Saving is at the end of the list for almost all women. 25-year-old women don't even think about retirement. So saving money is very important. There is a need to save not only for economic reasons but also for being a woman.

Women are changing now. Men are equally working and all of this has not yet changed in the case of women.

Saving money in the kitchen bins? You may ask if this is not saving? Yes, this is the savings. But these savings are beyond her retirement. So it is inevitable that women should save more than men. Saving should also begin with choosing an affordable investment plan and starting a job and business.
Some women do not come to the rescue because the financial position of their father, family or husband is good. The future cannot be predicted.
The death of the husband, the timely assistance of the family, the divorce, and so on can cause financial problems. This may not be the case for everyone. Instead of struggling with the situation, forethought becomes more important.  

Low earning of women:
Gender discrimination still exists in the country. This is evident in the salaries of women. Although women work equally as men, the salary she receives is low.

The average income for men is Rs 231 per hour, while for women it is Rs 184.4. More savings are inevitable because of lower earnings.
What a woman should do for economic growth: More savings:
Women need to save at least twice as much as men. If the saving is 10 per cent of monthly income, it needs to be increased to 20 per cent.

Women who have not made savings should start this right away. It will be difficult in the beginning but it will help in the next life.

Best Way to Invest:
Women need to know about investing. A smart approach to investing should be adopted. Investing in the right knowledge of which plan will benefit in the long run.
Health Insurance: women need health insurance. The money you accumulate for retirement can be expensive if you are sick. Retirement money will remain as if it were health insurance.

Work and Time:
Women who think and invest in the future should discuss salaries. You have to choose a job that pays you well. Set aside the reasons and prioritize the year's work as much as possible.
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Tag: Women Retirement Plan

D N INDUJAA

17/12/2021 06:22 PM