WHAT MATTERS YOU IN THE BUDGET - 2013

Indian Budget - 2013

       No changes in slabs and rates of Income tax

·         Tax Credit of Rs.2000/- to be given to people earning between `2 - `5 lacs

·         RGESS to be liberalised - extended to 3 consecutive years and eligible income level raised to `12 lacs

·         First home buyers taking of loan upto ` 25 lacs to get additional `1 lac benefit of interest paid - over and above the limit of `1.5 lac

·         Infrastructure debt funds - IDF to be given impetus by giving signals to float Tax Free Bonds

·         KYC of banks to be applicable for buying insurance

·         On 42k persons filing income more than `1 CR - 10% additional surcharge - only for 1 year

·         Surcharge increased on domestic companies having revenue of `10 crore and above

·         Surcharge on Dividend Distribution Tax increased

·         TDS of 1% applicable for sales over `50 lacs - agricultural land exempted

·         STT rates reduced on equity FUTURES (securities transaction tax)

·         DTC - work in progress

·         No Change in Peak Customs Duty, Excise & Service Tax

·         High End goods like cars, motocycles, yatchs etc - customs duty increased to

·         Duty Free limit for Gold brought by individuals from abroad raised to Rs.50000/- for males & Rs. 1 lac for females

·         Excise on tobacco products increased

·         Excise on SUVs increased to 30% from 27%.  not applicaple for registration as TAXI

·         Mobile phones - priced more than Rs.2000/- increase in duty

·         Service Tax to be levied by all Air Conditioned Restaurants

·         Fiscal Deficit target for 2012-12 is 5.5% and estimate for 2013-14 is 4.8%

·         Demand - Supply issue raising the inflation

·         Plan Expenditure to be `5.53 Lac Crore - more by 29% in 2013-14

·         Total Expenditure to be `16.65 Lac Crore for 2013-14

·         To create jobs for youth, raise incomes & safety

·         Focus on Human Development - Gender, Disability - a new feature in the budget

·         Allotment to HRD ministry - `65K Crore - increase by 17%

·         Focus on Agri exports - which is often oppressed by populist parties

·         Food Security Bill is a commitment of the government - allocation of `10k Crore

·         Dabhol power plant to be fully operational in 2013-14

·         Benefits announced MSMEs

·         Proposal to set up India's first all woman bank in the public sector to be run by women and for the women with an initial capital of `1k Crore - to be opened by October 2013

·         New Co Bill stresses on CSR activities

·         New branches of LIC & one General Insurance company can be opened without the permission of IRDA in TIER II cities

·         `14k Crore capital infusion in PSU Banks

·         Incentives to Foreign Investors by simplifying entry rules

·         Defence Allocation increased - allocation of `2.03 lac crore

·         Modified GAAR to come into effect from  01-04-2016

5 Money tips for expectant parents

 Welcoming a child in the family is one of the most anticipated events in a couple’s life. However, if you haven’t planned for it well, it could be financially debilitating. Here are the things you should take care of before the baby arrives, says Namrata Dadwal. 

 1 Don’t buy everything   

Most parents start splurging on cute baby stuff the moment they receive the good news. But, remember, your baby isn’t going to notice, let alone remember, the expensive toys, clothes or nursery accessories. So, avoid spending money on things that she’s going to outgrow within a few weeks. Preferably, rent most of the stuff, buy pre-owned items online or use hand-me-downs, especially items like baby swings or cribs. For the latter, check sites like olx.in, rentoys.in, toys-on-rent.com and toyzland.in. It’s a good idea for parents to focus on essentials as the baby is likely to receive a lot of gifts. You don’t want to end up with double of everything, do you? Instead, spend on baby-proofing your house. Once the child arrives, you will hardly have time for repair work for at least two years. So, install smoke alarms and socket protectors, smoothen and varnish splintered wooden furniture, and install shelves so you can keep stuff above the toddler’s reach.  

2 Get your finances in order  

 
Your budget will go up substantially once the baby arrives, so it’s best to get rid of high-interest debts or at least pay off as much as you can. You’ll need to bolster your contingency fund, too, since your monthly expenses will be on the rise. Keep at least six months’ worth of expenses in the fund. Also, discuss with your spouse whether both of you will continue working or move from a DINK to a SISK (single income, single kid) family. If both of you plan to work, calculate how much you are likely to spend on hiring a full-time maid/nanny. However, if one of you is thinking of quitting, try living on the income of only one person for 3-4 months to see if you can afford to do so. In this case, take care of financial paperwork too. If you want to leave the job for an indefinite period, you may want to consider withdrawing money from the EPF and investing it in another avenue since the former won’t earn you any interest if there is no contribution in it for three years. 

