5 Ways To Celebrate International Women’s Day In 2021
“International Women’s Day” is not celebrated as widely in Malaysia. For those who do not know, this day is celebrated internationally on March 8 of each year.
All over the world, marches and parades have been held in the past to highlight women’s issues and their progress in society. For most Malaysians, it might not be a celebrated event, but it’s never too late to show the women in your life how awesome they are.
iMoney has put together five ways to show your appreciation to the important women in your life in all of their different times in life. The best part is that these financial movements will have a positive long term effect for years to come!
1. Get an additional card for your wife / mother
Nothing equals confidence more than an extra card for your wife or girlfriend. A simple plastic card means so many things: trust, generosity and love.
Besides making your other half happy, you can also collect reward points from their spending. Heard the saying, two is better than one? In this context, two people spend much better than one and you will get more points accumulated in no time!
However, before you do that, do some research on how having an extra card will affect both of you. Some additional cards charge an annual fee and most of them are based on a shared credit limit. Therefore, your credit limit will be lowered by an amount allocated for the additional card.
2. Renew your mother’s auto insurance
A famous quote from Ralph Waldo Emerson says, “Men are what their mothers made them.” If Emerson were alive to celebrate International Women’s Day, he probably would have something thoughtful for his mother.
If you are wondering what to get your mom, we suggest you renew her auto insurance for her this year. It’s a thoughtful gift that gives you the peace of mind knowing your mom is covered by insurance.
To make it even better, you can now get it without leaving your seat. Simply compare all of the auto insurance policies available here and ask for the one that will meet your mom’s needs.
3. Creation of a trust fund for your daughter
A girl is a gift of love. Daddy’s girl. All of these old sayings are just a testament to the beautiful relationship between a father and a daughter.
It goes without saying that this empowerment day should be celebrated with your daughter (s). Children are a constant concern of parents, regardless of their age. One way to alleviate this worry is to secure your child’s future by providing financial security.
Investing in a unit trust fund is a good place to start because it is relatively affordable, low risk and is a long term investment.
4. Buy a house to share with your wife
Having a roof over your head has often been equated with safety. For most, giving this security to loved ones is the best gift they can give.
As International Women’s Day is a way to show our appreciation for the fairer sex, providing a home for your loved one is the best way to express it. With sayings like “home is where the heart is” and “home, home” it is obvious that home evokes feelings of love and security for most families.
However, buying a home that you cannot afford and that can lead to financial problems has the exact opposite effect. Therefore, it is imperative for you and your partner to research, discuss and make a joint decision. Here is a good place to start.
5. Prepare you and your wife financially for retirement
Most people rank retirement planning as their lowest priority, simply because most people live paycheck to paycheck and don’t really have a top-up to put in a retirement fund.
Additionally, with the increase in the minimum retirement age to 60, most Malaysians can expect to live for around 20 years with minimal or no income after employment. And what about inflation? When you retire, a plate of chicken rice can even cost up to RM8, if not more.
It is indeed a frightening thought. Making sure you are financially secure and sharing that financial security with your wife is the greatest gift. When it comes to retirement planning, the earlier you start, the better off you are.
Learn more about retirement planning here.
There are a number of ways you can make the women in your life feel appreciated and loved. And who says it can only be done on International Women’s Day. Make your mom, wife and daughter feel empowered and valued every day.
Start planning for the greatest gift of their life – financial security – now. Happy International Women’s Day!
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