Why women operate savings account differently than men?

 Women are ‘intelligent’ beings when it comes to managing finances. In fact, they do most things differently and do better than men. They have been big-time money savers. In fact, for eons, Indian women have been saving little sums in sugar cans, books and here and there until the banking system came up with a women savings account. 

Soon women realised their financial rights and were not satisfied with just a saving account. They are natural money defenders and clinch it really hard. They are designed to have things –rather almost everything - in control and thus, invest your money smartly. Of course, do have their loose ends like ‘where to start from’, they do splendidly well with a little hand-holding and guidance.

Let us take a look at what makes our otherwise dainty women such strong money defenders.

Taking risk is not their cup of tea:

Unlike men, who are biologically designed to have better risk-taking abilities, women like to think in advance for any eventualities and be prepared for any situation. No wonder they are more calculative are perfect household managers and love perfection. It wouldn’t be wrong to say they are bad ‘shock absorbers’.

Stability is a habit:

Women link money with security and stability. They like to put everything in order and love it when things are in control. Hence, they plan their loan EMIs, instalments, children’s fees, or even buying cosmetics and balance their remaining expenditure even while saving for the rainy day well in advance. In other words, women tend to refrain from short-term savings unless they think there could be possibility of expenditure ahead.

Goal oriented savings have great rewards: Women prioritise their goal and save accordingly. They could save for a summer cruise next year or even to buy a car or to prepare for the arrival of a child. In fact, they love such savings for it could help them buy some gold as well with it.  It is true that goal-oriented savings accounts are stricter than the regular women savings account they may possess, but then they also reap richer rewards.

Patience is key to saving:

Time is money they say, but women- without any regrets and rightly so - take their time exploring options and eventualities before finally zeroing in on what they are exactly looking for. And why not? After all, opting for a saving scheme is like investing or blocking money and it must bring back the desired dividends. It definitely isn’t as easy as setting out to open a women savings account.   

More information can be availed by surfing https://savingaccount.in.