closeup of woman using calculator (Photo: lovelyday12/Adobe Stock)

A new study shows that women are doing pretty well managing their day-to-day finances. The Bank of America’s, Women, Money, Confidence: A lifelong Relationship, shows that 70% of women are doing well paying the bills every month or following a budget (43%).

Longer-term finances are a different story. While 94% believe they will be personally responsible for their finances at some point in their lives, only about 48% feel confident about it and only 28% feel empowered to take action on it. Also, women, according to the survey, say they struggle with paying down the debt (44%), saving for retirement (36%), saving for emergencies (44%), and building wealth (27%).

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