BANGALORE: Women have been known to move mountains when need be, but strangely enough, when it comes to finance, a lot of them still tend to shy away, leaving the male members of their families to take care of the moolah. But things have changed and a lot of women are now opting for jobs in the financial domain while home-makers also discuss investment options as easily as they discuss children, soap, and maid problems with their peers.

A woman can do many wonderful things if she wishes to and one of them is to grow her money. But there are certain scenarios where women might need to be ready to face:

1. Building Emergency Funds

For most people, it's a good idea to start saving a small amount even before they've finished paying off their debt. Some of this depends on the interest rate of your loans, but having a small savings account will help keep you from slipping back to your credit cards when unexpected expenses arise.

A savings account balance of three to six months living expenses is routinely recommended by financial planners. That may seem like a lot, but you'll have plenty of use for it if buying a house or having children are on the horizon.