Tuesday 19 November 2019

Why women need financial planning?



In the process of women empowerment, economic empowerment is given top most attention, because, it is a universally accepted fact that, financial dependency on men is the basic reason for the sufferings of women and their “suffering in silence” behavior.  Ever since this realisation has set in the girl’s minds, there is a welcome progress in girl’s education and employment. But, our education system does not provide financial literacy to the students. Hence, most of the working women think ,it is the responsibility of men to manage expenditure, saving and investment   decisions and choose to remain ignorant on these matters until, they meet with personal crises in life  and have to manage their life on their own. Due to financial illiteracy, they tend to rely blindly on friends or relatives and some wrong decisions on financial planning lead them to irreparable loss of their hard earned money. Hence, Imparting financial literacy  should be part and parcel of women empowerment process as is the case, with health  and legal literacy