Financial Literacy and Women

 Gender equality in the sphere of both economic and financial turf is increasingly on the rise at both the national and international levels. With this scenario, the financial literacy of women and girls should not take backstage and should be seen as a way to improve their financial empowerment, opportunities, and well-being. This has been acknowledged by the G20 Leader’s Declaration in June 2012, as well as part of a wider horizontal OECD project on gender equality. 

Women around the globe are known for their outstanding management skills and multitasking in running a home and should not be dependent on men or anybody in taking financial decisions for investments or retirement plans, or insurance. As women make up around half the world’s population their participation and contribution are a must for any country’s development. 

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. The lack of these skills is called financial illiteracy. Economic freedom to form their own identity is an important aspect of the growth of girls. If women take the lead in financial matters they will give a huge boost to India's GDP and thus contribute effectively in various sectors of the economy.

Women in politics, technology, research, literature, business, space, and much more areas are already exploring their true potential. Being financially literate will improve their status and boost confidence so that they can take a stand against abusive crimes such as domestic violence, harassment.

The need of the hour is to bridge the divide between rural and urban women as rural women are ignorant of basic banking.

Comments

Post a Comment

Popular posts from this blog

Lyrics of "Song For Survival" by Neel Adhikari and Mithila Palkar #DiceLittleThings

   It's Not for us to say What will be And at the end of the day We'll see which way the whole thing bends And what it could bring 'coz nothing really matters 'cept the little things Some say it works like this, Maybe it's true, But the truth can lie sometimes, That's faith for you, Let the preachers talk, and we could sing The song for survival make sure it swings We are not perfect, we are not slick ooooooah We don't steal , just like thieves we are thick we walk our talk and we sing The song for survival make sure it swings It's not for us to say What will be and at the end of the day we'll see Which way the whole thing bends And what it could bring 'coz nothing really matters If we could swing with the little things.
Read more

Lyrics of "Tham Ja Zindagi - Girl in the city"

Image
I love this song. I hope you will like it too. Tham ja zindagi  Lambi daud hai, thak jayegi tu  Ab manzil door hai  Wadein jo kiye the khud se  Poore honge muskil se  Ghayal ho gayi hai par hari toh nahi  Agar magar tujh ko lagta hai darr  Bheed mein tu akeli nahi hai Ahista se chal Thokar khayi hai Bachpan se girte padte  Himat aayi hai,  Wadein jo kiye the khud se  Poore honge muskil se  Jahan dag-magayegi, khud ko payegi wahi  Phir bhi agar tujhko lagta hai darr  Bheed mein tu akeli nahi hai.... Iss bheed mein, iss bheed mein.. Kadam dag-maga jae toh girne na dena  Rastein bhatak jaaye  Toh manzil dikha dena(3) Bheed mein..
Read more

ADDICTION - Part 3

Image
Knowing about Gambling addiction was fun!! Shopping Addiction is urge to spend more and more money and buy everything whether you need it or not. The addiction is also known as compulsive shopping or compulsive buying disorder. When we come across the term shopping it right away indicates women shopping but it affects men and women equally. Men do not over shop but they spend a way too much (on concerts, sports, and car).  About 60 percent of the population purchase things when they are on sale. As estimated 5-6 % of the American population is affected by this addiction and face financial crisis. Shopaholics is a common term we use to describe a shopping addict. Many shopaholics shop when they are stressed out because shopping makes them happy. It boosts the mood when they are low. Some shop for the perfect item and some just shop because they want to spend every single penny and buy everything. People who shop this way believe that if they shop they will feel better b...
Read more