A couple of days ago, I was watching “Wagle ki Duniya”. Those who watch this show know about the star cast. A dialogue mentioned the contingent funds every mother keeps in her home bank account. This secret fund gives the entire family a sigh of relief during tough times. Sometimes she takes out a percentage of the household income and keeps it aside. Traditional methods for maintaining this secret account used to be daal-chawal ke dabbe lentil-rice container or in the home temple drawer.
Compared to today’s generation, earlier mothers or women were less technology savvy or financially involved than they are today. Their traditional saving methods were doing their job. But with the increased expenses, they need to be more aware of the finances. When a mother understands the need and ways of saving money, it creates stability in the family.
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She needs to understand her family’s financial goals to manage the family’s finances smartly. Once the goals are clear, she can start investing.
To learn about different investment options, she can also take professional help. Financial advisors know how to find the best strategy for us.
While mothers have short-term goals in mind, they also need to consider long-term ones. Sometimes, by not paying due attention to them, a few short-term challenges can disturb the balance.
Last but not the least, being disciplined and consistent is very important when it comes to managing family’s finances.
Keeping a mother’s role in mind, HSBC Mutual Funds has come up with Mom and Mutual Funds. The following info-graph will help you to understand it better.
For more details, you can visit the HSBC website. Also, readers are requested to fill this form to help you understand better and have your queries answered by the brand.
Disclaimer: THIS IS A SPONSORED BLOG POST and a part of the public awareness campaign by HSBC Mutual funds. The aim of this post is to spread awareness and encourage more and more women, and mothers to build their financial freedom by way of investing in the right financial instrument. Please seek professional advice and explore the best-suited options and plans for your needs.
Mutual Funds are always the best and Ideal choice not just for the mothers but for all. I started investment in Mutual funds when I started working and before my marriage. In short Mutual fund investment is always a good choice irrespective of gender and age.
Thats great that you started that early.
This new mutual funds scheme focusing on mothers and women is quite impressive. It can help moms manage their finances better. Thanks for sharing about this, Alpana.
Yes, I also felt the same.
Moms play a crucial role in managing finances at home.HSBC mutual funds definitely look.to.be of much help to moms for better planning
Yes.
I find Mutual Funds are the safest and best investment tool for women and moms. Kudos to HSBC for creating awareness and making more women financially independent.
Yes, HSBC came up with a great solution.
“Mom and Mutual Funds” seems like a great initiative. It acknowledges the crucial role mothers play in managing their family’s finances and encourages them to explore the world of mutual funds. It’s a wonderful opportunity for moms to enhance their financial knowledge and make informed investment decisions for their family’s future. Thanks for sharing about it, Alpana!
Yours welcome!!
Yes we moms are so like mutual funds. We take care of everything and make sure that we save too. Hats off to us!!
Yes, hats off to us!!
Wagle ki Duniya is our favourite show and I love how they talk about important topics like moms and their role in financial planning. Mutual funds are a good investment option and must be explored as per our requirements.
Very true!!
Mom’s are the front runners of the family when it comes to managing the finances. And yes mom’s have hidden deposits in kitchen :))
🙂
being financially independent, and managing personal finances are so important for any woman – mom or not a mom. But when you become a mom you need to invest wisely so that you can also contribute towards your kid’s futre. These are important pointers.
Absolutely!!
Loved the Infographic by HSBC. I have filled up the form. Yes! Mutual funds are a great investment option for all moms.
thank you