Here's Why Women Need To Be In Charge Of Their Finances

Cosmo spoke to five female entrepreneurs and leaders on how they manage and grow their money, and why financial literacy is the need of the hour.

- Humra Afroz Khan

“All around the world, there is an age-old myth that women can’t be trusted with money. That we are frivolous over-spenders, incapable of managing the family budgets. It’s a centuries-old stereotype, with its roots in the patriarchal division of labour: men are breadwinners, while women belong at home, with a child on each hip. We are excluded from money matters far too often— dependent on men, and financially illiterate.

Personally, good spending habits were inculcated in me from a young age...even if it was just with my pocket money. My parents instilled in me the habit of prioritising and saving, and the importance of financial education. I remember my first ever earning was prize money in a chess tournament.

ANANYA BIRLA

Musician, Entrepreneur, and Founder, Ikai Asai