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Strengths ideal for personal finance

Preetha Wali

Youth


- Ideal time to start saving and investing to benefit immensely from the
power of compounding, starting with very small amounts
- They can plan for their short and long term goals
- They can pay for their own education, marriage, home loan etc
- They pay less for insurance
- They can make savings a habit
- They can take more risks
- They have ample time to plan their retirement corpus with smaller amounts


Women


- They are not risk takers
- They think through from various angles before taking decisions
- They are known savers
- They take charge and thoughtfully manage their home budget and cash flow
- They are good at multi tasking