Importance of Financial Planning

Indian women have historically saved in gold jewellery and considered the investment as security to overcome financial stress. Times have changed, our aspirations from life has changed, hence, women, should start looking at investments not just as an avenue to be used in case of stress, but also as a mean to meet our life goals and aspirations. Hence, financial planning should be a well thought out process of building a balanced portfolio of investments. Despite understanding the value of money and benefits of savings, women today, miss out on the power of compounding. Women can build a sizeable corpus at little inconvenience. The need of the hour is to focus on managing and reducing expenditure (we women are good at it), and investing regularly with discipline (which we anyway have been doing for centuries) can go long way in being financially independent over time.  Every woman...