We often hear that women are not competent in matters related to finance; some women complain that finance is dreadful, challenging, and lots of stuff. But, from where has this fear stemmed in? And how to deal with this situation. Firstly, the reason for women refraining from finance-related matters is that they feel incompetent and incapacitate. It is just like the fear of math that some children have. They fear it, and so they don’t understand it which leads to weak base, unclear concepts, lack of practice and self-analysis, etc. When the foundation is weak, how we shall automatically fear and hate starts to despise what we don’t understand.
Thankfully, all this is changing now; women who are becoming independent now want to take their own finance-related decisions. Numerous women who afraid of dealing with money matters have conquered their fear, and they are currently enjoying true financial freedom. But then why is it that some women can handle money matters do proficiently while others shy away? Well, the answer is a lack of support and less dedication. If there was any other reason, then every woman must be struggling, but that is not the case. So, today, we shall talk about the basis of fear with tips and advice to overcome it.
Weak Foundation:
In many households, when finance related matters are discussed, women are shooed away. Even if a woman wants to give in advice, she is laughed upon or asked to stay away. In many households, girls are taught from the very beginning that their only duty is to look beautiful and to ensure the smooth functioning of the house. Even women who work are often forced to give their entire salary to their husbands. Women are seldom asked what they want and how would they like to spend their women. Their wages are taken for granted, and they are invested or wasted according to whims and fantasies of their husbands. To solve this problem, fathers and elder brothers should teach their children the concept of money and ways to save it. Husbands, too, ask the opinion of their wives about how to spend money. Women should be educated about finance-related matters so that they can make wise decisions when they are looking to investment avenues.
Also read: Investing for beginners
Few opportunities:
The very first reason that women are afraid of dealing with financial matters is because of their soft base. Many women are not allowed to participate in the issues related to money, and due to this resistance, fear emerges. Women who face this fear have come out of their nostalgia for incompetence; they need to develop confidence and must start focusing on dealing and saving the money that they earn, and very soon, they will see that they can handle their money well.
No Support:
Every person needs crucial support so that his life can function well. In life, the critical point is to be surrounded by understanding people who offer support. As money related matters are crucial for any family, one cannot move to start investing on their own without help and advice from their loved one. Numerous women don’t have proper concepts and understanding, which cost them their confidence. Women who are new to investing must not get confused; if they don’t understand, they must ask till they comprehend it; otherwise, they will never be able to overcome their fear.
Lack of understanding and practice:
We often heard that “Practice makes a man perfect” we listen to it but never apply it. In finance, one of the reasons for being afraid is a lack of practice. Yes, women, we all need to practice, try investing a small portion of money first. You might make wrong decisions, but it is all a apart of learning. We all fall before we rise. Thus, the solution to this problem is the practice itself. The more you practice, the more you learn, and the more you develop.
Also Read: How can you make money sitting at home?
Low Confidence
Many times it happens with us that we are trying to do something, but we fail. At that point, if we give up, we stem fear in our minds. Instead of getting low on confidence, women must keep faith in themselves; otherwise, they will be stuck with that fear forever. Going to the bank for the first time, making an online monetary transaction for the first time, or doing online shopping, etc. all this requires some confidence.
So women, buckle up, the time to sit back has long gone. Brush yourself and enjoy true financial freedom by tackling money related issues yourself.
Did you too face resistance while gaining true financial freedom, do share your trials with us and also let us know how you overcame it?