This Raksha Bandhan Protect Your Sister Against Financial Difficulties
The holy festival of brother and sister, Raksha Bandhan is approaching fast. What are you planning to gift your sister this time? Let’s make this Raksha Bandhan a special one with all the care and responsibilities, and gift her financial security to make her future safe and prosperous.
Relationships are the essence of any festival in India, and the relationship of brothers and sisters holds various responsibilities and care. The festival of Rakhi is celebrated in many parts of India to honor the love and duties of brothers and sisters toward each other. The literal meaning of Raksha Bandhan is “the tie or knot of protection.” On this auspicious day, the sister ties ‘Rakhi’ on the wrist of her brother, and the brother in return gives gifts and promises her to protect the whole life.
Why Not This Raksha Bandhan Gift Her Financial Protection?
Isn’t it a nice idea? Since the real meaning of this festival is to protect your sister from all the difficulties, financial independence would be the best thing to gift her. And we are here to help you find the perfect solutions to get rid of financial difficulties. So this Raksha Bandhan, surprise your sister with some healthy financial gifts and make a promise to secure her financially.
Here are some of the best ways to protect her financially:
- Start an SIP Investment for Her : The amount which you would have spent on buying a gift for her can be the amount for her first SIP. You can add her to your family member, and start an SIP on her behalf to manage her finances at your own end. This SIP investment shall further grow and help her achieve financial independence in the future.
- A Promise to Protect Her Health : On every Raksha Bandhan, you take the vow to protect your sister in the whole life. Why not this time gift her a health insurance by paying the insurance premium on her behalf? It would cover her from high medical expenses and provide her health and even life security.
- Plan for Her Future Goals : You must be planning for your future financial dreams, let’s this Rakhi plan for the dreams of your sister. Start planning for her financial security to provide her real protection. If she is younger than you, then you should plan for her higher studies, her marriage, etc. We know that your parents are there to plan all these, but if you contribute even a little, it would definitely mean a lot to her.
- Payoff the Liabilities on Her Behalf : You can lessen down her financial burden by paying off her liabilities fully or partly. If you buy her a gift, that, of course, will bring happiness and smile on her face. But, if you reduce even a small part of her financial liability, her happiness will be a lot more as reduce her worries.
- Buy Paper-Gold : Girls are crazy for jewelry, and the happiness can be noticed on their faces when they receive any gold item as a gift. But, physical gold is less secure than paper gold. So, why not make your sister happy by buying her an investment in gold mutual funds? It will help her achieve prosperity in the future.
Therefore, do not let this auspicious festival go simple. Make promises to your sister to secure her from all possible financial hindrances in her life, and start protecting her financially with an SIP at MySIPonline.
Happy Raksha Bandhan to all the brothers and sisters
from the entire team of MySIPonline.
- LTCG Tax Is Not As Negative As it Seems; Here’s Why?49684 min read Jan 01, 1970
- Sensex Plunges Over 1000 Points; Should You Buy or Hold Your Investments for Correction?50273 min read Jan 01, 1970
- Sensex Dives Nearly 840 Points: Things to Consider and Experts’ Take51593 min read Jan 01, 1970