A woman who is financially independent was recently asked why she doesn’t spend her money on high-end expensive items. She answered in a way that went against many common ideas. Then, SheThePeople talked to a few Indian women who are in charge of their own finances. The answers they gave when asked how they tell the difference between spending recklessly and saving are very insightful.
In order to break down assumptions, the choice of becoming financially independent
The choices that many women make today support the idea that women who are financially independent are more likely to spend their money on nice things. The smart way these women handle their money and the smart decisions they make are more important to them than giving in to public pressure or trends.
What women who know a lot about money have to say
When asked about how they spend their money and what investments they like, Indian women gave the following insightful answers:
Finding a Good Balance Between Present Pleasure and Future Safety:
Many women stressed how important it was to find a balance between fully enjoying the present and making plans for the future. They enjoy a few treats or pleasures every once in a while, but they save and spend their money to make sure they will be able to pay their bills in the future.
Preference for Quality Over Brand Name:
Many people think that high-end brands are always of better quality, but these women value value and usefulness more than brand names. They wouldn’t buy something just because it has a well-known brand name on it; they would rather spend their money on experiences or things that give them real benefits.
When it comes to minimalism and thoughtful spending:
These women practise minimalism and choose to buy things that are in line with their beliefs and goals by being aware of what they are buying. On the other hand, they don’t buy things without thinking. Instead, they focus on getting things that are good for them and make them happier overall.
What you can do to put money into your own growth:
People who are women often choose to spend their money on events and things that make their lives more fulfilling instead of buying things. They see these investments as valuable assets that will pay off in the long run, whether it’s by letting them travel, continue their schooling, or pursue hobbies.
Building People’s Skills Through Financial Literacy:
These women give themselves power and encourage others to do the same by actively handling their money and making choices based on correct information. They are aware of how important it is to be financially literate, and they work hard to get the information and tools they need to handle their money well.
Women who are financially independent shared their thoughts, which make us think about common ideas about spending and emphasise how important it is to be mindful when handling money. By putting value, balance, and self-empowerment higher on their list of goals, these women are changing the lines between reckless spending and smart investing. Not only getting rich is important to remember if you want to be financially independent. It’s also about making smart choices that are in line with your values and goals.
Saourya