 
3 Write a will 

 
Don’t be lax here. Write/modify your will immediately to ensure that your child has no problems claiming your assets as a legal heir. You could even appoint her as a nominee for some of your investments or accounts. More importantly, appoint a guardian for your child after taking that person’s approval. Specify the manner in which you would want your child to be brought up and the assets to be used for rearing her, if anything were to happen to you and your spouse. This will avoid any confusion or acrimony among family members about who will be responsible for what. 

 
4 Increase your insurance 

 
Review all your insurance policies. Take a term plan or enhance the existing one after taking into account all your outstanding debts and the amount you will require to sustain and educate your child for the next 20 years. Reassess your health plan too. The cost of prenatal and postnatal care, as well as regular paediatrician consultation fee, can be exorbitantly high. Even if your employer provides a cover, buy a family floater plan that includes your child. A cover of 3 lakh for a 30-year-old with a family of three will have an annual premium of 6,500-7,500. However, all such plans cover the child only after he is over three months old. Some plans provide maternity benefits too, but you should have had the policy for at least two years to avail of this benefit. 

 
5 Start saving for other goals 

 
Bringing up and educating a child can be very expensive. In fact, you will spend 50-60 lakh on your child till he turns 21. At least half of this amount will be spent on education. So, start saving early for this goal. A good way to begin is to invest the cash gifts that your baby receives and start a monthly SIP. If you begin investing even 2,000 a month after the baby is born, you will have a corpus of about 12 lakh by the time he is an adult (assuming 10% return). However, don’t pare down on investing for your own goals, specifically retirement. You can get a loan for your child’s education, but you won’t get one to sustain you during the sunset years.

HOW TO FILE A COMPLAINT AGAINST YOUR BANK

Find out where to lodge your grievance and the steps you need to take to redress it suitably.

AMIT SHANBAUG

    Laxmi Bhardarkar, an 81-year-old retired schoolteacher from Mumbai, feared phone calls till recently. It wasn’t suprising considering that she had received nearly 1,500 threatening, abusive calls for over two months. Bhardarkar’s fault? Her son had pending dues on his credit card, a transaction he had not even carried out. He had sent a letter to the bank, pointing out the error and refusing to pay. After this, he had to go abroad for an official assignment, and while he was away, the bank appointed recovery agents, who started harassing his mother. The ordeal ended when the family contacted the police. 

    The Bhardarkar family isn’t alone in its predicament, nor is it the only grievance against banks. In 2011-12, 48,180 complaints were filed against public-sector banks alone. Here are the steps you need to take to redress your grievance. 

 Step 1
Complain to your bank According to Adhil Shetty, CEO, Bankbazaar.com, nearly all banks have a grievance cell. “So a customer can visit the bank and meet the officials to sort out the issue,” he says. Banks have a dedicated toll-free customer care number, which you can use to lodge your grievance and get a complaint ID. “You can also register a complaint on the bank’s website,” he adds. 

    KS Harikumar, head, operations, Federal Bank, explains that e-mails can also be sent to the service quality department in public-sector banks. “This is an exclusive unit dealing with customer grievances and headed by an executive of the rank of general manager. The complaints posted directly on the bank’s website are also resolved by this department,” he says. Harikumar adds that some banks have begun or are in the process of starting a realtime monitoring system for the complaints received centrally through the customer relationship management (CRM), which is set up in all branches. Once the complaint is lodged, the customer needs to wait for 30 days for the bank to offer a solution or give a suitable reply.  

Step 2
Approach the banking ombudsman If your bank does not address your complaint within a month, you can approach the banking ombudsman. This is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in banking services, as per its scheme introduced in 1995. All scheduled commercial banks, regional rural banks and scheduled primary cooperative banks are covered under the scheme. So far, there are 15 ombudsmen, whose offices are located mostly in state capitals. Their addresses and contact details are available on the RBI website. The ombudsman tries to effect a legally binding settlement between both the parties within a month. However, if a settlement is not possible, it will pass an award after allowing both the parties to present their cases to him. 

