Fuel your financial future like a #BossLady An insightful session hosted by UTI Mutual Fund, below are the key takeaways from the session. Women by nature are a lot more capable at managing home budget, whether you look at the smallest household in a remote village or an ultra – modern family living in a city, the Indian woman has always ado pted and followed various methods of saving to cater to her family’s needs. She always thinks of savings before investing. When women cook food they know the value of a balanced diet, so they can definitely create a balanced portfolio. Time has come for wo men to move beyond their family’s budgeting, and take charge of the family’s financial future. Women need some hand holding, motivation & path. The way ahead is to make her financially literate, set a financial goal and take a step in the direction to secu re her family’s future. Women can follow these few basic steps to start their journey towards financial freedom. ● Talk about it: Talk about your finances with your family members, spouse, friends, etc. It is important to not only talk about it but also be aware of what is going on in your family. Women should be aware of the investments and most importantly the nominations in the investments. ● Create and maintain a budget: Various apps are available for budgeting and saving. Enter the money you spent on t he app and track it. It will give you a fair idea on expenses and cash flows. You can use Walnu t App; it is available on all platforms. ● Set up an emergency fund: Women in her life cycle face more sabbaticals like marriage, relocation, child, In - law’s / Parent’s health etc. So they specifically need an emergency fund which can help her during such sabbaticals. ● Start now, no matter the amount: SIP can prove to be a very good tool for women to create a corpus for her with a small amount. She can save easil y every month for the future via SIP. This automatically curbs additional expenses It is time women start working towards being financially aware. We at LakshMe believe that financially literate women have the tools to grow wealth. It’s time for women to become financially atmanirbhar