This, in spite of the fact that Indian women are possibly among the best managers in the world. Whether you look at the smallest household in a remote village or an ultra-modern family living in the city, the Indian woman has always adopted and followed various methods of saving to cater to her family’s needs over generations.
For instance, a housewife sets aside small portions cleverly from the meager resources. Irrespective of a woman's knowledge, education or literacy, she has proved that she is capable of saving money for contingency without anyone teaching her the same. Sadly, there is no formal course in money management for women. But women have learnt it. Instinctively. And many a times "On The Job" without training.
However, with changing times, despite the cultural reverence for saving, modern Indian women are becoming increasingly prone to financial mistakes.
Here are the 10 most common mistakes women commit when it comes to handling their hard-earned money. These, most often, work in tandem with each other.
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Text: Chitra Iyer, CEO, My Financial Advisor.