 
    Types of grievances When the scheme was introduced, it addressed complaints such as non-payment or delayed payment of cheques and drafts, and services such as remittances. However, in the ensuing years, the scope has widened to include grievances related to plastic money, unfair banking practices, levying of service charges without prior intimation, transactions on the Internet banking platform, and the like. Deficiency in service with respect to loans and advances, say, delays in sanctioning/disbursing loans and non-acceptance of loan applications without a valid explanation, are also valid grounds for complaint. For a complete list of the types of complaints you can take up under this scheme, visit www.rbi.org.in/scripts/FAQView.aspx?Id=24. 

Lodging a complaint 

You have to file the complaint at the office of the ombudsman under whose jurisdiction your bank branch is located. The grievances relating to credit cards and other types of services with centralised operations are to be filed with the ombudsman in whose territorial jurisdiction the billing address of the customer is located. 

    You can put it down on a plain paper, send an e-mail, or fill the complaint form on the RBI website. There are no charges for filing a complaint. 

Grounds for rejection The ombudsman can reject a customer’s complaint if he has not approached his bank for grievance redressal first, or if the subject is pending for disposal, or has already been dealt with at any other forum, such as a court of law or consumer court. Also, the complaint will not be considered if more than one year has passed since the customer has heard from the bank, or 13 months since the date of representation to the bank. 

Compensation limit The scheme caps the amount of compensation that can be doled out to 10 lakh or actual loss suffered, whichever is lower. The ombudsman may choose to award the compensation, not exceeding 1 lakh, to the complainant for mental agony and harassment. However, so far, this has been limited to complaints regarding credit card operations.

 Step 3
Legal route If you are not happy with the settlement offered by the ombudsman, you can file an appeal before the appellate authority within 30 days. The appellate authority in this case is the deputy governor of the RBI. Alternatively, you can approach consumer redressal forums, which take up bank-related complaints, or even the courts.

 

Source : ET Wealth - 21-Jan-2013

A CASE FOR FIXED INCOME FUNDS

Dear All,

Here is an appeal to Indian investors to look at fixed income funds! Hope it helps.

Even today a conservative Indian investor continues to confuse mutual funds with equity. It is precisely because of this lack of understanding that they miss on the superior risk adjusted returns, easy liquidity and tax benefits that fixed income funds have to offer. Today 72% of the aggregate AUM of the mutual fund industry in India is invested in debt funds, thus marking the prominent position that fixed income funds hold in the asset management space.

While most retail investors do have a fair idea of the conventional financial instruments such as Bank FD’s, G-Sec, company NCD’s, they seem to be unaware of the fact that fixed income funds in India in fact invest in various combinations of these instruments only. The portfolio exposure(as of Nov’12) at the industry level shows that of the entire fixed income AUM ~10% is invested in G-sec, 53% is exposed to corporate securities and ~36% is invested in Bank FD’s. It is thus, important to understand that fixed income funds are nothing but a conduit to invest in such securities, only in a more efficient manner. Not only that, the investor through these funds gets the opportunity to choose from various schemes depending on his risk appetite and the desired tenor. He can custom make for himself a healthy salad by choosing from liquid fund, liquid plus funds, Short term income funds, GILT funds, income funds etc.

But is variety a good enough reason to shed the conventional thrift habits and shift to savvy fixed income funds? Certainly not, but who says that’s all. Fixed income funds have much more to their merit. Sound investment philosophy germinates from prudent portfolio diversification, and that is exactly what debt funds do. The idea is to invest in the right securities at the right time and in the right proportion to garner the highest return every time. Such a task requires expertise and skill which a retail investor may not possess due to his distance from the intricacies of the market.

While a typical Indian retail investor is always more keen to invest in bank FD’s, what usually skips his mind is the threat posed by volatility in the inflation trajectory, which is inevitable in a developing economy. So when you lock in your money for a fixed tenure at a certain rate with a set anticipated trajectory of inflation that allows you to earn positive real return on an FD, the math completely falls apart if inflation starts to misbehave and eats into your returns. It is here that the flexibility and agility of the fixed income funds play a pivotal role in securing better real returns through prompt portfolio allocation.

Very often investors start comparing pre-tax current return on FD’s with the past performance of various debt schemes and jump to the conclusion that FD’s are better. But that’s incorrect. What they should technically compare is the post tax return on FD in the same time span for which they are looking at the return on debt schemes. And once they do start comparing apples with apples, they’ll see how tax adjusted returns from debt funds are superior to those offered by bank FD’s.

