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Financial literacy is necessary for everyone with gender no bar, something women still have to work at, whether homemakers or working women.
Financial literacy for women is an issue not much addressed in our society. Most of us shy away from admitting that we lack in financial literacy, and many people are not even aware that this happens. A large segment of women, not only in India but abroad as well, avoid dealing with financial/ banking jargon and tasks.
Cash flow, debit, credit, insurance, loans, rate of interest, savings … too much to handle? As banks and finance is all about our money, in order to stay safe and avoid any blunder, we ask the male members to deal with a large part of it.
A recent study conducted by the Global Financial Literacy Excellence Center checked the degree of knowledge among men and women about the stock market, inflation and interest rates. The results were really disappointing and bothersome. The percentage of men was 16 percent higher than the women participated in the survey.
Among various kinds of gender gaps, this is another major kind of gap that mostly women deal with, nation / continents no bar. The incompetence in financial literacy makes women face its repercussions in their daily life. They find themselves in deep water the moment they fall in a situation that requires them to deal with their finances by themselves. This can lead to further financial complications like crossing of deadlines, defaulting of the loan EMIs, dealing with taxes and much more.
This issue needs attention and each one us must take an initiative to improve the awareness of our own finances, if we are to be truly independent.
There are several initiatives coming up lately that are imparting financial literacy and bridging the gap worldwide. Some of such organizations serving for this noble deed are – The Women’s Institute for Financial Education (WIFE), The Financial Literacy Organization for Women and Girls (FLOW), Women’s Institute for a Secure Retirement (WISER) and The Financial Women’s Association to name a few.
Women can take the aid of the free online resources available on finance. They give you a clear picture of the entire finance scenario – of things you do not understand related to your bank account. It will be a good idea to enroll yourself into financial literacy programs – a step that will empower you more than ever before. These programs help women to sharpen their basic banking, investing and saving skills.
A proper grounding in financial literacy will save you from all the tough times in life, whether you are just a housewife or a working woman. Having the knowledge of financial jargon is always something you will never ever regret.
Published here earlier.
Image source: shutterstock
PSYCHOLOGICAL COUNSELLOR FOR THE PAST 5 YEARS. MA PSYCHOLOGY, Diploma in Community Mental Health, NIMHANS Former Forensic Psychologist Intern. Former content writer. Double Masters in Computer Applications & in Psychology. B.A in Hindustani Classical Music. read more...
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Shows like Indian Matchmaking only further the argument that women must adhere to social norms without being allowed to follow their hearts.
When Netflix announced that Indian Matchmaking (2020-present) would be renewed for a second season, many of us hoped for the makers of the show to take all the criticism they faced seriously. That is definitely not the case because the show still continues to celebrate regressive patriarchal values.
Here are a few of the gendered notions that the show propagates.
A mediocre man can give himself a 9.5/10 and call himself ‘the world’s most eligible bachelor’, but an independent and successful woman must be happy with receiving just 60-70% of what she feels she deserves.
Darlings makes some excellent points about domestic violence . For such a movie to not follow through with a resolution that won't be problematic, is disappointing.
I watched Darlings last weekend, staying on top of its release on Netflix. It was a long-awaited respite from the recent flicks. I wanted badly to jump into its praise and will praise it, for something has to be said for the powerhouse performances it is packed with. But I will not be able to in a way that I really had wanted to.
I wanted to say that this is a must-watch on domestic violence that I stand behind and a needed and nuanced social portrayal. But unfortunately, I can’t. For I found Darlings to be deeply problematic when it comes to the portrayal of domestic violence and how that should be dealt with.
Before we rush to the ‘you must be having a problem because a man was hit’ or ‘much worse happens to women’ conclusions, that is not what my issue is. I have seen the praises and criticisms, and the criticisms of criticisms. I know, from having had close associations with non-profits and activists who fight domestic violence not just in India but globally, that much worse happens to women. I have written a book with case studies and statistics on that. Neither do I have any moral qualms around violence getting tackled with violence (that will be another post some day).