An Essential Yet Overlooked Item: Financial Planning for Indian Mother

mnclfinancialservices

posted on 1 day ago — updated on 1 second ago

33
views

Add this to your checklist: A must-read guide on Women Financial Planning, tailored for Indian mothers to achieve financial security and long-term family stability.

You’ve likely checked off most items on your personal finance to-do list—investments that save tax, an emergency fund for unforeseen needs, and perhaps even a couple of Systematic Investment Plan (SIP) aimed at your retirement goals.

But there’s one essential plan that often slips through the cracks—your mother’s. Financial planning for mothers rarely features in our own financial strategies. While you were shaping your future, she was often the invisible pillar holding everything together—selling gold to fund your education, managing the household on a tight budget, and consistently putting your needs before hers. She may not have drawn a paycheck or consulted a financial advisor, but she’s been the de facto CFO of your home for years.

Now that you're in charge of your financial journey, it's worth asking: Does she have the same kind of security she once gave you?

Mothers: The Quiet Financial Strategists

In Indian homes, mothers—many of them homemakers—have played a pivotal role in securing their children's future with a blend of intuition and financial wisdom. Take a closer look:

The World Gold Council reports that Indian women own around 24,000 tonnes of gold—about 11% of the world’s total jewellery gold.
For generations, this gold hasn't merely been ornamental; it has served as a reserve fund, often liquidated to cover education costs, weddings, or family emergencies.
Research indicates that when women have control over assets like gold, it correlates with better family decision-making and improved outcomes for children.
In Tamil Nadu, 48.1% of women save specifically for their child’s education, and 24.5% for their marriage.
In West Bengal, those figures stand at 33.7% and 10.7%, respectively.

Behind every academic degree, every major achievement, and every fulfilled aspiration lies a mother’s careful foresight, her small yet meaningful savings, or her willingness to take out a loan against her jewellery. She might not label it financial planning—but that’s exactly what she’s been doing all along.