This Raksha Bandhan Secure your Sister Financially

Raksha Bandhan the festival of brother and sister So have you already decided a gift your sister if not then what about making this Raksha Bandhan a special one with all the care and responsibilities, and gift her financial security to make her future safe and prosperous. Isn’t it a nice idea?

We all know that this festival is to protect our sister from all the difficulties hence financial independence could be the best thing to gift her. In this post we are giving some ideas which can be good for her to get rid of financial difficulties. In this Raksha Bandhan, Let’s surprise our 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:

1. Secure her Health : We all vow to protect our sister in the whole life, especially this is the promise of every Raksha Bandhan. So let’s 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. 

2. Invest in her Name : generally we give gift to our  sister on many occassins. Why not start a monthly investment as SIP rather than gift in her name in place of amount we  spent on buying a gift for her. We can add her as joint holder and start an SIP on her behalf to manage her finances at our own end. This investment shall further grow and help her achieve financial independence in the future. 

3. Plan for her Future: We all plan for our future financial dreams, this Rakhi let’s plan for the dreams of our sister. We can plan for her financial security to provide her real protection. If she is younger then we should plan for her higher studies, her marriage, etc. We know that our parents are there to plan all these, but if we can contribute even a little, it would definitely mean a lot to her. 

4. Buy her Gold : Females are crazy for jewellery. It brings so much happiness that it can be noticed on their faces when they receive any gold item as a gift. So, why not make your sister happy by buying her an investment in gold? But, physical gold is less secure than paper gold so we can invest in Gold bonds, ETFs and Gold Mutual Funds which are directly linked to the price of gold and  help her achieve prosperity in the future. 

5. Payoff her Liabilities: If your sister has some loans running, we can lessen down her financial burden by paying off her liabilities fully or partly. Buying her a gift, of course brings happiness and smile on her face. But, if we reduce even a small part of her financial liability, her happiness will be a lot more and also reduce her worries.

So let’s make promises to your sister to secure her from all possible financial hindrances in her life, and start protecting her financially. We can make this auspicious festival special by doing something differently.