How you can start saving for a rainy day

It is hard to believe now, but before 1974, most women could not obtain a credit card, auto loan or mortgage without a man to co-sign. This year, we celebrate the 50th anniversary of the Equal Credit Opportunity Act, a pivotal moment that changed the financial lives of women.

Growing up, our grandmothers talked about the days before equal rights legislation when financial independence for women was rare. Their stories could fill volumes, but the advice to “save for a rainy day” is universal and more than just a saying ...