One of my aunts (a homemaker) called me post demonetization in 2016 and said, "I had saved money from my household expenses over the years but in cash. I don't know how to convert it to the new currency. I can't inform your uncle as he wouldn't allow me to save money like this going forward." Another relative called me during covid last April saying that her husband was hospitalized, and she did not know how to access money in the bank or use their mediclaim policy as details of both were only known to her husband. In the third instance, the husband in his 50s, ran a business, and now suffers from dementia. His wife, a homemaker with two kids is left to fend for herself without knowing much about the business or the finances. All three instances are pressing reminders why money management skills are a 'must learn' for women.
This story is from the March 2024 edition of Outlook Money.
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This story is from the March 2024 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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