Research article

STUDY OF FINANCIAL INSTRUMENTS PREFERRED DURING FINANCIAL PLANNING BY WOMEN WORKING IN HIGHER EDUCATION INSTITUTIONS

Vipasha Choudhary, Kavita Mittal

Online First: December 30, 2022


One of the most significant characteristics of the new dimensions, in which women compete head-to-head with their male counterparts, is explored in the current research. Women are now more aware of the value of financial independence thanks to rising literacy rates, access to improved educational and employment options, and changing government policies aimed at empowering women. Women must organise their finances at every stage of their lives to be prepared to tackle any unforeseen circumstances on their own. She must therefore be financially knowledgeable and actively participate in all financial planning to be able to securely handle her finances in times of financial trouble. Regardless of whether a woman was married, single, divorced, or widowed, she was still in charge of ensuring her own financial security and well-being. Although many women were still hesitant to get involved in the process of financial planning, other women understood the value of being financially independent. They can also, if necessary, seek financial guidance from qualified investment experts to create portfolios that are in line with their risk tolerance and objectives.

Keywords

Financial planning, working women, financial investment, independence