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It is mandatory for women, particularly homemaker, to save some money for their own. Be prepared for the future; you never know what is stored in there for you- good, bad, or the ugly no matter-be prepared!
“You can tell the condition of a nation by looking at the status of its women.”
We have come across the saying many times yet fail to understand the underlying fact behind the saying. Women comprise approximately 50.8% of the worlds total population. Hence holds a significant place in social and economic development across the globe.
However, the entire scenario is different. Most of the women lack “Right to Contribute” to their growth. They mostly depend on one or other family members of the house, be it father, husband or brother, later old age it could be the son.
Working women do have the privilege to enjoy the perks and benefits of being financially independent, whereas most women don’t. I recall one incident that was quite disturbing and uncalled. One of our neighbour (husband/father/sole bread wearer ) died an untimely death living his wife and 8-year-old daughter with – nothing! With very few relatives to hold on, the woman of the house was clueless what next?
So, let’s face the question. What does financial independence mean to you? For some, it boosts their morale. For some, it inhibits an sense of freedom. Most of the housewives say that being financial independent gives them the confidence to be a part of the decision making in their own house. But for some, it simply means a secure future.
Pondering where to start or how? Five steps worth a try for initial (let me be clear- this opinion are solely mine!)
Though we live in the 21st century, there is a tremendous economic inclusion due to the gender gap. We are moving towards a phase where there is more digital money, and women holding bank accounts are deficient compared to men. Why is that so? There is a trend that married women don’t even have a saving account of their own. My neighbour said her husband converted her account into a joint account. Secure a bank account, also learn how to use net banking and online money transaction. Start saving, no matter how small the amount is, better than nothing!
Chit funds may sound old school and risky. But trust me, they are quite an effective method, to sum up, a bulk amount for yourself. Monthly deposit of minimum amount won’t be a dent to your budget as well. Avoid investing in companies for a significant amount. Several cases of fraud and forgery have been noted. Join household chit funds among friends and society, trust plays and safe and secure comes along.
Homemakers are best when it comes to managerial skills. No one can manage household chores, kids, shopping errands, party plannings, keeping a tab on bills and expenditure with such accuracy and perfection like they do. Still, women act clueless when speaking about their investments. Isn’t it worth asking? Apart from savings, investing in gold is a better option. If you are speculative about investing in gold, tell me when gold rates were dropped in the last ten years? It was merely 700 Rs per gram then, now, around 2600 to 3200 per gram. So, whenever opportunity paves way invests in gold rather than expensive clothes and crockery.
The importance of insurance is known to most of us. Ask your spouse to get life insurance, along with health insurance. Plan and start saving for children education and marriage. Look out on some excellent saving schemes for the same. Always consult reputed agencies before going for such schemes or insurance. As they say -read all the documents clearly before investing. Be updated about the changing scenario around this industry.
Being a homemaker doesn’t mean you have to close your eyes towards the world. One day you may be required to step out face the world, Alas! Everything you know was outdated. Find some “Me Time” and gift yourself by updating yourself with the latest happenings and technologies. Take up some course related to your education qualifications demand. For people pondering how education and updating helps in financial stability- you may need to pull up your gears and face the world- you never know!
Women empowerment are talked, debated, and celebrated everywhere. The extreme living condition of women has always enraged us. But who is at fault? Why do women forget themselves while trying to be a perfect homemaker? Why are women uncomfortable voicing for self? Are homemakers not worth enough to take a stand?
Oh Women! Rise from the ashes and turn into the fire!
Image via Pixabay
Sheeba Vinay is a writer, Compiler by profession. She is criminologist and a writing therapist. Her write-ups have been published in Lokmat Times, TOI and various platforms like Women's Web, Momspresso, Storymirror, India read more...
This post has published with none or minimal editorial intervention. Women's Web is an open platform that publishes a diversity of views, individual posts do not necessarily represent the platform's views and opinions at all times.
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UP Boards Topper Prachi Nigam was trolled on social media for her facial hair; our obsession with appearance is harsh on young minds.
Prachi Nigam’s photo has been doing the rounds on social media for the right reasons. Well, scratch that- I wish the above statement were true. This 15-year-old girl should ideally be revelling in her spectacular achievement of scoring a whopping 98.05% and topping her tenth-grade boards. But oddly enough, along with her marks, it’s something else that garners more attention – her facial hair.
While the trolls are driving themselves giddy by mocking this girl who hasn’t even completed her school yet, the ones who are taking her side are going one step ahead – they are sharing her photoshopped pictures, sans the facial hair, looking nothing less than a celebrity with captions saying – “Prachi Nigam, ten years later”.
Doctors have already diagnosed her with PCOD in their comments, based on photographic evidence. While we have names for people shamed for their weight – body shaming, for their skin colour- racism, for their age- age shaming, for being a female- sexism, this category of shaming where one faces criticism for their appearance has no name. With that, it also has zero shame attached to it.
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