With the kind of cost of living that the current generation has to put up with, it makes sense that every working age member earn some part of it. Financial independence is the ability to earn one’s own living. It is important for every individual to be financially independent. More so, the women. In India, many women are efficient home-makers and their careers take a back seat when they enter motherhood or when the domestic needs overcome their career goals. What starts as a maternity break for so many women stretch into a break in career itself. However, something to consider is that women outlive men in many cases and hence quite a few of them will have to live their retired lives alone.
Here’s why every woman needs to be financially independent, married or not:
It is extremely important for all women - be it married, single, separated, widowed or divorced to be financially independent. However, it is important not to financial independence with financial security. A monthly pay cheque in your bank account alone cannot render you capable of meeting all of your financial goals. It is how you plan and manage your finances which will result in fruition of goals later in life.
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This article was first published on Sheroes.in.