Tips for housewives: How to be financially savvy

Sanjay Matai

A typical housewife with no knowledge of money matters, Richa transformed herself into a financially smart lady - and in just six months. Till last year, she was a 35-year old happy-go-lucky wife of Raj, a senior sales manager in an MNC, and mother of two kids Mitesh and Ria. When they lost almost Rs.50,000 to a wrong investment, done at the recommendation of a relationship manager, Richa was jolted out of her complacency. She wondered whether understanding personal financial matters was really such a big deal. At school she could easily master trigonometry and calculus; chemical reactions, equations and formulas; Newton