Apart from these, the ease of liquidity that fixed income funds offer vis-à-vis bank FD’s and the like cannot be over looked. If you withdraw your money before maturity from an FD, you are liable to a monetary penalty, but, if you have invested with a debt fund you can redeem your units anytime you like without losing the gain accrued to you till that date! The same applies in case of pumping in small savings. Imagine opening an FD for Rs 2000-3000 every month!!

It is then difficult to justify as to why the retail investor participation in fixed income funds in India so low, even when the institutional investors are in fact making good returns from the same. The usual answer is the fee that they are charged. But is that a reasonable justification? You are ready to pay a doctor his fee for your diagnosis, even when you have the option if using the tried and tested nani maa ke nuskhe, then why this discrimination in case of financial services? The most nominal fee that the fund houses charge is for the expert guidance that they provide as the care taker of your money while bearing the huge onus of delivering superior returns time and again.

I think it’s time the retail investors, for their very own benefit ,move on to fixed income funds and take advantage of professional fund management expertise at low costs, which is already benefitting their institutional counterparts.

Regards

Sunil Chachlani

HOW TO HANDLE FINANCES FOR AND AFTER A WEDDING

Before they marry, couples need to discuss how they will share their joint wealth, says Uma Shashikant.

    It is the season of weddings, and as I attended my share of the events, several questions crossed my mind. It is tough for families to view everything from a monetary angle. There are social and peer pressures, emotional gratification and many other aspects to a wedding, besides the ones associated with living together. I risk being told off that there are things that money cannot buy. However, all of us know the power of money and how poor financial decisions can hurt us. Money matters can easily stress families, especially young ones who have high expectations. The emotional, social, psychological, even karmic angles, make these decisions complicated. Perhaps, it would simplify things and help us deal with these questions if we have a money framework that we can follow. 

    First, I am amazed at the amount of money that is spent on weddings even by the simplest of families. Perhaps the flourishing parallel economy has deeply influenced our social events. The grandest weddings are still conducted by those who seek a good excuse to spend the black money they have hoarded and earn some social brownie points. The new standard these extravagances have set for the simpler folk is disturbing. The money spent on weddings is easily a multiple of the savings of the family. 

    A goal or an expense that cannot be met comfortably by the current regular salary needs a well-thought out saving and investment plan. However, several families scoff at including weddings in their financial plans. The confidence about future incomes makes youngsters big spenders. However, middle-aged parents, who are spending a large sum, may be compromising another goal—retirement or the education of another child. This is why the funding of a wedding needs to be a project that a family should plan seriously well in advance. 

    Second, several newly-weds end up being a part of the extended families. It is not uncommon for children to stay with parents after marriage along with their spouses. I see doting parents living with their children and raising their grandchildren, thus enabling the younger generation to pursue paying careers. But what about the finances? Who manages the household expenses? Who bears the EMIs and loans? Is there a common spending pool? Is there a fair contribution to it? 

    A household with multiple incomes and common expenses needs a working plan to run smoothly. A plan to take care of the macro items without getting into the nitty-gritty. For example, if there are advantages of living with parents, do the younger members invest the savings in rent, housekeeping and childcare for the future benefit of the parents? I find that most 

households begin with trust, goodness, generosity and kindness, but the lack of a sensible spending and sharing plan results in acrimony, leading to a deterioration of relationships. 

    Third, weddings are expensive, from the functions and trousseau to the honeymoon. Later, to please a new spouse, there may be more expenses on travel, gifts, eating out, and the like. Reduced saving ratios, higher credit card expenses, and occasional hand loans from friends are all par for the course. However, without pre-planned savings, or a plan for repayment, unbridled enjoyment can result in financial stress and a high-cost debt. Many people are unwilling to discuss finances or the affordability of an expense with the new spouse. Most are likely to spend with a sense of joy and entitlement. It is important to make a mental map of where this will go in the long run. Cash-flow maps for spending and repayment need to be maintained, budgets 

should be made even if these are not
disclosed, and care should be taken to ensure that all fun is not about spending money. Including lowcost fun activities and setting the tone for affordability, sooner than later, is important. Debt traps are not good to deal with in the early days of marriage. 

 
    Fourth, young couples tend to set benchmarks for their standard of living based on their peer group. To have their own car, home and a lavish lifestyle is too enticing to be ignored. There is a need to prioritise and sequence the goals to avoid stress. Buying a car and home, and bringing in a huge EMI because of an employed new spouse, can turn into a risky proposition, especially if the spouse would like a career break to raise children or if one of the spouse’s job faces a risk. Having too many loans and EMIs, and clubbing multiple financial goals can stress finances seriously. It may be a good idea to see what portion of the joint income can be devoted to these possessions and how it would be funded and managed. 

