Money Management and Women
Hello and namaste everyone
I hope you are doing good and staying safe.
Money management is one of the important and crucial parts because lots of things are dependent on this. All of our future planning including financial expenses are dependent upon our financial management.
People think that women are not good at financial management and this is why men are the ones taking care of this part. You could say that in the current situation and atmosphere things are changing but and old mindset is still there that do not find women to be more responsible when it comes to money management.
I have grown up seeing my father managing all the expenses and income. He was the one in my family taking care of all of the expenses like school fees, household expenses, and even some sort of investment. My mother used to have the amount that he gives her every month for house-hols expenses. I can't say whether this was right or wrong but with this arrangement everyone was happy and I never saw my mother feel bad about it. Maybe, she also believes in the same thought that my father can manage it all better than her.
I never realized to ask the question from my mother unless I got married because my husband has a different point of view. He started involving me wit his financial matters and taking my advice which was new for me but I was liking it. My father and brother never asked for my opinion related to money matters and this was a completely new thing for me so I asked my mother that why she was never involved with such things with my father. Her answer was simply that she is also grown up in the same atmosphere and she never felt the need of asking to get involved. She is a housewife and was getting enough money for all her expenses which were part of house expenses.
Now with myself, things are another way around because of two reasons-
- I am given the opportunity by my husband to take such decisions and advice what could better option to spend money on. Its because we are a new generation where there is a difference in thinking just because of gender.
- I earn money because I work and not just a homemaker that spends the entire day in household things. At my workplace, I get to know what's happening around the world.
I think that I am pretty good at money management and I try to save first a fixed amount then in the remaining I manage all my expenses. I also look for the new age investment options that can give good returns and I also do invest in gold that is a traditional investment
What's your thought about investment.
Thank you so much