It's all about money, honey

AMRITA MUKHERJEE / TNN / Dec 20, 2005, 22:36 IST

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She's a compulsive shopaholic. She spends more than she earns. She knows the power of money. It's all about SHE & ECONOMY.

She's a compulsive shopaholic. She spends more than she earns. All said and done, she still manages her ghar ka budget. But things have changed. She now knows the power of money. It's all about SHE & ECONOMY.
Sunidhi Mishra, 28, education manager, with an IT firm said, "I was being taxed heavily and to get a respite I invested in a flat. Since I am single, my parents found the idea strange. But an EMI of Rs 6 K per month helps me a lot. Also, I will get appreciation value for it.��
Suranjan Dasgupta, manager of the investments section of a bank, says, "Women are very conscious these days. They have tax consultants. Women are also more open to investment plans than men."
Tax consultant, Pronab De, says, "Most women prefer NSCs rather than PPFs. The certificates, probably make them more secure."

Sangeeta Jalan, member of an organisation which conducts investment classes for women, says, "Despite being a commerce grad, I was so busy with my family that I has stopped thinking about my money. These classes guide us on investments.
I have bought shares of steel giants, fertiliser companies and FMCGs. Now I even advise my husband on this." ..
...
Why women need to save:
Women live longer than men (an average of seven years) so they need 20 per cent more for retirement.

�� On average, women earn 25 per cent less than men.
�� Since women tend to take time off to raise children (women take off approximately 10 to 11 years more from work than men), they save less than men do for retirement.
�� After earning lower salaries for few years, women's social security benefits are about half of men's.
CASH BOX
�� Mouli Ganguly: I've been earning since I was 10. I've invested in property and bonds. But I don't get into shares because I don't understand them at all. There is nothing to lose in investing because it helps in the long run. It's like a backup to secure your uncertain future.
�� Shilpa Saklani: I'm in this industry to make money and secure the future of my kids. I have invested in property and other bonds. I also invest heavily in jewellery.

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