WOMEN’S PARTICIPATION IN FAMILY FINANCE MANAGEMENT

Today the contribution of women in family, business, and society is getting recognized. Women have started playing an essential role in family decision making with the changing demographics as more and more women have started getting involved in everyday financial and other related decisions of the family. The contribution of women in increasing family decisions with the change in their education, employment, and social awareness. The participation of women is a process that enables women to make decisions in family related to finance, family, and society. The process involves buying and selling things and having access to control over household resources and means. Activities are related to financial management of the household and decisions related to it like paying bills, tracking expenses, purchasing items for family, handling expenses of children, investment associated decisions of saved money, arranging funds for unexpected expenses, minimization of risk of invested money, retirement planning, buying policies for themselves and family members, etc. (Murari, 2019).