Different Investment Plans for Women of different age groups
Women are considered to be the most shopaholic’s persons of this world. They do a lot of shopping without bothering about the expenses to be incurred. That is why they are considered to be the bad investors. Well it is a thing of past as today women are taking responsibility for their investments and earnings. It is getting very critical nowadays, where single source of income cannot matches the rising inflation.
A well planned double source of income often becomes significant when a person tries to plan his investment goals effectively. These goals are mandatory for a secured future as well as comfortable retirement. While investing and saving women will need to keep the big picture in his mind. This will help them in saving money for themselves as well as for their family. Thus, it will help an individual to get more returns.
While thinking of saving, a woman must think of her short term and long term goals. These goals can be a dream home, higher studies, world tour and many more. Soaring Inflation always reduce the value of money.
Investment for Teenagers:
As a teenager, a girl many not have sufficient amount of cash in hands, but one can save a sufficient amount of finance by cutting down unwanted expenses from his monthly pocket. A girl who is teenager can save money under Sanchayika Scheme. This scheme can be used to attain all of the short term goals like buying a gift for a friend or a family member. It will help you to maintain a habit of saving in the future too.
Investment in your Twenty’s:
In the peak of 20’s women decides about their career and future. If you want to make good investments, then equities can be the best option as you can take more risk being a young person. You can invest in Mutual Funds for your long term goals. You can avail a suitable health insurance plan. They will help you to resolve all sort of medical emergencies in the future.
Investment in your Thirty’s:
In this age, most of the women are generally married and likely to have kids and family. They are the responsible for securing the future of her family and her kids. It is advised to choose the suitable term Insurance Plan and mutual funds that will reap better results.
- A person can choose suitable Education Loan for her children.
- A woman can choose better Tax Plans for themselves as well as for your family members.