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What's your biggest money..........Poll for 28th Jan 2007 to 3rd Feb 2007

Discussion in 'Weekly Quick Polls' started by Laxmi, Jan 28, 2007.

What's your biggest money fear?

  1. I don't have enough saved for emergencies

    9 vote(s)
    40.9%
  2. I am not saving enough for retirement

    2 vote(s)
    9.1%
  3. I am not saving enough for my child's college

    1 vote(s)
    4.5%
  4. I don't have any money fears

    10 vote(s)
    45.5%
  1. Laxmi

    Laxmi Administrator Staff Member Platinum IL'ite

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    Investing the hard earned money involves lot of smartness. One need to have the invested money work as hard as oneself. There is always thoughts running in one's mind about the money matters.

    Am I earning sufficient? Am I saving sufficient? Will I be in a sound financial position for my rainy days?

    Are these questions running in your mind? Well ladies take up this week's poll question about money matters.
    Cast your votes and post your feedbacks.
     
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  2. Varloo

    Varloo Gold IL'ite

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    hello,
    I hope nobody would laugh at me when I say that I do not have money fears because I do not have any money of my own. I do not earn anything now and when I was working I used to give it to my hubby.
    And the investment part is also taken care of by him. He plans everything and I just keep myself informed on what he does. He has planned well for everything.
    But it he kicks me out of the house, I will be literally in the streets, with no financial back up. Is anybody here to keep me company on this matter?
     
  3. safa

    safa Bronze IL'ite

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    Varloo, I liked your reply. Am sure you will get some company. Since this is usual in most of the houses, as you said. Keep an eye on husband's pocket..:-D
     
  4. chatkara_tasty

    chatkara_tasty Bronze IL'ite

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    hi varloo,
    safa is right . i am with u in money matters . i am not interested in money matters that how we hv to invest our money . which schems is better or not all my hubby's lookout . even sometime he presures me to take interest in this but i start feeling drizzy as soon as he starts.
     
  5. Varloo

    Varloo Gold IL'ite

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    hai Shahana and Heena,
    it seems that I have good company. We Indian ladies always leave much of the serious things like money to husband, believing in them completely. I feel that is the very special quality of the Indian woman.
     
  6. Preethi

    Preethi Gold IL'ite

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    I don't have any money fears !

    Hi,

    My answer straight to this week's Poll is "I don't have any money fears". Money and its related concerns had never been an issue for me from the time immemorial. Before marriage, My finance minister at home was my mom, who efficiently handled money and under her surveillances, I knew all whatever I earned has been invested at right place and with the safest hands. Never once I ve bothered to check with her about what she does for investment and for rainy days as she was very much meticulous in maintaining all that accounts...Well, after marriage, the role played by my mother was taken up by my husband with the same level of care and responsibility. So, I had one worry off my shoulders...I don't even know the balance in my account till date, even if hubby checks and tells, I happily forget. When he gives advices about being more conscious and to be aware of these things, I simply lend a deaf ear and stop the topic saying, as long as he is there to shield me, I am least concerned about these matters. I evade saying Finance is his department and not mine.

    But having no money fear alone is not enough. As the Ladies of the house, we have the equal responsibility to know the financial dealings and investments of our money and that of our family. Our knowledge in these areas and our ideas and suggestions for better investment would help our husbands to save wisely for the future/rainy needs. By shrugging off that responsibility, we are not only being ignorant, we are somewhere failing in our fundamental duties too. Cooking and taking care of kids alone is not a women's duty at home. For an able administration of the house, the Women should both be a good , powerful and wise home and finance minister.

    I keep having this guilty conscious that I am not of much help to my husband in financial matters. My laziness and ignorance on this matter, is something I want to change in the future. Hope god shows me the way and will to do this. Just shared my personal views on the above subject. So this is no offense meant to any of the ladies reply on the poll.

    Love,
    Preethi
     
  7. BhargaviChakravarthy

    BhargaviChakravarthy Bronze IL'ite

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    Hi,
    Actually I am unmarried and am not even working.But still I keep track of all accounts and also handle various expenses and plans for spending money in my family . I will also think before spending the money and then decide on it.Though i am not earning i know the value of my family members' money.I will always discuss and consult about the various plans for investing the money and decide whether it is really profitable.Sometimes i also have a doubt on whether the money is earned by me or others. I take care on hard earned money.So voting for the option "i don't have any fears" doesn't mean that"i don't have any fears because the money is not earned by me" but I am confident that i handle the money with care.

    Bye:wave
     
  8. Varloo

    Varloo Gold IL'ite

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    Hai Preeti,
    you have given us a point to ponder and make necessary changes to our lifestyles.
    But most of the husbands (that is, who are in the middle ages) does not feel that their spouses are smart and listen to them in money matters. There is still a wrong notion that women are spendthrift.
    I have now been married for 20 years and I worked for around 4 years after marriage. My father in law took care of the money matters then. He was very frugal and would not let anybody spend money even for necessary things. That way, we repayed the loan taken for the house in very short time. I did not even have a good wardrobe, fil was for the minimum no. of dresses.
    Once he went away, hubby was worst. He would forget about the expenses and get angry when I asked fr more money. He would not give me money. Then, we found out that he is missing money very often, notes may fall off from his purse when he opens it and he had mistaken Rs.500 for 100 and had not taken the balance many times.
    Then I started to handle and it is okay now. He does all the investments and future planning but askes my opinion also. He has to plan to avoid tax to an extent. So now I too take some interest and keep myself informed about what he is doing.
     
  9. kanaka Raghavan

    kanaka Raghavan IL Hall of Fame

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    dear friends Like u people i never thought of money as a big thing which needed lot of managing.But when my husband left for Abudhabi I started to learn many many financial aspects.I t really helped. I so used to feel ashamed in banks when I never knew how the forms where filled and where to be invested. But i managed to help.Whenever my husband comes he used to talk numbers which I was never interested.My husband always used to tell me that all these things are to be known.But i understood it only when I went thru the crisis 20 days back that to in new country.now i know where is what. it always helps.I feel everyone of us should make an attempt to understand the financial aspect of life.It really helps.
     

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