Being a mother is itself a “Job" and a tough one at that! Working hours? 24/7! From running the house to managing schedules, the task list can be never-ending! But all the chaos and responsibilities often put heavy pressure on managing the finances and working women professionals have to handle both the finances of the family. Over and on top of that they need to ensure foolproof investing for children too.  

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Asked about the ways through which working women can ensure safe and foolproof finance for the family and ensure a healthy future for their kids in terms of finances, Rahul Jain, Head, Personal Wealth Advisory, Edelweiss said, "While time management remains a pain point for most working mothers, I believe that it should not be an excuse for taking into cognizance your money matters. Hence, I wish to shed light on 4 monetary aspects all working mothers need to focus on – because finance has never been gender-specific!"

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Top 4 tips for working women:

Shift in Financial pressure

Never put yourself in a situation where one partner is put under the financial pressure test. Both the partners should discuss their finances by pre-planning it. Working from home or re-joining the work or building a fund especially for your child is to be considered and well-planned by the couple. This will benefit to keep your career going and ease out on any financial worries.

Plan for Emergency needs

Giving up on your job to bear a child is a tough decision. But this does not stop you from planning your finances well when your little one arrives. Building an emergency fund with at least 6-months of your expenses set aside can help you in the time of need. This will help you in managing your expenses, till the time you complete your maternity period and restart your career.

Revamp your Insurance needs

There is an unnecessary adage of sacrifice attached to a mother – especially when it comes to tackling resources. But your financial resources need not be sacrificed on some emergency if you take care of some basic insurance requirements along the way. 

Be less risky with your portfolio

As a parent – the responsibility requires you to take care of several expenses. Therefore, when it comes to planning and identifying your investment avenues, it is best if you look at options, keeping two things in mind:

1] The risk element is countered through a well-diversified portfolio; and

2] You have sufficient corpus placed in funds which can be liquidated whenever the need arises.

Most importantly, be very smart with your investment strategy. Smart investment strategies don't often change a lot.