Money Matters for Women’s Financial Independence

Money matters

“The question isn’t who is going to let me; it’s who is going to stop me” – Ayn Rand. When I drew my first salary , a mere amount of Rs.3000 more than a decade and half ago, my heart was pounding  with a potpourri of emotions – excitement, satisfaction, sense of achievement, but the one I vividly remember is the exhilarating thought of Independence. Years on and I reckon it’s one of the best moments in life – ability to take control and move ahead. After all, money matters significantly in our lives. Gone are the days when women were financially dependent on someone for their survival – Father, Husband, Children and so on. Today, with the number of working women rising in rapid numbers, the concept of financial independence is much relevant than ever. Women are excellent managers of wealth creation as well as retention. The orthodox of limiting them from handling financial matters at young age deprives them of their decision making capabilities. In my opinion, the main reasons for women to have financial independence are encapsulated below: 1. Empowerment : Women by nature possess strong qualities of decision making. A well balanced financial portfolio will give an edge to act independently and make better choices in all walks of life. 2. Rainy days : At times of unforeseen contingencies, it’s a blessing to have some money saved up so that the need to bank on someone is minimised. Apart from eventualities, it’s wise to have a Nest […]

Money…..Matters!

Image Courtesy: eharmony A smile, a clap, a beautiful thought or a friendly gesture…..these are some of the the best things in life that are free. For everything there is a price tag attached. A dream of achieving  goal, an ambition of becoming someone, a tourist destination that is worth every penny, an asset that people would envy, a luxury that only few can afford. Money does matter!!!! But it always does not have to seem like a burden. The number of hours one can work and earn is limited but the number of ways in which money can be planned and spent is unlimited. Money comes and goes. However, Finance is what keeps track of money being earned and spent.   Saving v/s Spending: Investment is a kind of money saving technique. When a substantial amount of money is locked for a particular cause for few years, the assurance of that chunk not being spent is there. And it can further be used in future if required. Often investment in property, real estate, land, funds are good ways of stocking up money.  When it comes to spending, there are no clear rules.  Because what may seem a costly luxury to one, would be a simple item for the other.  But it would be good to follow a simple motto “Every penny saved is every penny earned”. So, spending wisely and as much as needed is a simple way of saving too.   Financial independence v/s Financially independent: Financial independence […]