On The Influence Of Financial Independence And Empowerment Of Women

We have seen women rise up as entrepreneurs, leaders and innovators and have seen their hard work start to pay off. It's been a pleasure to watch so many young women start new businesses, be on the table, get big raises and think big thoughts. The next decade will bring even more opportunity to grow as women continue to progress toward true economic and career empowerment.

With the rise of financial independence and empowerment, women have grown considerably in their demands for equality. They have risen above the need to be dependent on men and are becoming more financially independent. Their talents are no longer under-utilised, but they are celebrated and rewarded. With this growing status, women have the ability to make options with their earnings including investing in property.

Financial Independence And Empowerment

 Making money is the key to financial independence and empowerment, a power that men have enjoyed for centuries. However, when women are financially independent, they can make decisions that affect their lives without worrying about how they will be affected by the men in their lives. They can dictate marriage contracts, decide if and when to get pregnant, invest in a business or start a foundation.

Study after study has shown that a woman's financial independence improves the lives of her children and family, provides security for herself and her family, allows her to make choices about her life and when she wants to have a child. The time is now for legislators who care about the well-being of their constituents to support legislation that increases women's financial independence. 

Indian Women and Financial Independence

We have been raised to believe money matters are not for us. In India particularly every effort is made to value women against dowry, parents' dhan and then she is given away in marriage. We don't value to instill an upbringing where women are encouraged to be financially independent and have their own money. The result, women have to really go against the grain to earn their own.

Suggested Reading: Women Discuss The Importance Of Taking Charge & Chance With Money

Women work hard to reach the point where they can afford to be independent and make their own choices. They fight for this right, and with good reason. They are emotionally and psychologically ready to give up the old burden of having to depend on someone else’s money or goodwill. That kind of freedom means a lot, especially when you have struggled for it. There is no question that the phenomenal rise in women’s status and education has been one of the most important social changes over the past 50 years and has had a profound effect on society.

Financial independence ensures the overall development of any society

The combination of financial independence and empowerment of women is putting pressure on partners to share more household chores. But what sort of impact could this have on family dynamics?  In the past, women have been repressed, locked up and stripped of their dignity. But today all that is changing as women gain financial independence. This is driving change in society. This change will be positive for everyone. The financial empowerment of women is one of the most important aspects in modern times. It is defined as, “the degree to which women are able to make their own economic decisions and act on these decisions”. Financial independence is a major factor that ensures the overall development of any society. This is because it helps families, communities and nations to grow with economic sustainability and achieve prosperity without depending on foreign aid or loans from developed nations.

The financial independence for women will be possible only when women make money and earn their own living. In this regard, it's important for women to understand that how they spend their money, how they manage their finances is directly related to their future and well being. Women of today are no longer confined to the four walls of their homes. As such, they need to be skilled in handling finances and making financial decisions. Financial independence is one of the most important aspects of a woman’s life, especially when she wants to live on her own. As working women, we want to buy expensive branded clothes and shoes but sometimes money is not enough. At this juncture we can avail the services of Income Tax Refund Loan which gets us the desired amount in just few days.

Views expressed are the author's own.