Archive for the ‘Financial Planning’ Category
Financial Planning For Working Women
For Working women, as with all individuals, investments form an integral part of financial planning; investments generate returns for the future and take care of your financial needs. This is especially necessary in light of the big question — ‘What if’? ‘What if’ your husband has not planned your finances well enough? ‘What if’ there was an eventuality in your family? ‘What if’ your children’s career plans cost you a few lac rupees? With women taking to work, disposable incomes of households have also increased. And naturally, along with income has come the additional responsibility of planning and investing. Apart from working women, homemakers too should take to financial planning. The fundamentals of investing are no different for women; so you have to plan your investments, execute the investment plan and track it regularly.
Here are some startling statistics to keep in mind when you assume that your husband’s pension, social security and retirement savings will see you through your golden years:
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Money Saving Tips For Women
The need for money never wanes … only needs change with different phases of life. From owning a dream house, to going on a romantic holiday, or to enjoy a comfortable retirement, it is money all the way. Spending responsibly today and smart saving for tomorrow – is the maxim that eventually prepares one to face unexpected turnarounds in life. Have you decided to save money? Our money saving tips can help you produce amazing results. Start saving right away!
Smart women spend smart. And smart spending is smart living.
The smartest thing a woman can do, however, is to save. Whether it is inherent for you to save or not, smart women do save.
Money Saving Tips
- Start incorporating moderate changes in your dwelling place. A few small changes can make a world of a difference to your finances
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Working Women are Better Tax Planners
Female salaried employees are paying less tax than their male counterparts due to lower tax slabs and better investments, with the percentage of women with a low tax ratio of 0-5 per cent higher than their male counterparts, according to the latest study.
As per the findings of the ‘India Tax Ratio 2011′ report by Tax Spanner, an online income tax return filing portal, the average tax ratio of females salaried employees in major Indian cities is 4 per cent, as against 6 per cent for males.
Besides, around 76 per cent of the females have a tax ratio of less than 5 per cent, compared to 59 per cent in the case of male salaried employees. The tax ratio is the percentage of the salary that one pays as tax. The study covered employees from over 500 corporates in major cities, including the Delhi NCR, Mumbai, Chennai, Bangalore and Hyderabad.
The report said that among the major metros, Chennai and Delhi NCR had the lowest average tax ratio of 5 per cent, followed by Mumbai and Hyderabad at 6 per cent and Bangalore at 7 per cent. (more…)
Women’s Fnancial Planning Approach
Women may have taken great strides in a traditionally male-dominated world, but in some things they appear reluctant to be the driving force.
Women can help identify important money management techniques for any investor.
Women now head 40% of all privately-owned businesses in the U.S.
and control half of the nation’s wealth, estimated at $11 trillion of $22 trillion, according to a recent Forbes article, “What Women Can Teach Us About Money.”
Two in ten women earn more than their spouses, and 90% of women control family wealth.
Research shows that while men tend to overestimate their financial competence, women are more likely to seek out informed advice. (more…)
Women Financial Planning
Financial Planning
You run your own business, and data show you probably invest more successfully than men.
So why is money still so intimidating?
If women realized how dramatic these factors are, they might start planning and investing sooner.
More recent in these times women are taking a more active role in their family’s finances and many feel that they are not as well verse in these matters as they would like to be.
Here are some steps that women could take in helping to secure their financial future.
1. Educate and understand how money works (Assets and Liabilities)
2. Line up your money with your overall financial goals (Get started by consulting with a Financial Planner) (more…)