Mothers Day: 8 tips for new moms to manage financial stability
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over 1 year ago
New mothers should start saving a portion of their salary, ideally around 25%, to assure a secure financial future for themselves and their children. They can channel this saving into ULIPs, mutual funds, and the New Pension Scheme to enjoy their spending and build a nest egg. Additionally, they can reduce debt, get insurance, invest in sovereign gold bonds, diversify their investments, and invest in retirement to ensure financial stability in the long term. Teaching children the value of money, keeping hobbies, and investing in SIPs can also be helpful.
Economic Times