Five Smart Financial Planning Tips Every Woman Should Follow -

By BlissMoney Fintech Pvt. Ltd.
Empowering Women with Financial Wisdom

In recent years, more and more women in India are stepping into roles as earners, decision-makers, and business owners. Yet, a large percentage of women still depend on others for financial advice and long-term wealth planning.

Financial planning is not just about saving money—it’s about creating freedom, security, and opportunities. Whether you're single, married, a working woman, or a homemaker, it’s never too late (or early) to take control of your financial future.

Here are 5 essential financial planning tips every woman should follow:

1. Define Your Personal and Financial Goals
Why it matters:

• Many women save money but rarely set specific financial goals. Without a goal, your savings may not be sufficient for your needs.

What to do:

• Think about what you want in life:

• Do you want to buy a house in 5 years?

• Want to retire by 55?

• Are you planning for a child’s higher education or your own business?

• Once your goals are clear, assign them a realistic time frame and monetary value. This is the foundation of your financial plan.

• Setting clear goals helps you choose the right investment options and plan your monthly savings accordingly.

2. Make Budgeting a Habit
Why it matters:

• A budget tells your money where to go instead of wondering where it went. Women often manage household expenses well but may not track their own personal spending.

What to do:

• Start by listing your monthly income (salary, freelance income, passive income).

• Deduct your fixed expenses (EMIs, rent, school fees).

• Track variable expenses (groceries, outings, shopping).

• Allocate at least 20–30% of your income to savings and investments.

• Use a budgeting app or even a simple Google Sheet. The key is to track consistently and review your budget monthly.

•  A disciplined budget is the first step toward financial independence.

3. Build a Strong Emergency Fund
Why it matters:

• Life is unpredictable. An emergency fund acts as your financial cushion during events like a job loss, health emergency, or a temporary career break (especially common for women during maternity or caregiving periods).

What to do:

• Aim to save at least 6 months of your essential monthly expenses.

• Keep this money in a liquid mutual fund or high-yield savings account for quick access.

• An emergency fund protects your long-term investments and prevents debt during crises.

4. Start Investing—Even with Small Amounts
Why it matters:

• Many women are great savers but hesitant investors. Savings in a regular bank account do not grow enough to beat inflation. To truly grow your wealth, you must invest.

What to do:

• Start small with these beginner-friendly options:

• Mutual Funds via SIPs (Systematic Investment Plans): You can start with ₹500/month.

• Public Provident Fund (PPF): A safe long-term investment with tax benefits.

• Index Funds: Ideal for long-term goals like retirement.

• Gold ETFs or Sovereign Gold Bonds: Good for diversification.

• The earlier you start, the more you benefit from the power of compounding.

At BlissMoney, we offer personalized investment portfolios designed for women based on your goals, risk appetite, and income.

5. Don’t Ignore Insurance—It’s Not Just for Breadwinners
Why it matters:

• Medical costs are rising. And if you have dependents—children or aging parents—you need to ensure their financial future is secure even in your absence.

What to do:

• Health Insurance: Choose a plan that covers maternity, women-specific critical illnesses like breast or cervical cancer, and has a cashless hospital network.

• Term Life Insurance: If you're the primary earner or a co-borrower in a home loan, this is essential.

• Personal Accident Cover: Often overlooked but very affordable and useful.

• Insurance helps prevent wealth erosion due to unexpected events and should be part of your overall financial plan.

Final Thoughts
Whether you earn ₹30,000 or ₹3 lakhs a month, financial literacy and planning are your tools for freedom and confidence.
At BlissMoney Fintech Pvt. Ltd., we understand that every woman’s financial journey is unique. Our wealth advisors offer customized financial solutions for women, whether you're just starting your career, managing your family finances, or planning your retirement.

👉 Take your first step today.
💬 Contact us for a FREE 15-minute consultation: www.blissmoney.in