08 Apr '11, 9pm

Women need not be weak in financial wealth: The notion appears to hold true when it comes to growing their wealt...

Generally, women are believed to be more conservative than men in their approach to things. The notion appears to hold true when it comes to growing their wealth, as women are seen as being more risk averse, and therefore unwilling to risk their finances in the hope of higher returns. Perhaps these tips on effective money management may help women realize that they can be practical with their finances, and yet reap greater rewards. Crucial for women to manage their finances Studies have shown that in general, women tend to keep a relatively greater percentage of their funds in fixed deposit, when compared to men. Whilst this is a prudent habit, it hinders their ability to grow their funds over the years, which might prove detrimental to them in the long run. Despite a preference for conservative products like fixed deposits, women should not neglect financial investments a...

Full article: http://www.todayonline.com/Commentary/EDC110409-0000279/W...

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