    Fifth, young couples find it tough to discuss ‘your money’ and ‘my money’. Many are still not comfortable with pre-nuptial agreements. Money is personal to each person who earns it, and attitudes to money can be very different. I know of a household, where the husband saved his income, while the wife used hers to run the household. The couple sadly broke up, and the wife was left with no assets. Each spouse needs his or her corpus to fall back on. How, how much, when and where are the decisions that need to be taken. 

    Sixth, everyone needs a finance buddy. Many of us are unwilling to discuss money issues with parents, spouses or siblings. We don’t want them to know we have enough, or that we are running short. We all need a friend who knows what our money attitudes are, and helps steer us when we are in trouble. Someone with whom we can discuss alternatives without worrying about being judged. It can be an outsider, adviser, tax consultant or an uncle. Many of us clam up when faced with a crisis and having a friend helps in resolving money issues. 

    There is a lot that changes in our money lives when we decide to get married. It may be worthwhile spending time to think about our money attitudes, capabilities, wealth and willingness to spend before we end up quarrelling about it.

Source : ET Wealth - 21-Jan-2013

WHY WOMAN DON’T ASK FOR THEIR SHARE IN INHERITED PREOPERTY AND WEALTH?

Let’s talk about Women and Inheritance today. Our Indian culture, has for thousands of years treated men as someone who lead families and be the heads of next generation and women as someone who will go to some other family after marriage and start a new life. This has been deeply rooted in all our minds for years and years. This is one big reason why women in India are not aware about inheritance laws and their rights in property.

Some families, where there are sons and daughters both, do not even raise the point of dividing the property equally among all of them equally. Daughters who are married are not even in picture at the times, the wealth is divided and it’s considered  natural and something that makes sense. Women on the other hand also do not take any lead or don’t bother asking for their fair share in the family wealth.

Brothers do not share wealth with Sisters

You must have seen cases like these and might be experiencing them in your family as well.

Case 1 : I know a family which had 1 brother and 3 sisters and who had a huge property in Mumbai at a central location, lots of shares, mutual funds and bank accounts, When the father died, people cried and after a month every body was back at home, all 3 daughters who are married didn’t even think for a second that they have a huge 25% share in the wealth, which is a decent amount by today’s standards. All 3 daughters are not so well off  and struggling day in and day out, but they are just not considering the option to ask for their share. Legally if they want, it would be just a matter of a  few months or years and some bitter experiences, but they might reach their financial freedom if they go to court. But they are too emotional to take that step and worry about relationships and the problems which arise out of it.

Case 2 : In another case, there are 2 brothers and 2 sisters (all married), and after the father’s death, the brothers are fighting with each other for property “Father spend so much on your education, my career was affected because of that, So I should logically get more now.” Fair point logically, but from legal point of view, it does not matter much how father treated whom . The sad part of this story is that brothers are fighting for their share and also sharing their plight with their sisters, but not for a second do they think that even sisters are legal heirs and should also get their share. (Incase you didnt knew – Hindu Succession Law is applied when a WILL is not written)

It’s not Fair!

Just because now they are part of another family, they are not seen as valid heirs. I am raising this point today because this is wrong practice. Women now have to raise their voices and ask for their share from their parents and brothers. If required, ask for it legally. Just because father has spend lot of money on wedding of sister and given her gold does not mean she can be cut off from the family wealth sharing.

If father writes a WILL saying that he wants to give his wealth in some specific proportion, then it’s fine, it’s your father wish. But if a WILL is not present, then you are a valid legal heir, you should ask for your share and you will get it.

Look at it as part of your Financial Plan

If you are a man, your wife might be entitled for her share of wealth from her parents’. In today’s world where money has become so important, see if you can convince her to ask for her share. It might get her valid share of money and can help you in leading a better financial life. I am not saying this because you should be money minded, but because its a fair thing to ask for.

