I firmly stand by the fact, that irrespective of one’s gender, a person should always make themselves financially secure. Financial dependency can become a reason to lose individuality, voice, and confidence, especially for women. Housewives, particularly are most commonly affected by this problem of securing themselves financially, and that is also because there is a lack of awareness about this topic. However, there are some truly great investing opportunities for housewives that come highly recommended by some financial influencers as well!
Gold Investment
This option is generally the highest recommended one by finance influencers. There are some easy ways in which housewives can invest in gold without the physical possession of it. Finance influencer, Shreyaa Kapoor shared her advice on this and suggested that housewives should opt for investing in gold through either Gold Mutual Bonds, Sovereign Gold Bonds or Exchange Traded Funds (ETFs).
Post Office Schemes
Another, great investment opportunity suggested for the housewives is National Savings Certificate, offered by the government. Under this scheme, a woman can open an account in her name with the nearest post office and invest a minimum amount of Rs 1000 every month. The NSC gives a 7.7% interest rate and has a five-year maturity period.
Index Funds
Under this, Systematic Investment Plans (SIPs) are suggested for housewives as a good investment option. A woman can invest a small amount at regular intervals in any bank. The scheme has a low-risk profile too.
Health And Life Insurance
Housewives should always have themselves secured with Health and Life Insurance. Finance influencer, Anushka Rathod suggests that housewives should always be the nominee in their husband’s life policies and have health insurance in their own name. Another finance influencer, Chandralekha also strongly agrees with this and suggests immediately getting these above-mentioned insurances secure.
Also Read: Along With Pyaar Ke Vaade, 7 Financial Promises Couples Need To Make On Promise Day!
Joint Accounts
Anushka Rathod also strongly recommends housewives have joint accounts with their husbands so that they also have their names and access to all the other investments and savings.
Take note of these, ladies!