ARDHA-RATRI-03 (Telugu Midnight Kathalu)

The fact that women live longer than men, have far lessor income than men and take time off from work to care for children is indisputable.  But that does not make women more financially savvy though that is the need of the hour. Most women find money matters uninteresting and boring. They maybe well qualified, more than the average man, have a fine brain, analytical skills and a successful job but most women would prefer to leave the financial matters in the hands of a male relative, especially in India. While they have been traditionally the experts at being able to stretch a rupee, manage myriad of payments that have to be made on a day to day basis, negotiate and haggle over small to large expenses, there is something that holds the majority of women back from taking personal finance decisions like investing and insurance in their hands. The issue often is that of lack of knowledge of financial matters, a financial illiteracy that is rampant irrespective of how educated, qualified and confident a woman otherwise is.
Also the lack of time with responsibilities of caring for the children, looking after the house also factor in because of which a woman would rather leave these details to be managed by her husband, father, brother or a male relative. If you are such a woman, here are some things you can do to take the reins of your financial life in your hands.