Outlook Money
Homemakers can develop financial knowledge by reading, listening, watching relevant resources and participating in family financial matters.
As homemakers, they can focus more on savings.
Take advantage of retirement-focused saving schemes, such as the National Pension System (NPS), Public Provident Fund (PPF), etc.
Retirement planning is incomplete without risk coverage. So, get life and health insurance for the family for emergencies.
Joint ownership ensures equal access to financial resources and facilitates collaborative financial planning.
It is essential to plan to pass on the assets after death to loved ones while staying financially independent during their lifetime.
Compiled By Himani Verma