Women’s Financial Fitness Bootcamp

Don’t we love our money? To spend, to flaunt, to feel secure, to make our dreams come true. Er-but there’s only so much of it. Or is there more? LXME presents the Financial Fitness Bootcamp for Women, to fast-track your relationship with money and go from MYOM (making your own money) to GYOM (growing your own money).

Key Objectives:

• Building a positive and strong association with Money. Bringing out the criticality of money management as an essential life skill.
• Evaluating personal cash flow and understanding the importance of financial planning for the present, short term and long term goals.
• Thinking beyond traditional investment options on the basis of changing macroeconomic dimensions basis financial goals

**This event is only for women

Agenda and Flow:

1). Establishing associations with Money - Mapping emotions

2). Identifying dreams- Drawing Financial Goals

3). Making it happen- Introducing Financial Planning

Evaluating Cash-flow
i. Earnings
ii. Expenses
iii. Balance

4). What do you do with your ‘Balance’?

• Cash
• Savings Bank Account
• Insurance
• Invest?

5). How a, b, c not enough- Introduction to Inflation: the Macroeconomic overview of varying levels of inflation as per lifestyle and how it affects you.

6). Filter down to INVEST- Introduction to Investing

a. Activity 1
i. Investing simulation with 1 lac dummy currency and 6-7 investment instruments
ii. Calculate total value of investment after 1 year, 5 years and 10 years - giving multipliers basis returns for easy calculations

b. Fundamentals of Investing
i. Goals
ii. Returns
iii. Lock-in
iv. Patience
v. Cost
vi. Discipline

c. Explain investment instruments- Stocks, Bonds, Mutual funds, PPF, FD, Gold, EPF - features, pros and cons, when to invest

d. Activity 2
i. Repeat activity 1 with a more informed and educated preference

7). Money Minded to Money Mindful

• Money Decisions
• SMART Goal setting
• Weighing Liabilities
• Budgeting