Money Tips: For Women in Their Twenties

Money tips have always been very useful for professionals as well as entrepreneurs who want to manage their finances effectively. And, twenties are a time when you really need money tips as it’s a phase of radical change. Around your twenties you graduate, join a job, or start a business and you get your first “real” pay check.  Finance investment companies in Delhi advocates that everyone especially women in their twenties need to follow money tips so that they appreciate the profit gained on their hard-earned money for the rest of their life.

Manage Your Own Money:

Whether you are a housewife or a working lady, you should acquire the habit of money management. Giving the control part to men may keep in the comfort zone for some time, but the other way round it is only going to retard your money skills. That’s why finance experts at finance companies in Delhi, India recommend that every woman should continue to manage their money at every stage of life.

Make Earning a Priority:

Now it is a well-known phenomenon all over the world that women often earn less money than they could be. Along with taking care of all the essential things in your family’s life, you should also put some effort to carry forward the determination of saying “yes” to more lucrative job opportunities. Better job opportunities are going to bring better salary your way.

Planning For Retirement:

Retirement is going to be one of the most financially critical stages of your life. So, focus on your retirement at every stage - the earlier the better. Always try to contribute 10% of your earning to retirement savings. For example if you start saving 10% of Rs. 50,000 salary and invest it in a high ROI generating investment plan beginning at the age of 25, you would save nothing lesser than Rs.50L at retirement – which is a fairly good amount for you to back up the retirement.