Why Women Should Plan Finance

Women over a period of time have conditioned to rely on men and the family. And this has made a trend where women don't plan their finances.

This leads to more conflicts and the dependency on family, government and other financial sources and that is kind of like living the handicapped life.

In our life, we should never be dependent on anyone for finances. Be it men or women, the financial state should be independent but collectively we should help each other for finances.

So today I want to discuss this topic, why women should plan finance?

What are some of the things that go into planning the finance and how it should be done?

Why Should Women Plan?

Do you know when the bad days come like if the breadwinner in the family dies, women are forced to work outside. That can be brutal if the age is above 50.

If women get divorced they also depend on the alimony or child support which is not going to be sustainable as it still makes them dependent.

Bad days does not come by telling you in schedule in advance. You have to open up your options and think about your own self.

This way you get to plan your future properly and also you get to stand up in the bad days when the finances and the overall market and economy situations are bad.

Try to find out if you can educate yourself on finances and learn how to invest properly. Learn how to invest, take out profit and how to be consistent with your investment into multiple baskets.

Every Woman Should Plan Emergency Fund

You can't achieve success by having faith on god alone. You have to come out of bed and do the work. Because god helps those who help themselves.

You have to build the emergency fund because god is not going to handover free lunch every day. You have to work for it make yourself worthy of the food, shelter and money.

As long as you are aware of these two basic facts, reaching out for the emergency funds won't be hard for you. And then planning becomes the natural act in process.

Having 1 year worth of the financial planning and funds is necessity in todays time. As long as you are in safety net of the emergency fund, you can do lot better in finances and choose to do progressive actions.

Make sure to have 12 months of budget planned and emergency fun ready. Read my post on how to form an emergency fund during the market dip times.

Every Woman Should Invest into Crypto, Stocks, Mutual Funds

Women often ignore the financial side of the investment. And let the father, brother, husband and son worry about the ground details.

This can be bad considering you leave the small details and you end up making a lot of bad choices. So learning about them never hurt.

Write on social media platforms and earn crypto and then invest it in coins of your choice. You can invest into BCH, BUSD, TerraUST etc. This way you will be in safe hands.

You should also learn about the stocks and the mutual funds. Those are good options long term. A lot of people learn how to invest into them and earn from their dividend income long term.

What do you think?

Do you think women should plan their financial future? Do you think being independent in a finances is a step in right direction? Do you think women should have their own savings and the investments?

I want to know if the way I think is in the right direction. So do share your opinion on this so that I can understand where I am going wrong or right.

What's your opinion?