Financial Planning Tips All Women Need To Know | How to save money?

Female labor force participation is declining in India from 26.7 % in 2005 it has fallen down to 20.3 % in 2021. Also there is a pretty significant wage gap. On an average a woman earns only 60. 75% of what their male colleagues earn for doing the same work. For us women, it is very important to understand that financial planning is very crucial for our future. In case you want to buy a house, car or even plan for your retirement. In this video, we will tell you all that you need to know about planning your finances and also some tips on how to save money. 

What is Financial planning

A financial plan is a written description of a person's current financial condition, long-term financial goals, and plans for achieving those goals.

Tips for Financial planning

• Be involved with your finances

• Set goals

• Be stringent to develop a saving habit

• Avoid using too much credit

• Keep adjusting your plans based on your life changes