1. Personal Finance Awareness Workshop
‘Women and Money’
-Shilpi Johri, CFP, MBA
Head & Financial Planner, ArthaShastra Consulting
2. • Our life as a ‘woman’
• Why should we understand personal finance
• Aspects of Personal Finance
•Comprehensive Financial Planning approach to
personal finance
•How can you get more engaged in family finance
•Service offerings of ArthaShastra Consulting
Content
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3. Our Life as a ‘Woman’
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5. What is the reality!
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6. Why should we understand personal
finance?
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7. Why should we understand personal finance?
women have
unique
financial
needs!
We live longer
Nuclear
families
Events like
Death of spouse
or separation
Many of us
lack
financial
experience
We need to be
more
independent
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We earn less
10. Do you track your monthly expenses?
•Define your goals with date and amount
•Measure your expenditure: prepare a Budget!
•Contingency Fund
Expenditure
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11. Are you saving enough?
•Savings Income– Expenditure
•Expenditure = Income – Savings
Savings
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12. How much insurance do you need?
•Cover your risk: inquire for sum insured
•Avoid unnecessary insurance
•Health insurance: waiting period,
pre-existing diseases, exclusions
•Car insurance: deductibles
Insurance
12Presentation by ArthaShastra Consulting
14. How to deal with Credit cards?
•Don’t apply for credit cards without reading the terms
•Don’t make everyday purchases with credit card
•Know your card limit
•Do not roll over your credit card debt
•CIBIL: Know your credit score
Debt
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15. How to deal with Home Loan?
•Are you a co-loanee?
•Never exhaust your borrowing limit
•Prepayments
•Increase your EMI
•Reduce the tenure
•Consider refinancing
Debt
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16. How to file Tax Return?
•Rebates: No tax up to Rs. 2,00,000
•Tax deductions: 80C and 80D, 24D
•Tax deferred savings plans: ELSS,
PF, PPF, ULIP, 5 years FD
Taxation
16Presentation by ArthaShastra Consulting
17. How does Government ensure your rights
•Equal right in the assets and properties of father
•Husband’s assets to be shared equally with children and his
mother
•Share in all immovable assets of the husband
along with the maintenance on separation
•Joint ownership
Estate planning
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18. Retirement is doing nothing without worrying about getting
caught at it!
Women never retire!
Know your Net Worth each year.
Retirement
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19. Pay yourself first!
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Invest in
yourself!
Take care of
your health
Learn new
skills and
information
Make Online
presence
Pursue your
hobbies
22. Why people are stressed about their finances?
•Procrastination
•Ignoring the big picture
•Ad-hoc buying of financial products
•Failure to set their goals
•Inadequate risk management
Comprehensive Financial Planning
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23. What is Comprehensive Financial Planning?
Comprehensive Financial Planning
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Analyzing your
current situation
Qualifying and
quantifying your
goals
Scenario analysis
Action plan and
recommendation
Monitoring
24. How can you get more engaged in
family finance?
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25. Your involvement in family finance
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Educate
Yourself
Blogs and
Websites
Outlook
Money or ET
Wealth
Make
Personal
Finance Clubs
Handle your
bank
transactions
Fill the forms
yourself
Inquire about
rate of
returns
Do not let
your banker
take the
decision
Call family
finance
meeting
Ensure bills
are paid on
time
Monitor your
investments
Manage cash
flow
Interview
the
professional
help
Ask if he is
authorized to
help
Ensure he has
your interest
in heart
Understand
the nature of
Help
28. New Service Offering!
‘QAF’
Quick Assessment of Financial landscape
3 hours session (In Person/ Skype)
to assess, review and consult on key aspects of your personal finance
INR 2,999
PDF document containing Recommendations Summary
How long we meet
What you pay
What you get
• Goals Prioritization
• Investments Analysis
• Insurance Analysis
• Debt Analysis
• Retirement Outlook
• Real Estate Decisioning
29. Hourly Consultation
1 hour session (In Person/ Skype)
INR 1,500
Email containing Recommendations Summary
How long we meet
What you pay
What you get
• Consultation and counseling on your financial query
30. Annual Engagement
Comprehensive Financial
Planning
Yearly engagement (In Person/ Skype)
•Comprehensive Financial Plan, prepared & delivered usually in about
20-25 days
•Ongoing consulting support for the entire 12 months period
What do you get
INR 19,999
What you pay
31. • Analysis of your current situation
Personal, Professional, Financial and Health covering Financial aspects like Income,
Expenses, Assets, Liabilities, Investments, Insurance (life and non life), Cash Flows and
Tax liabilities
This will bring out interdependence of all the aspects.
•Qualifying and quantifying your goals and aspirations
List down and quantify goals and aspirations: Children education, Marriage
expenditure of your children, employment change, start up, retirement, charity,
transfer of wealth, other high value purchases, vacations and the like
This will help you identify the gaps in the present situation.
•Scenario Analysis
Analyze & forecast future scenarios, both favorable and unfavorable, expenses and
investments streams, potential risks, portfolio breakup
This will help you take a realistic look of finances both current and the future.
•Action Plan along with product recommendations
What is covered in the financial plan
