Whether you're single or married or have a family, make sure you're aware of all decisions made regarding your finances. You should participate equally in planning and savings decisions. In the event of a divorce, women should seek advice on their future budget and insist their ex-spouse provide adequate long-term, disability and life insurance coverages to protect any alimony in the event of death or disability.

Plan for gaps
If you plan on leaving the workforce at any time, make it a priority to continue saving while not working. Talk to a professional adviser about the best options for you. Failing to save for retirement can close off lifestyle options and limit how you live during your golden years. Everything from health care and housing to travel depends on how much money you saved before you retire.

Women should be closely involved in their family's financial-planning process Listed below are things you must know about your money

• Make a list of assets that are in your name. If they are immovable assets then assess their market value.
• Make a list of the equity shares & mutual funds with their current value.
• Make a list of bonds, fixed deposits & other investments you have.
• Check your bank statement every month. You may find that there is a mistake or that something has gone wrong. For example, someone might find out your card number and use it to buy things online or by phone.
• Ascertain, how much you save after the monthly expenses?

In case of any eventuality and you find yourself all alone one day, then you must be in a position to handle your finances completely on your own. Example, what investments can be liquidated what cannot, in the event of your father or your husband's death what pension or money from other sources is due to you etc.

Financial planning is crucial to a secure future. Women today play a dynamic role in our society. There is a sea change in their attitudes towards life and their desires. They want to take charge of their life. They want to be responsible for the decisions they make be it emotionally, mentally, or financially.You are the one responsible for planning for your future and the more effort you put forth, the more benefits you will sreap