The study by Financial Finesse clearly shows that women lag behind men in financial knowledge. Due to this, women lack the confidence in their finances as well as their ability to meet their long-term income goals. The report said that women lag men in their knowledge "in virtually all areas of finance."
Just because you don't have a will won't keep you from dying. Just because you're young, won't keep you from dying, either. We all think we're invincible. If you die suddenly without a will, then some judge who you've never met, will decide where your stuff goes. If you become sick, it makes it that much more difficult to create your will. So, it's best to have one in place; that way all your desires are cared for.
Yes, if you had no cash you could borrow money, but the only way to do that (within the rules of the game,) was to mortgage your property.
The only way to really find out where you spend your money is to write down everything you spend for three weeks. I say three weeks because it really is true, it takes 21 days to make a habit.