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The COVID-19 pandemic has challenged the definition of the word ‘normal.’ The economic and social disruption it has caused has been felt by mankind globally, whether it is a dramatic loss of human life, devastation to public health or an existential threat to the world of work.
The COVID-19 pandemic has challenged the definition of the word ‘normal.’ The economic and social disruption it has caused has been felt by mankind globally, whether it is a dramatic loss of human life, a devastation to public health or an existential threat to the world of work.
The last 15 months have challenged all of us in multiple ways, requiring communities, businesses, governments and the society at large to step up. It has made us cognizant of the fact that life is a constant readjustment to our surroundings.
Hence, it is imperative to have some amount of financial preparation which can capacitate us to sail through the toughest of time. This will serve as a shock absorber, thereby empowering us to get on our feet independently. Having no knowledge about finances may create a treacherous situation.
Glover adds that it’s important to remember that Cash is King. “Don’t be in a rush to spend or invest it until you have a full grasp on your new financial situation.”
So, it is pertinent to have knowledge of every piece of financial information. Here are some suggestive ways enlisted below:
Knowing early on where we stand and what are the options available, can help us enormously in maintaining normalcy in our cash flow and in overcoming all sorts of financial intricacies.
Let’s make the rest of our life, the best of our life
Image source: An image from Pexels
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Vidhya came home with Riya. She was surprised to see the same expectations from her that were before from having a child. Nothing had changed, and she felt that nothing would ever change.
Vidhya was just like any other normal girl who grew up reading Cinderella and Rapunzel, wishing to meet her Prince charming someday. Though not a topper, she scored well in school and college and fulfilled her parent’s dream by joining as HR in a reputed financial firm.
After she settled in her career path, her parents began their hunt to find the perfect groom and complete their responsibility in life. Finally, after seeking permission from the stars in her chart, they fixed her wedding with Rahul, who according to them, got a tick for most of their eligibility criteria. She obliged and got married to him as per their wish.
Mothers do things for you out of love, so please treat them with respect and dignity at your home, especially in front of your in laws, and ask your in laws to share responsibilities.
Motherhood isn’t just a word. It’s a world in itself…of love, labor and commitment that goes beyond a lifetime, when we don’t really have a concept of flying the nest and mothers are required to be battle ready to shoulder every responsibility at any age.
As a new mom I too had my share of struggles like every woman, and reached out to my mom for help. Sadly, since she had health issues of her own she agreed reluctantly and was uneasy throughout her stay, which disappointed me. Only later did I know that she had suffered from serious menopausal problems that made her edgy and nervous in difficult situations, and it left me with a sense of regret of not taking the effort of understanding her troubles.
Becoming financially savvy can change a woman’s life. It empowers her to be more self-sufficient, make smart decisions and deal with any financial calamity.
Women have made remarkable strides over time and have gained social and professional positions. They have come a long way when it comes to their roles at work and their family. Yet most of them do not feel thoroughly prepared, when it comes to finance.
As social norms and family structures are changing, financial decision-making is no longer the sole domain of the male breadwinner. Now, it’s imperative for woman to take charge of the finance.
A woman has more chances of landing in a financial emergency in an unequal society that penalises women for their choices. Have you planned for this eventuality?
Emergency situations always arise unannounced; They do not see time and place. The gravity of it is also not known unless it actually happens; but one needs to plan for these unseen events which can possibly happen.
How does one plan for the unknown?