Gone are the days when men were the only earning members and the finance minister of the house. We now live in a period wherein men and women play an equal role in working to raise the standards of the family and also help provide a better lifestyle. So if both work hard the odds of leading a high-quality standard of living are guaranteed, once they earn, how to plan on the expenditure and investments is all together with a bigger subject that needs more knowledge.
We surpassed the period where men decide the expenses and allow the budget for household expenditure. The world we now live in wholeheartedly accepts or to put it better believe that women can handle finance equally or should I say much better.
The world of smartphones gives her easy access to buy a gold bond if she wants to invest in gold. Not only that gone are the days where it’s difficult to know how to make money or how to invest. All this is now available at her fingertips just by a click or by asking a query( thanks to Alexa and Siri). Shoot the query and within a blink of an eye, you get results and solutions. It’s now even easier to get certified in the financial sector with the wide range of courses available online through various learning portals. Women can not only equip themselves with knowledge but also start making money by investing and saving. Not to forget that life and medical insurances can also be applied with a click from an app.
The modern world truly opened doors wide for women of this age to explore the world of finances from the comfort of home.
Since women are much better to handle situations and multiple events happening they also forecast long-term plans and can make better investment plans to improve the quality of lifestyle and achieve future goals.
Here are the hows and why I urge women to start investing.
Future goals: Women always think ahead be it the five-year plan or a ten-year plan. They make the blueprints and work on achieving the goal. Improving the quality of lifestyle, acquiring properties, higher education, vacations, and whatnot. Ask her what she wishes for in the future you will get your answers in a jiffy and that too with proper planning and priorities sorted. This is ideally the goal most women have be it someone who works in the corporate or a housewife who helps manage the home.
Learning about investment: Online classes are not only for school-going kids these days but also for adults. Virtual learning opened doors to many fields including finance. Learning centers, youtube, and dedicated Facebook and what’s app groups are now becoming better options to kick start financial learning. Doing this will not only enable you to manage finance at home but could also open doors to various job opportunities which would mean extra income to save more.
Advisors: If managing it on your own is a situation that happens not to worry when you have experts in the field to guide you through the process of selection of investing in where and what. It is completely ok to not know the technicalities and how-tos of investing and take help from experts. As long as your goal is met, this is not something to be worried off.
But make sure to convey what your goal is and how you plan to achieve meaning the milestones that you would want to see before the final goal.
Being financially independent: Every woman working or no, married or single must be financially independent. Unforeseen events can happen anytime with no warning. This could be a recession, loss of property, theft, or even problems in the relationship. If you are financially independent there is nothing to worry off, as long as you can take care of the situation on your own and not sit and brood thinking that you are hopeless and need money.
Better investor: Studies on comparison between man and woman bring out results that women are willing to access risk, patiently learn the how-tos, and not expect quick outcomes. This slow but patient approach marks them separate as better investors than men. They don’t choose shortcuts but are willing to take the longer route to attain their goal.
The lockdown last year saw a lot of women giving wings to their entrepreneurial spirit and give it their best. Supporting them gave me a lot of happiness. Though I’d say that I gained no monetary benefit, the feeling of uplifting people definitely is something above money. But don’t let that die out your dreams.
So if you are someone who is still depending on your better half for finances, there is no much better time than now for you to make the decision. Take smaller steps, take the time to gain expertise, explore the opportunities, choose the best of what suits you, invest, save and live a carefree life and the life of your dreams. Be financially independent and make the world yours.
Saving is an important habit that can be cultivated over time. What matters is to get started and be cautious of how the money is spent.
This post is a part of Blogchatter Half Marathon.’
This blog post is part of the blog challenge ‘Blogaberry Dazzle’ hosted by Cindy D’Silva and Noor Anand Chawla.
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That Madras Mom 
Very well written and quite insightful. I believe that everyone irrespective of who they are must know atleast the basics of finance. And schools should provide a lesson on finance for everyone so that they know how to manage their money when the progress in life.
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I totally agree with you that it’s so important for every woman to understand and learn investment and how it can bring their life in better way.
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I agree.. Final independence makes any one more confident and basics of finance is something everyone should know. Great and will written post.
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Strongly agree with every pointer. Women’s independence in terms of financial matters has become the need of the era. Taking small steps in handling finance gives immense confidence also turns the woman into an excellent advisor in the future.
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Managing your money is very important and generally women tend to overlook this
Very important aspect. A very apt post and elucidated very well
Deepika Sharma
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I loved your blog. I have invested in myself and in improving my skills nowadays. I like the headline “Financially independent”. yes! i agree with you that woman should be …though it increases one’s self-confidence.
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I learnt a hard lesson when I was widowed at 40. Clueless about everything and the family took away all the business and left me with nothing. I started my career at 40 and raised my kids to be independent but now I am without a job and my only source of income-my Homestay has been shut due to Corona. I feel so insecure now. I wish every woman could be financially independent.
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Totally agree! Every woman should know about investments and how stable her life becomes and goals are achieved.
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Being financially independent is very important for every woman. Every woman should know financial future plans and make her investment accordingly.
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Agree with all the points. It is very important for women to be financially independent . Very well written post.
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A very important message for all women to acquire their financial stability. Glad that you shared these information. A very nicely curated and informative post. Also, it’s a reminder for all of us that we should start approaching towards investing as soon as possible.
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I agree with your every point. The more you explore the more you improve. But at the beginning have patience and start with a small. Once you understand how investment helps to make money from money in future days you may also earn more than your monthly salary from your current job.
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It’s high time women moved towards investing their money themselves. As you said, women always think ahead. It’s time they started thinking about investments.
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A very informative post. Every woman should learn how to invest because she can better handle the finances. I agree with the patient outlook of women that you’ve discussed in the last point.
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This is a very informative post and I totally agree women should invest for their better future. Today even women are earning and they should be aware of investment options.
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Finance is not my cup of tea sadly. Never paid any attention and now its too late to learn. I wish I knew as it would make my life easier.
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financial security is so important, you cannot rely on nor burden anyone, I still don’t get it most of the time but I try
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It is extremely important for women to manage their money. My dad and I would sit down every other weekend and he would teach me how to invest in the right policies, funds, etc. Since we lost him, I began managing the investments with my mother. And am proud to say, with quite a success.
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Even homemakers should learn about financial investments and have their own investments to fall back on in case of an emergency. It is not all about kitty parties or saving money in the rice-tin anymore. In fact for special occasions like Women’s Day, instead of spa or shopping sessions, women should be gifted with investment options or lessons.
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I strongly agree with this article. Every woman should be financially independent and should know about the investment basics as well.
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A very important post. Every child, whether son or daughter should be taught how to invest. Children learn the value of money when they manage their own money.
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Personal financial management is something we must all follow, nothing is more empowering than being financially independent.
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I totally agree with you. Saving and Investing money is very important. Especially for women who want to become financially independent.
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Finances is the department dominated by the Male and it is time women start understanding them and start making a move. By breaking the inhibition in investing small. I liked the reasons you mentioned and especially for being independent.
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one reason i always wanted to work was to be independent & Managing your money is very important and generally women tend to overlook this
Very important aspect.
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I am clueless about investing. This article was an eye opener
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