The mortality rate of women has surpassed that of men. Women have to acquire more knowledge in financial planning as husbands or other male counterparts can no longer be treated as a ‘financial plan'. Women now constitute an important part of the working force; have more savings and thus spending power. So financial literacy is an important aspect for an empowered woman and hence a more advanced society.
Here are seven sources from where women can gain financial literacy:
- Powertome.com: This website, Power to me, first makes you aware of financial empowerment and then provides you with the techniques of financial literacy.
- Wallstreetsurvivor.com: Wall Street Survivor helps you to understand about investing and personal finance through interactive and comprehensive education. Complex concepts, needed to succeed financially, are explained in layman's language. They allow you to use fake cash to invest in real companies, under real market conditions.
- MyMoney.Gov: This site was launched by the Federal Financial Literacy and Education Commission in order to help people in the following categories: Spend, Earn, Save & Invest, Protect and Borrow. The site also comes equipped with money quizzes and tools like budgeting worksheets.
- Yahoo! Finance education: This is an amazing source if the need to know about a financial term or if the need to know the basics in investing and personal finance arises. The site also provides the latest financial news and advice from reputable sources like the Wall Street Journal.
- Bankrate.com: Bankrate supplies plenty of information on bank rates, mortgages, and credit cards. It is also an excellent source of personal finance advice in such areas as financial planning, retirement, and investments.
- Valueresearchonline.com: It is one of the leading investment research companies in India. It helps people to invest wisely.
- Livemint - From mark to market: You can hop on to the financial pages on Livemint because it provides an incredible insight into the economy, financial markets, and stocks.
Thus financial literacy includes learning the skills to create a budget. It also includes techniques to pay off debt and effectively plan for retirement. All the above sources help financial literacy in individuals, making them self-sufficient so that they can achieve financial stability.
Sonakshi Goel is an intern with SheThePeople.TV
Read also: SheTalksMoney: Don’t Fear Financial Planning, Experts Tell Women
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