Women are known to be great multi-taskers. So, what stops them from handling their finances?

Excuses that shouldn't stop women from handling their finances

You pay your bills on time, bargain like a pro, watch your wallet, and keep a track of the expenditures. Doesn’t that sound like a person who understands money matters well? But when it comes to financial planning, you fail to prioritise your well-being.

Let's look at some of the excuses you give yourself each time there is an opportunity to take charge of your financial future -- and our solutions for them.

Excuse 1: "I don’t understand personal finance."


Isn't it funny that women across the world show such proficiency and confidence on an everyday basis - impressive physicians, resilient managers and composed homemakers. But at the mention of personal finance, and their confidence ebbs away.

If you are a beginner, go through your financial statements on a periodic basis so you are conscious of where you stand. As you get more familiar with the subject, you could tutor yourself by reading personal finance articles and blogs.

You can also seek help from a reliable person who can double up as a financial advisor- spouse, family member, friend, colleague etc. They may help you explain finance in an easier way. Once your basics are right, understanding the financial world won’t be an impossible task.

Excuse 2: "I don’t earn much. So, my husband/family takes care of investments."

Saving money alone isn’t going to grow your wealth. Investments are equally important. Moreover, it is really unfair if the whole burden of making investment decisions lies on the shoulder of one person. Your participation can make it much easier for them.

Making an investment doesn’t necessarily mean you need to put in a huge amount. You can always start with a small amount, monitor the performance and accordingly, invest in instruments that offer the kind of security and returns you are looking for. It is important to remember that your investment has the potential to grow your wealth in future.

But before you invest, acquire information about the various investment options there are in the market. You may also seek guidance. The person you approach could help you select the investment option that suits you the best.

Women commonly work lesser years but they also live longer. Hence, as a woman, it is important to concentrate on the issues that are unique to you when planning for your retirement years.

Excuse 3: "What if I don't get the right investment option? Would I be able to continue investing despite my meagre income?"

No one ever learned to swim by staying out of the pool. Over-analysing your decisions will only induce anxiety and panic. Remember that it is important you take control of your financial future.

If you are confused and fazed about the right investment product, understand that there is no blanket investment strategy for all. Gather right and relevant information and just enough to keep you from being confused and immobilized from investing. 

Excuse 4: "With handling my job, household issues and children, I’m not really left with enough time to deal with financial matters."

It’s true that sometimes 24 hours in a day seems really less. Taking part in financial matters, initially, will take some time and effort. You can begin with basics like – maintaining a bank account, filing taxes, etc. Later on, you can graduate to reading-up on investment instruments like- mutual funds, stocks, schemes, etc. Once you start doing this, you won’t need to dedicate a lot of time to think about financial matters.

Nowadays, you have various apps that provide you with all the financial information you need. So, you can handle your finances on the go.

A little effort now will make you confident and independent so that you handle things on your own, especially during emergencies.


Mindsets are evolving with time as women are getting increasingly interested in goal setting and investment choices. View money as a tool that will help you achieve your purpose and ensure your wellbeing. It can be the means of winning the life you've always wanted.

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