Source : Manish Chauhan - www.jagoinvestor.com

Women and Money- Lets JOIN HANDS to empower and encourage women investors

  Do you know that only 1% of world wealth is owned by women , while women constitute 40% of the global workforce ? – World Bank . This is a little disturbing fact, and question now is, when women are working so much, giving a lot, have equal capability, then why they have so much less owned on their name ? When it comes to the area of money, Men are so much involved in personal finance, but women are not and that creates a big imbalance. Here is a small example to show how women suffers in her financial life because of this imbalance in understanding and knowledge of money

We at jagoinvestor want to start our 2013 with a vision of increasing financial literacy among women in India and we are looking at how we can reach 1 million women and teach them importance of financial literacy in their life. Now how is this related to you ? When we say “women” here, it also includes your wife, sister, mother, daughters and if you want to increase your financial life quality, you need to make sure that they learn about money. 2 years back, when I wrote about women and their personal finance knowledge, it was shocking to learn that 84% of educated, urban women dont have any knowledge or very minimal understanding of personal finance concepts.

Lets see why Women are not interested in personal finance matters

• From decades and generations, it has been dominated by men and only men, women are not even consulted or informed ever
• Women feel that their income is secondary to men, hence whats the use of managing it
• Women are so involved with children, cooking and other household work , that they don’t get time
• Women feel personal finance is complex and do not like numbers

But what happens when Men is not around ?

The best way to make you imagine what happens to women life if she does not have any idea about managing money is to ask you to imagine about your own case, Just imagine in your absence  what is going to be the scene ? You have never encouraged women at your home to learn about money , neither they took any interest, but someday they might have to take charge and that day it will be very frustrating experience for them. We are trying to do some work in the area of financial literacy for Women and once we create something useful for women investors, we would like to share it with you all, so that women at your home can use it and take the first step towards financial literacy, but we need some help from you on this.

We have created a small survey which needs inputs by women, we want to know what they feel about this subject, how much ready are they and what is stopping them to learn about money. If you are a women reader of this blog, please fill up the survey. However if you are a male reader, we need your support, please ask your wife, mother, sister and daughter to take up the survey and spend 5 min on this, tell them they have to do it for you and their future. Just carry your laptop to them and insist them to spend 5 minutes and complete the survey. And if they complete take them out for dinner on our behalf (Bill paid by you of course) … Following is the survey questions

Source : Manish Chauhan - www.jagoinvestor.com

Women and Money- Lets JOIN HANDS to empower and encourage women investors

  Do you know that only 1% of world wealth is owned by women , while women constitute 40% of the global workforce ? – World Bank . This is a little disturbing fact, and question now is, when women are working so much, giving a lot, have equal capability, then why they have so much less owned on their name ? When it comes to the area of money, Men are so much involved in personal finance, but women are not and that creates a big imbalance. Here is a small example to show how women suffers in her financial life because of this imbalance in understanding and knowledge of money

We at jagoinvestor want to start our 2013 with a vision of increasing financial literacy among women in India and we are looking at how we can reach 1 million women and teach them importance of financial literacy in their life. Now how is this related to you ? When we say “women” here, it also includes your wife, sister, mother, daughters and if you want to increase your financial life quality, you need to make sure that they learn about money. 2 years back, when I wrote about women and their personal finance knowledge, it was shocking to learn that 84% of educated, urban women dont have any knowledge or very minimal understanding of personal finance concepts.

Lets see why Women are not interested in personal finance matters

• From decades and generations, it has been dominated by men and only men, women are not even consulted or informed ever
• Women feel that their income is secondary to men, hence whats the use of managing it
• Women are so involved with children, cooking and other household work , that they don’t get time
• Women feel personal finance is complex and do not like numbers

But what happens when Men is not around ?

The best way to make you imagine what happens to women life if she does not have any idea about managing money is to ask you to imagine about your own case, Just imagine in your absence  what is going to be the scene ? You have never encouraged women at your home to learn about money , neither they took any interest, but someday they might have to take charge and that day it will be very frustrating experience for them. We are trying to do some work in the area of financial literacy for Women and once we create something useful for women investors, we would like to share it with you all, so that women at your home can use it and take the first step towards financial literacy, but we need some help from you on this.

We have created a small survey which needs inputs by women, we want to know what they feel about this subject, how much ready are they and what is stopping them to learn about money. If you are a women reader of this blog, please fill up the survey. However if you are a male reader, we need your support, please ask your wife, mother, sister and daughter to take up the survey and spend 5 min on this, tell them they have to do it for you and their future. Just carry your laptop to them and insist them to spend 5 minutes and complete the survey. And if they complete take them out for dinner on our behalf (Bill paid by you of course) … Following is the survey questions

Source : Manish Chauhan - www.jagoinvestor.com