Negotiating your salary or a promotion starts with thorough research—know the market rate for your role and location by using resources like Glassdoor or Payscale. Practice your pitch, focusing on your achievements, unique skills, and the value you bring to your team. Do not be afraid to ask for more than the initial offer, and remember that benefits and professional development opportunities can also be negotiated. Consider timing your request after a successful project or performance review. Seeking mentorship from women who have successfully negotiated in STEM can also provide valuable insights and confidence.

There are many scholarships, fellowships, and grants dedicated to supporting women in STEM fields, offered by universities, nonprofits, and industry associations. Examples include the Society of Women Engineers (SWE) scholarships, the AAUW Selected Professions Fellowships, and tech company-sponsored awards. These programs often consider academic achievement, leadership, and community involvement. Start your search early, and do not hesitate to apply for multiple opportunities to increase your chances. Many organizations also offer mentorship and networking in addition to financial support.

Begin by setting clear financial goals and creating a budget that allows for regular investing, even if the amounts are small at first. Take advantage of employer-sponsored retirement plans like 401(k)s, especially if there is a company match, and consider opening an IRA for additional tax-advantaged savings. Diversify your investments across stocks, bonds, and mutual funds to manage risk and maximize growth potential. Educate yourself on basic investment principles and consider consulting a financial advisor for personalized guidance. The earlier you start, the more you benefit from compound interest over time.

Retirement planning should start as early as possible, with consistent contributions to retirement accounts such as 401(k)s, IRAs, or Roth IRAs. Women in STEM may face unique challenges, like career breaks for caregiving, which can impact long-term savings and Social Security benefits. To mitigate this, try to continue contributing to retirement accounts during breaks, even at lower amounts, and consider spousal IRAs if married. Review your retirement plan annually and adjust as your career and life circumstances change. Consulting a financial planner can help you create a flexible, resilient retirement strategy.

List all your debts by balance, interest rate, and minimum payment to create a clear repayment plan. Prioritize paying off high-interest debt first, such as credit cards, while making at least minimum payments on other loans. Consider refinancing or consolidating student loans to lower your interest rate or monthly payment, but review the terms carefully. Explore federal loan forgiveness programs or employer repayment assistance if you qualify. Automating payments and tracking your progress can help you stay motivated and avoid late fees.

Health insurance is essential to protect against medical expenses, and many employers offer comprehensive plans. Disability insurance is often overlooked but is crucial, as it replaces income if you are unable to work due to illness or injury. Life insurance is important if others depend on your income, especially if you have children or significant debts. Review your employer’s benefits and consider supplemental policies if your needs are not fully covered. Regularly reassess your coverage as your career and personal circumstances evolve.

Building an emergency fund with three to six months’ worth of living expenses is your first line of defense against unexpected events. Keep important documents organized and understand your legal rights regarding employment, marriage, and business agreements. Consider legal insurance or consulting a financial advisor for guidance on complex situations. Maintain a strong professional network to help with job transitions if needed. Regularly review and update your financial plans to ensure you remain protected as your life changes.

Start by fully understanding your benefits package—read the details about retirement plans, health savings accounts (HSAs), and stock options. Contribute at least enough to your 401(k) to get the full employer match, as this is essentially free money. Use HSAs for medical expenses and take advantage of their triple tax benefits. If you receive stock options, learn about vesting schedules and tax implications before exercising them. Periodically review your benefits during open enrollment and adjust your choices as your needs change.

Look for advice from reputable sources such as certified financial planners (CFPs), nonprofit organizations like the Society of Women Engineers (SWE), and women-focused financial communities. Many universities and professional associations offer free or low-cost financial workshops and mentoring programs. Online platforms like Ellevest and Investopedia also provide educational content geared toward women. Be cautious of unsolicited advice or high-fee services—always verify credentials and seek recommendations from your network. Joining women-in-STEM groups can connect you with peers who share similar financial goals and challenges.

Set aside regular time, even if brief, to review your finances and track progress toward your goals. Automate savings, bill payments, and investments to reduce the mental load and ensure consistency. Use budgeting apps or financial dashboards to streamline your money management. Consider working with a financial planner who understands the unique demands of STEM careers and can help you prioritize effectively. Remember, small, consistent actions can make a big difference over time, even with a busy schedule.