With many women being homemakers or earning poorly over their lifetime, it’s important to work on your financial security, starting now.

There is no doubt that women have, in the last few decades, expanded their horizon and progressed well professionally. However, they are yet to learn to prioritise their spending pattern and ensure that their hard earned money is managed well. “Typically, when women apportion their income, they do so as a secondary source and therefore assign it to a lot of impulse needs,” says Saundarya Rajesh. “Statistics prove that at least 70 per cent of a woman’s earnings are directed towards expenses other than her own, such as domestic help, tuition classes, home purchase EMIs and so on.” Remember – managing your money is more important than earning it. Try to ensure that all your monies are not spent on common needs.