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Mother's Day is almost over, but if your want to get your mom some long lasting, meaningful financial gifts that help to secure her future, you can still do it in this week.
Mother’s Day is almost over, but if your want to get your mom some long lasting, meaningful financial gifts that help to secure her future, you can still do it in this week.
On Mother’s Day, we all want to show we care and bring meaning to our gifts. A Hallmark Card is a beautiful gesture. But let’s add something truly remarkable which translates into care, security and love. Say Happy Mother’s Day with these financial gifts. They would require investment and your mother would reap the benefits for years. Thus making the gift a beautiful memory in the long run.
So here’s the list of 8 financial gifts for Mother’s Day:
Indians are fans of secure investments. We love Fixed Deposits, RDs and PPFs. Our zeal for them has not changed with time. I suggest you gift your mother a mutual fund.
Research to pick one that has shown good performance in the last 5 years. Don’t go for 100% equity or 100% debt. Keep it balanced – with a right mix of debt and equity and gift it to your mom. Buy an open-ended fund as there is no lock-in period in them. She can redeem them as per her needs.
What better gift to the women who made you independent than this? Teach her technology so she can manage her bills, bank accounts and investments at the click of a button.
Most of our mothers carry smartphones. Download the app of her bank. Link all the monthly payments to it. Teach her how to operate it so she is self-reliant. While at it, download a money management app, and teach her to keep an eye on her spendings. She can budget and track her spendings using our app.
My mother has always been fascinated with Singapore. She is a cleanliness freak. Since the day she came to know that Singapore is the cleanest city in the world, she has dreamt of going there. But as luck would have it, she has not been there yet.
This Mother’s Day I’m thinking of starting a fund where I would contribute monthly so I give a trip to Singapore a concrete shape in the near future. You can do the same. Travel, a piece of jewellery, or anything your mother fantasises about – make a fund to turn her dream into reality.
I read many inspiring stories of women who started their entrepreneurial journey after retirement. My friend’s mother started her bakery 2 years ago. She is successfully running it with the help of her family. She had some savings and the rest the pooled in by her children.
You can also do the same. If your mother has a talent or desires to start her own venture, you can help her with it. You can ask your siblings to contribute. This would help to speed up the process. Contribute both in terms of money and effort.
Mothers are very passionate about certain ideas. My mother loves organic products and handicrafts. She is an environmentalist at heart. She supports farmers, craftsmen and potters.
This Mother’s Day I’m taking her endeavours to the next level by giving her the stocks of the company which has the same philosophy as hers.
My father always blames my mother for misplacing the documents. He always hands it to her for safekeeping and apparently she always forgets. If this seems to be the story of your parents too, teach your mom to scan documents and store it on her phone, tablet or save it in email.
Download any scanner app on her phone. I’d suggest to buy her a subscription of a good app. Initially you store all her existing paperwork as it would be too daunting for her. Then teach her to scan, attach to an email or store it an online so your parents can fetch it anytime.
Be her CA or Tax Consultant for a day. Asses what she owns. Calculate if she has any debt. By that I mean if she keeps an account with the neighbourhood grocery store. Check how she makes sure she is billed properly and pays on time. Help her streamline the process if you feel there is any discrepancy. Double check her life insurance. Note down the premium payment date for future reference. Remind her next time so she feels cared for or set up an auto reminder on Google Calendar for her. Buy her home insurance or insure her jewellery if she keeps some with her all the time. Take steps to make sure she feels secure and stress-free.
Spread some goodness on Mother’s Day and donate to the charity your mother believes in. You can pick her favourite NGO, orphanage or old age home. But don’t think of only writing a cheque. Go with her and spend some time too. It would make your mother proud and special.
What are your plans for Mother’s Day? Are you giving your mom something special? Do you have some unique ideas to add to the above list of 8 financial gifts this Mother’s Day? Please share with us in comments below.
A version of this was first published here.
Image source: YouTube
A Company Secretary by profession, Saru found her true calling in writing. She blogs at sarusinghal.com which she religiously updates every Monday for the last four years. read more...
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Neelu might have outwardly forgiven Ramesh, but in her mind, which once was filled with unconditional love for Ramesh, there was now a seed of resentment.
Ramesh’s footsteps paused at the entrance of the hotel’s ballroom. Inside, his school’s reunion party was going in full swing. The air was heavy, as expensive perfumes and the aroma of food from the buffet table, mingled. There were low murmurs, tinkling laughs and clinks of cutlery.
Ramesh had not wanted to come, knowing that she would be there. She, Neelu, who once had been the love of his life. Taking a deep breath, Ramesh entered the room. His eyes found Neelu almost immediately. She still looked the same. Maybe there was now grey in her hair and a few wrinkles on her face. But her vivacity, her mannerisms were still the same. Things, that had first attracted him.
Arathi Rajagopalan, founder of 'House of Kalart', talks about thinking like a designer & transitioning to thinking like a business owner.
Excerpts from an interview with Arathi Rajagopalan, founder of ‘House of Kalart’ – a fusion jewellery label that merges global aesthetics and traditional craftsmanship.
When did you start ‘House of Kalart’ and what was the intention?
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A family who has makes demands without any regard for your financial condition or your troubles, will never be satiated. It doesn’t matter how many tolas of gold you give.
No Indian marriage is complete without Gold. India’s love affair with Gold has been going on since centuries. Our love for gold is a religion in itself; it is as ancient as our heritage.
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As Mother's Day looms closer, I am sure all of you are wondering what to get your mom. But fret not, for I have the solution right here!
As Mother’s Day looms closer, I am sure all of you are wondering what to get your mom. But fret not, for I have the solution right here!
The clock is ticking. Mother’s Day is just around the corner and you have just the time to reciprocate the love she fed you all these years in a special way.
Mother – the embodiment of love, passion and sacrifice, comes in many forms of inspiration. It could be your own mom or someone you look up to, the simple thought behind celebrating this day would be to express love to your mom. On this day, why not honour all these women in our lives who aren’t always biologically related to us, but are also united at heart?