So find a Financial Doctor and talk to her as you would to a medical doctor. No one knows about your financial planning, your goals, your needs better than you. After all, you are taking all your major life decisions for yourself. Taking charge of your money needs to become second nature. So doesn’t it make more sense to ensure that whatever you earn is invested in a manner where it can fetch you the best returns? As it is, women in India are working in an environment where the gender pay gap is estimated at 24.81%. You must too, plan for any eventuality that may result in a sudden stop in income flow. But having planned for it, I have saved enough to ensure a steady flow of money for my needs. When I had my baby, I took a sabbatical and it resulted in a loss of income. But where I disagree with my mother’s financial planning is that I am actively trying to take my money out of my savings account where it sits idle, and investing it. I have also followed the same principle – his money being our money and my money being my money.

She may not have been in charge of the big savings my father did, but her own money – and whatever she saved from household expenses – she kept control of. But the account where her salary came was her account. I loved my mother’s way of thinking – she shared a joint account with my father where his salary came.

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