Know how you can arrange for money independently, just by keeping a few things in mind

Deccanexpress : DR. B.R Ambedkar once said that the growth and progress of society are measured by the degree of growth and progress which women of that society have achieved. He strongly criticized the degradation of women in any corner of the world. In today’s world, women are no less than men, many women have carved their paths and made their way along with men. Women are successful; they are independent and are equally capable of bringing food to the table. Women of this era are financially independent. They know their rights, responsibilities and they are aware of what’s happening around, they don’t have to depend upon their partner for financial well being.

COVID-19 has not only lowered our country’s economy and growth. But has also effected a million lives, resulting in salary cutoffs, many lost their jobs, and domestic violence is also a surge during this whole corona times Reports shows that women are exploited more than men at home as well as at the workplace, we all know that a woman has to fight all the odds in the society to come up and compete with men either in the workplace, business or any ware, women just have to prove herself at every point. And we also know that women of all creeds, all religions, and all backgrounds have to fight a long battle to survive in a male-dominated society. In such a situation, the best option we women have is to work on ourselves now and control our own money. Whether we are housewives or businessmen or have jobs, our growth will be called complete only when we can manage our finances completely.

Let us know today some important things that will help you manage your money independently.

1. First of all, make sure you believe that you have everything from which you can manage your finances independently, so you do not have to depend on your spouse or partner. Take small steps, it will increase your confidence; there will be some failures from which you can keep learn and move forward.

2. A lot of research has been published, which suggests that even today many women are not ready for the uncertainties of their future. Women should think about the various uncertainties of life and plan their money accordingly. If you are completely new to finance or taking the first step, then, first of all, you should open a separate bank account and get your PAN card.
This does not mean that you do not believe in your husband or your partner or your family, it is just a first step, which will motivate and encourage you to think and move freely. Also, to improve your knowledge related to finance, start by reading blogs available on various newspaper magazines internet which will give you the basic knowledge.

3. You can start with basic investment schemes like FD, PPF, National Savings Certificate, etc., which can provide a fixed decent interest rate. Many small finance banks have attractive deposit rates, which you can take advantage of and apply for FD. Many banks offer women-oriented savings schemes. If you have the patience and risk-taking ability, then you can also think about investing in stocks that give big returns in the long term

4. If you are in a stage of life where you are in dire need of money and are unable to get a loan from relatives or friends, then a loan is a good option for you. You must take care of some important things. Many thugs pretend to be employees of the company and take money from you in advance by offering you a loan to be aware of while investing your money.

5. If you have never had a bureau credit score, there are only a few NBFCs that will give you loans but at higher interest rates. Another way to do this is to start building your credit scores in advance, such as by taking a credit card and paying the bill on time, you can get a good credit score.
Also, nowadays some new NBFCs have come which provide you short tenure and a small loan amount which anyone can repay in 15-62 days and you can create a credit score.