of debt traps. She says, “This age
group is not well-informed about
high interest rates. Online shopping
with attractive discount offers are
well-crafted to make them spend
more, and non-discretionary
expenses are rising.” Rasal explains
that 90 per cent of millennial
women up to the age of 30 are
without financial liabilities and like
to spend on mobile phones or other
entertainment gadgets to keep up
with the latest trends. To keep a
check on unnecessary spending one
could maintain an expense tracker.
Another smart way would be to
allocate credit or debit cards as per
spends, so one can easily calculate
how much they spend and enjoy the
value-add services offered by card
companies as well.
With more educated and highly
qualified women entering the
workforce, India’s economic, as well
as, social landscapes are going to
witness a landmark shift. When it
comes to financial independence,
the personal and the impersonal are
usually well-connected and have
corroborative existence. As Gaurav
Mashruwala, financial planner and
author, says, “Life is not just meant
to be planned, it is meant to be
lived.” The small steps must begin
from within; one family unit at a
time and one dream at a time.
[email protected]Woman stay away from money & finance – saying father, brother,
husband will look into it,
What if money is about your choices, about your freedom would you get
involved a bit?People who handle money, make it all sound so complex and hard
Making fun saying it would be enough if you handle the debit card.This year don’t be too busy, for you let us make money easyIf you are single you should enjoy the freedom that earnings give
Save for travel, higher education; you see you decide how you live!For a single mother earning, education, etc you have a lot on your hand
Emergency Fund, Health & Life Insurance, Education Goal SIP should
be part of your magic wandLean in to your investments, ask questions, nobody came knowing it all
Overtime it gets easy, you will learn to ride the rise and the fall!Women & Finance
By
Uday Dhoot, CFASpecial
50 Outlook Money March 2018 http://www.outlookmoney.com