Women and financial literacy

finance

Financial literacy is necessary for everyone with gender no bar. However, the sad part is women lag behind in financial literacy big time.

This is an issue less addressed probably either most of us shy away admitting it and above all the male population is not aware of it all. A large segment of women, not only in India but abroad as well avoids dealing with financial/ banking jargon and tasks.

Cash flow, debit, credit, insurance, loans, rate of interest, savings … too much to handle?

As banks and finance is all about our money, in order to stay safe and avoid any blunder we ask the male members to deal a large part of it. A recent literacy study conducted by the Global Financial Literacy Excellence Center checked the degree of knowledge among men and women about the stock market, inflation and interest rates. The results were really disappointing and bothersome. The percentage of men was 16 percent higher than the women participated in the survey.

This isn’t a matter of negligence rather a major setback on terms of progression of the globe. Among various kinds of gender gaps, this is another major kind of gap mostly women deal, nation / continents no bar. The incompetence in financial literacy makes the women face darn repercussions in their daily life. They find themselves in deep water the moment they fall under situations that barge them to deal with all of all alone. These circumstances also lead to further worse situation like crossing of deadlines, defaulting the loans, dealing with taxes and many more.

This issue needs attention and each one us must take initiatives to improvise the trajectory of financial literacy in women. There are several initiatives coming up lately that are imparting financial literacy and bridging the gap worldwide. Some of such organizations serving for this noble deed are – The Women’s Institute for Financial Education (WIFE), The Financial Literacy Organization for Women and Girls (FLOW), Women’s Institute for a Secure Retirement (WISER) and The Financial Women’s Association to name a few.

The literate women can take the aid of the free online resources available on finance. They give you a clear picture of the entire finance scenario – of things you do not understand related to your bank account. Enroll yourself into financial literacy programs – a step that will empower you more than ever before. These programs help women to sharpen their basic banking, investing and saving skills.

A proper financial literacy will save you from all the tough times in life, whether you are just a housewife or a working woman. Having the knowledge of financial jargon is always something you will never ever regret.

Cinderella in the city

20170427_194212

You have your dreams settled on me.

But O prince! There are unsaid things that haunt me.

I am not what you know me as.

I am not the daughter of the kingdom you know me of.

I belong to another kingdom.

The king you know holds the most prestigious place in my life.

The princess you know, is the Cinderella you have heard of.

Who wore the magical slippers and came to the ball that day.

Now that you fell in love with the Cinderella , what shall you do?

 

Santa with the Big Apple

santas-big-apple-1018959_F

When I was a little girl,

I believed in Santa Claus, the earl.

I had a unique bond with him

He bringing gifts every year with a whim.

Never did I know it was my mother who kept the gifts.

Every year, I eagerly waited for those specials beside my pillow into the socks

More than the gift, it was the moment that fascinated me

One day I came across the truth-There was no santa.

No santa means No gifts.

Somewhere I believed my Santa existed stuck up in major rifts.

Gone far away to distant land

Until One day, my Santa came back with a bang.

From that distant land, he sends me small gifts every day

The times are modern, so are his ways.

No he doesn’t come on a sleigh

Rather chooses the path of ‘swish and sway’

Sometimes stars, sometimes raffles

Sometimes wines and sometimes with the Big apple!

Mantra of being a happy late bloomer: The early bird catches the worm, but the second mouse gets the cheese!

anne

There is always a flower in the garden that always blooms much later than the others. Similarly, there are people in life who are generally the late bloomers in various facets of their life. They tend to achieve things in life, a bit late than the usual.

I have always been one such late bloomer all my life. In every aspect of my life, I admit I have been a pretty good late bloomer.

Usually it is said: The early bird catches the worm.

But, would like to remind another quote: ‘Blessed is the Second mouse for he shall inherit the Cheese.’

So, even if you aren’t on time where you are supposed to be like the others, it is absolutely alright.

The life has a nice plan for you, need not fret about it. Have faith in the supreme power or at least on yourself (in case you are an atheist.) The right things happen at the right time, in the right way.

All my life, at every step life has taught me this simple fact. Be it my admission in a good school, graduate or post graduate college or getting a job; Every phase I was taught the same thing. The right and best for you, comes at the right time and in a form that is perfect for you.

I won’t boast saying that I got what was the best. Rather, I would say, I got what was best for ME.

Probably, that is why I am happy and contented right now, with what I have in my life. And above all, I value it because I got it after a lot of yearning for that particular stuff.

Being a late bloomer also has a lot associated which are not rosy, at all. People initially may consider you useless (chuck). Most of them leave considering that you don’t have a future, only few shall stay. Many will mock you, as well.

But, in this entire process, one good thing that you may learn is: to stay strong and stand for what you feel is right. NO MATTER WHAT.

In history as well, some of the biggest personalities have been regarded as the late bloomers. So, there is simply nothing to be embarrassed of, if you are one of them. IT’S ABSOLUTELY FINE.

It’s your life, it’s your journey. Live it the way you want to live it. Rest shall follow.

Well, there is another secret reason why I simply love being a late bloomer. I LOVE GIVING SURPRISES!! (Wink). Try having a look of the faces of the people once detested you. You shall know why I am saying this. (Winks)

Being a late bloomer gives you a chance to check and test who are your truest friends. The real ones are gonna stay no matter what. So, go ahead and be a proud Late Bloomer!!!!

 

 

What is Step It Up Campaign: Planet 50-50 by 2030

 

50-50-ii

The world has been struggling since many years over gender equality. United Nations Women had come up with this agenda of creating a 50-50 planet where all women and girls will have equal rights as well as opportunities by the year 2030. This Step It Up initiative was started on International Women’s Day of 2015.

About some 80 world leaders, have come forward to commit for eradication of gender equality gap through this Step It Up Campaign.  Concrete and considerable actions have been requested to take to end discrimination against women. National commitments including national action plans, investments, change of policies and laws and more have been announced.

No other sole issue was given so much of importance and political consideration as this, at the UN Summit on 25-27 September under the adoption of Agenda 2030 and its Sustainable Development Goals. Step It Up has come up at the right time that is now! The 2030 Agenda for Sustainable Development gives a complete map towards the future of the entire planet, gender no bar. Encouraging and empowering the women and girls is vital to attain the Sustainable Development Goals.

Commitments that are made every year involve a wide spectrum of issues speaking of the most critical barriers for women and girls, such as bringing equality for women at all stages of decision-making, cumulative investments towards gender equality, eradicating biased lawmaking, and focusing over social norms that propagate discrimination and violence against the women segment.

Steps that are primary to safeguard women’s economic empowerment in work place including bridging the gender pay gap are committed; acknowledging women’s unpaid domestic work and concentrating over the gender insufficiency in services, poverty reduction and sustainable growth.

Moreover, policies and laws must consider the overwhelming mass of women in the informal economy, encourage women’s reach to advanced technologies and trainings, civilized work and climate-resilient occupations and safeguard women from violence in the work place.

Every year International Women’s Day, UN Women calls upon participants to Step It Up for Gender Equality to achieve a Planet 50:50 by 2030. This time the theme for International Women’s Day, 8 March, 2017, is “Women in the Changing World of Work: Planet 50:50 by 2030”.

The world is working towards this new development agenda, for the expiration of gender inequality. NOW is the time! Each one of us must start doing our bit right from today!