Five Reasons Financial Planning Is Important For Women

By Tanya Malik24 Aug 2018, 09:27 IST

Women are surely the best money managers and we have been seeing it through the years. When it comes to household finances, women are great at dealing with all the different phases it passes through. However, they are not that confident when it comes to managing their income or assets and often rely on their male partners for the same. Well, women need to know about financial planning too. Gurleen Kaur Tikku, CEO, Hareepatti shares why women need to have a better knowledge of financial planning:

More women are working today and need to know about the different investment options. These investment options will help you in understanding the right platform to invest your money in. It will be a surety that you have your money safe in one place and all your hard money earned will bring out more profits for you eventually.

Also, women have a changing work pattern. Women tend to take career breaks during their marriage or pregnancy or childbirth. This is the time when they need funds. It is this time when the planned finances help you pass the phase. 

Women Have A Longer Life Expectancy

As compared to men, women have a longer life expectancy. Women work for a lesser time and earn lesser. This makes it very important for them to know well about financial planning so that they have a safe future. More women are inheriting wealth and should know where it can be invested. To use this wealth in a better and smarter way, they need to have knowledge of financial planning. This will be beneficial for them in order to have a secured future. 

More and more women are facing divorce and relationship breakdowns these days. For these tough times, women need financial help.  This is when all the invested finances prove to be helpful and can be Women are surely the best money managers and we have been seeing it through the years. When it comes to household finances, women are great in dealing with all the different phases it passes through. However, they are not that confident when it comes to managing their income or assets and often rely on their male partners for the same. Well, women need to know about financial planning too. Especially today, when women are out there on the field, earning really well and inheriting more wealth, they need to have a better knowledge of financial planning. 

The Need To Know About Different Investment Options

More women are working today and need to know about the different investment options. These investment options will help you in understanding the right platform to invest your money in. It will be an surety that you have your money safe in one place and all your hard money earned will bring out more profits for you eventually. Also, women have a changing work pattern. Women tend to take career breaks during their marriage or pregnancy or childbirth. This is the time when they need funds. It is this time when the planned finances help you pass the phase. 

As compared to men, women have a longer life expectancy. Women work for a lesser time and earn lesser. This makes it very important for them to know well about financial planning so that they have a safe future. More women are inheriting wealth and should know where it can be invested. To use this wealth in a better and smarter way, they need to have knowledge of financial planning. This will be beneficial for them in order to have a secured future. More and more women are facing divorce and relationship breakdowns these days. For these tough times, women need financial help.  This is when all the invested finances prove to be helpful and can be used well. used well.