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Women Taking the Reins on Their Finances

March is Women’s History Month, and we want to celebrate the achievements of women around the world. Women are making incredible advancements socially, culturally, politically — and yes, economically. Traditionally, finance is a field that’s been associated with men, from financial advisors to household financial managers. But, things are changing. 

According to Boston Consulting Group, women control nearly one third1 of the world’s wealth today. And more women are managing household finances as well – 70% of millennial women take the lead in financial decisions, as opposed to just 40% a generation before. Arguably, there’s never been a better time to champion women as they invest, accrue wealth, and build a bright financial future for themselves and their families.

Why Financial Independence Matters

Financial independence can be a game changer for men and women alike. Simply put, becoming financially independent means generating enough income and accruing enough assets to care for yourself for the rest of your life – rather than depending on someone else to provide it for you. At SageSpring, we support women who step into financial freedom in this way, whether alongside their partners or as a single adult. 

If you’re a woman who wants to take the reins on your finances, we would love to walk alongside you. There are two main ways you can step into financial independence: 

1. Build a financial plan that works for you. 

From creating a household budget to paying off debt, it’s important to have a well-drawn plan that works for your goals and lifestyle. When you use your resources wisely, you can step into the driver’s seat of your own financial future. 

2. Invest into your future. 

According to a recent study, less than 50% of women invest in the stock market.2 But when you choose to strategically invest your resources, that money has the potential to accumulate, furthering your financial progress in life. We encourage you to invest into your future by saving for retirement, making wise investments into the stock market, and building an emergency fund.

How to Plan Your Finances as a Woman

Taking stock of your current financial situation is one of the best ways to build a better financial future. A strong financial foundation can be built when you know where you stand and set goals for where to go next. If you want to get a clear picture of where you are financially, here’s what we recommend considering.

Evaluate your household budget. 

Write down all of your income sources, along with your fixed and variable expenses. This will help show you where you may need to reduce specific expenses or where you have extra money to save.

Save for the short term. 

Unexpected expenses are an unfortunate part of reality for all of us from time to time. But when you have a cushion to land on, these unpleasant surprises can cause less of a stir. By creating  an emergency fund for these scenarios, you can be better prepared for the unplanned circumstances. 

Pay off your debt. 

When you have a clearer picture of your financial situation, this gives you the opportunity to see  how to pay off your debt, from credit card bills to student loans or other looming expenses. If you need help creating a plan that works for you, one of our  financial advisors can help. 

Save for the long term.

You can do this by allocating  a portion of your income to savings, whether that’s through a company retirement account, an IRA, or another long-term personal savings goal. We recommend that this money be “untouchable” once it’s been deposited so that you can accrue wealth for the future. 

Women and Investing

Smart investments have the potential to positively impact on your finances as well. In order to create a plan that works well for you, it’s important to determine your retirement goals and expenses. Once you’re set up with a steady retirement savings plan, you can invest wisely in other places according to your cash availability and risk tolerance. 

There are a variety of investment options available, and each of them offer advantages and risks. To identify what type of investing works best for you, we encourage you to meet with a financial advisor who can help. Our process is unique by first identifying your goals, preferred timeline, and risk tolerance, and then choosing a method that aligns with those factors to start building a financial future you’ll be proud of!

At SageSpring, we have a number of incredible female advisors who are passionate about helping women succeed when it comes to finances and investing. Start a conversation with one of our team members today to get trusted resources and guidance. We’re here to answer any questions you have and help you continue down the road to becoming financially savvy.

Our team of female financial advisors would love to hear from you. Click their information below to reach out today!

Katie Centofonti, CFP
Centofonti Wealth Team

Laurie Snively
Snively Wealth Team 

Elisa Jones
Sircy-Hurd Wealth Team 

Melissa Jones, CFP
Tunstall Wealth Team 

Jennifer Herendon
Aull Wealth Team 

Lindsey Wilson
Hart Wealth Team

Hannah Patterson, CFP
Deering Wealth Team

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Jeffrey T. Dobyns


President, SageSpring | Financial Advisor, RJFS 

Jeffrey T. Dobyns

President, SageSpring | Financial Advisor, RJFS

Beyond crunching numbers and investment strategies, at SageSpring, we’re about building relationships. When you encounter Founder & President of SageSpring, Jeff Dobyns, it’s easy to understand why this is at the very heart of who we are as a firm. You won’t find stuffy formalities with Jeff; instead, you can expect to find him sharing a warm smile, communicating a compelling vision, or patiently untangling life’s complex challenges with clients. He believes in truly getting to know clients, understanding their aspirations and priorities, and navigating their financial plans with a tailored, comprehensive approach. Our team members have often been caught taking notes on Jeff’s effortless relationship skills from a distance, and we admire them for striving to learn from one of the best. 

Jeff’s financial expertise and wisdom are the perfect match to his innate people skills. Jeff holds the prestigious CERTIFIED FINANCIAL PLANNERTM certification, Chartered Life Underwriter (CLU®), and Chartered Financial Consultant (ChLU®) designations, and has held executive positions with financial planning firms for more than two decades. 

His dedication extends beyond the office to the boardroom and the local community, where Jeff is passionate about giving back. He serves as Chairman of the Board of Men of Valor, a prison ministry and mentoring program. Jeff also serves on the board of Send Musicians to Prison, which shares hope, healing and restoration with the imprisoned through musicians & artists. Jeff actively supports other initiatives in the community by sitting on the board of The Signatry of Middle Tennessee and the Halftime Institute of Nashville. 

Witnessing his four children, Gracyn, Hunter, Tanner, and Logan, excel on the field is almost just as rewarding, if not more, than celebrating the victories of seeing his clients overcome obstacles and build wealth. Spending weekends boating on the lake, hiking mountain trails, and fishing with his family are the moments Jeff cherishes most. It’s this grounded perspective that reveals the true meaning of wealth for Jeff: not just numbers on a page, but the freedom to create experiences that enrich your life and the lives of those you love. When you choose the Dobyns McMillin Wealth Team, you choose more than financial expertise. You choose a partner who champions your dreams, celebrates your victories, and walks besides you on the path to achieving your unique goals.

**Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER TM, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.