Empowering the matriarchs: How women take the lead in joint financial decision-making
Financial decision-making is an integral part of any household, and it is interesting to see how different families approach it. In this article, we explore the financial dynamics of five diverse families from India and how women are empowering themselves in shaping their financial futures. Let's dive into their stories and understand how they are managing their finances.
Meet the Varma couple, Rahul and Neha contribute equally to monthly expenses, meticulously tracking everything from groceries to leisure activities. However, their investment strategies diverge significantly.
Rahul, a dynamic and risk-taking investor, allocates his funds across various avenues like cryptocurrencies, mutual funds (MFs), and National Pension Scheme (NPS). He prioritises saving beyond tax requirements.
On the other hand, Neha adopts a conservative approach to investing. She prefers passive Exchange-Traded Funds (ETFs), a couple of Equity-Linked Savings Schemes (ELSS), and NPS contributions. Her focus is on stable growth and wealth preservation.
Despite their differing investment styles, they share equal responsibility for the home loan. However, the question of how the loan would be managed in case of unforeseen circumstances looms over them.
Meet Ira and Kabir, a young couple navigating the complexities of modern finance. Ira, with her extensive experience in ‘Fintech’ and financial markets, takes the lead in managing household savings and investments. On the other hand, Kabir admits to having minimal knowledge about investing and financial planning.
For Kabir, investments often revolve around tax-saving instruments and traditional avenues like fixed deposits (FD) or recurring deposits (RD). However, when it comes to making investment
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