of men have an emergency fund,” she said. “On average, women make $400,000 less in a lifetime than men.”

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