FINANCIAL DISCIPLINE

We are the axis of our families. We take care of everything for our families. Despite that, our participation in financial matters is very less. Many of us are earning and many are home makers but we keep nodding our heads in agreement when major financial decisions are taken in the family.

We just shrug and shift the onus on our better halves. We know the amount of EMIs and SIPs but we are never interested in knowing why we opted for them.

As a conscious and responsible woman, we must get into the details, understand the logic behind big financial decisions. For e.g., why we opted for those hefty deductions in  loan EMIs, SIPs and insurance premiums? why this amount of investment versus that? etc.

Keeping our families in FINANCIAL DISCIPLINE is a matter of choice, not a matter of chance. You can achieve financial discipline by taking care of following points :

1. Make a budget for your family.
2. Live within your means.
3. Avoid impulse buying.
4. Buy value.
5. Don’t borrow unless you can afford it.
6. Pay your bills on time.
7. Encourage reading about finance.

I wish you all financial discipline, financial success and financial peace.

PRERNA SHRIVASTAV KELWA

Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of The Wonder Women World. If you wish to write /contribute you can reach us at [email protected] or here-> CONTACT US