Thursday, March 23, 2023
Country Time Health - Become a happier person
  • Login
  • Home
  • Acupressure
  • Diet Tips
  • Fitness
  • Health
  • Meditation
  • Treatment
  • Weight Loss
No Result
View All Result
  • Home
  • Acupressure
  • Diet Tips
  • Fitness
  • Health
  • Meditation
  • Treatment
  • Weight Loss
No Result
View All Result
Morning News
No Result
View All Result
Home Fitness

Financial planning tips for women

Sadie Ruby by Sadie Ruby
October 25, 2021
in Fitness
0
Financial planning tips for women
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Investment vs speculatin: what’s the difference

Meal Prepping Tips For Beginners

Prudently managing your finances is a basic necessity for everyone today. However, women in India are often overlooked, and they automatically take a step back when it comes to looking after money management or investments. In reality, financial planning should be a completely gender-neutral subject, and women, in particular, should be encouraged to learn more about it.

Here are 5 financial tips for the women to start with.

  • Go for goal-based investments:

Everybody knows that investments are important, but investing in a planned and regular manner is even more important. The best investment advice for women is to figure out your investment objective, the sum required to reach that objective, and the time horizon you have in mind. This can also be called goal-based investing.

  • Save smartly and systematically:

The habit of savings starts for a child when they keep money aside in their piggy bank. Similarly, you need to ensure that you save some amount from your income every month. Saving money systematically ensures you have a plan in mind for your aspirations as well as for any unforeseen contingencies in the future. It is a wise habit to inculcate to safeguard your future. You could invest in SIPs in a mutual fund plan to gradually and systematically invest towards your financial goals and achieve them in a timely manner.

  • Insure before there is an emergency:

Many women today play the dual role of a homemaker as well as a working professional. Life is unpredictable, and planning for your loved ones’ financial security if you are not around is a critical aspect of financial planning. There are different types of life insurance policies available that can be opted for. But make sure you do not confuse investment with insurance.

  • Know and plan your taxes properly:

Many women steer clear of this subject because they feel it is too complicated, but in reality, tax planning is pretty easy and can be learnt with a little help from experts. A good money advice for women is to do tax planning by investing in proper avenues. For example, section 80C of the Income Tax Act allows a deduction of up to Rs.1,50,000 on taxable income for all salaried individuals or self-employed professionals or businesspeople.

There are many tax-saving investment instruments too. Public Provident Fund (PPF) or Equity linked savings schemes (ELSS) are among such options that could help you optimise your tax outgo.

  • Plan for retirement:

Retirement may seem like years away, but planning for the same needs to start early. Failing to do so may not leave you with enough resources in your golden years, and you may be forced to work later on. So, sit and plan for retirement by calculating the amount you would need to live a comfortable retired life.

Work on your financial plan

Women are taking the front seat in all walks of life. It is simply not enough to give the reins to the male members of the family and take a step back from managing finances. As women, you need to be the role models for your daughters so that when they grow up, they can confidently manage their money and live independently.

Future proof your goals with financial planning. To all women reading this, even if you start small, start now. If you need help planning for your future, reach out to a financial expert who can guide you in everything related to achieving your financial dreams.

Related Posts

Investment vs speculatin: what’s the difference
Fitness

Investment vs speculatin: what’s the difference

December 22, 2021
Meal Prepping Tips For Beginners
Fitness

Meal Prepping Tips For Beginners

June 14, 2021
Lifetime Fitness – How You Can Stay Healthy For Existence
Fitness

Lifetime Fitness – How You Can Stay Healthy For Existence

September 17, 2020
About Diet Fitness and well-being Conditions
Fitness

About Diet Fitness and well-being Conditions

June 16, 2020
Fitness & Health Tip – Are You Able To Create a Healthy Pasta Dish?
Fitness

Fitness & Health Tip – Are You Able To Create a Healthy Pasta Dish?

May 10, 2020
A glance at Personal Fitness Training and Health Wellness Fitness
Fitness

A glance at Personal Fitness Training and Health Wellness Fitness

April 27, 2020
Next Post
Protect Your Hands with Hemp Oil Hand Sanitizer

Protect Your Hands with Hemp Oil Hand Sanitizer

POPULAR NEWS

Investment vs speculatin: what’s the difference

Investment vs speculatin: what’s the difference

December 22, 2021
About Laser Acne Remedy

About Laser Acne Remedy

August 19, 2020
About Diet Fitness and well-being Conditions

About Diet Fitness and well-being Conditions

June 16, 2020
Health, Wellness, and Success

Health, Wellness, and Success

August 12, 2020
Women’s Health & Wellness Issues

Women’s Health & Wellness Issues

October 5, 2020

EDITOR'S PICK

What are Advantages of Having House Insurance?

What are Advantages of Having House Insurance?

January 13, 2023
Should You Buy Health Insurance Cover For Your Furry Friend?

Should You Buy Health Insurance Cover For Your Furry Friend?

January 13, 2023
Financial planning tips for women

Financial planning tips for women

October 25, 2021
The Numerous Advantages of Maternity Acupressure

The Numerous Advantages of Maternity Acupressure

January 7, 2020
  • Let us help

© 2020 Country Time Health - All Rights Reserved.

No Result
View All Result
  • Homepages
    • Home Page 1

© 2020 Country Time Health - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In