Financial Management Practices of Women: A Case Study of Shimla District

Anchal  Gupta; Vijay Kumar  Sharma

doi:10.69968/ijisem.2025v4i37-15

Authors

Anchal Gupta Research Scholar, Department of Commerce, Himachal Pradesh University.
Vijay Kumar Sharma Professor, Department of Commerce, Himachal Pradesh University.

DOI:

https://doi.org/10.69968/ijisem.2025v4i37-15

Keywords:

financial management, personal finance, investment options, women empowerment, financial inclusion, financial behaviour

Abstract

The significance of women’s financial management extends beyond their personal well-being, as it has profound effects on families, communities and economies as a whole. Good financial practices by women not only lead to their family’s well-being but also prepare them for live events and emergencies. This study investigates the financial management practices by women in Shimla district to determine their role in the management of their family income. The paper also focuses on key aspects of personal finance by women such as how they save, budget, invest and plan funds for their future needs. The study is based on primary data and data collected is analyzed using different tools and techniques. The study reveals that most of the women respondents participate in the investment decisions of their family income but their preferred investment options remain fixed deposits and savings account, being safety and stability of income the most important factors for investing.

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