Women and investments

The way number of Indian women is increasing in jobs and they are earning good is nothing new now but the way they are making their investments in different fields is new for them. They need to invest wisely and with perfect planning to avoid money errors and misadventures. They can do it if only they follow few points –

1-  Not making a proper budget plan is one of the reasons although most people especially begin with a proper plan but fail to stick to it for longer time that results in a failed budget. Most women who earn good money become careless with their budget plans and spend lavishly although a planned budget keeps your needs in limit and enables you to save for your big needs in future. This is important to prepare your budget carefully and save at least 30 to 40% of your monthly income.

2-  This is common habit of women to spend most of their income in useless items for the sake of show-of or just because some one close to them has bought it. They never think twice before spending on items, which they never use but just because they do not want to stay behind with others who have those particular items.

3-  Never forget about rainy days while the sun is shining, that says it al. You should save for the days while you may not have the job or a need may arise to spend some thing untoward. Never forget to spend on insurance just because you do not want to think about accidents or death because in your views these are not for you. However, no one knows about his or her future therefore investment in insurance should not be considered as waste of money. 

4-  Never put all your eggs in one basket- As they say this is not wise to invest all your money in one single plan whether it is fixed deposit, insurance plan or investment in shares. One should invest in different plans like mutual funds, fixed deposit, insurance, gold, property, etc according to your priorities, market trends those give you good returns.

Options- especially for women

There are lots of options for women for investment if they do it with proper planning like they can spend in equity through a demat account without involving brokers, buy paper gold or silver or invest in mutual funds through SIP. There are other options like monthly income savings, recurring deposits, national saving schemes and insurance that provides income tax rebates and loan facility in need. If women have good knowledge of real estate that could prove another good option for them to invest for good advantage. 

Article Posted By : suny  On January 12, 2013lView All Articles

Suny- I am a marketing professional who loves writing and photography.

Article Source :

http://www.veethi.com/articles/women-can-become-better-investor--article-1425.htm

Keywords :
Women , Investment , Money , Insurance , Fixed deposit , Mutual funds , Property , Real estate