With most women becoming financially independent, it is important that they also take control of their finances. To mark Women’s Day, Mint asked advisers to provide women a guide to manage their finances better. I suggest women take hold of their income and divide it into three boxes—freedom, splurge and essential. Start by putting away money for financial freedom first, which is saving for your retirement goals. But, when it comes to investing, women need to invest some time to understand various investment products and also take the help of a Sebi-registered investment adviser, if needed.

Source: Mint March 07, 2021 17:48 UTC