To help women become more confident in their financial management skills

According to the report, within the household, wives are responsible for small purchases, with 58% of women managing weekly spending compared to 32% of men. In contrast, husbands are responsible for family savings (51% of men compared to 42% of women), investments (50% of men and 34% of women) and major purchases (47% of men and 27% of women).

This leads to women's lack of confidence in their ability to plan and execute family finances, with only 42% of women feeling fully equipped with financial knowledge compared to 54% of men. So how can women manage their money more intelligently and proactively?

BAC A BANK's Nest Builder savings product has many incentives and an additional interest rate that is extremely attractive to women.

Build a spending plan

To avoid asking the question “where does the money go?”, women need to estimate the fixed monthly expenses that need to be prioritized in the family budget and set limits for flexible expenses without “overspending”. In particular, they need to be strict with themselves to avoid falling into the shopping trap, set principles when choosing goods/services - avoid the situation where the total expenditure for small purchases often exceeds that of large purchases.

In particular, for annual recurring expenses such as tuition, insurance, health care, etc., women can base on the payment time to set up short-term savings corresponding to the time they can "save" in the account.

Regularly monitor income and expenses

Nowadays, there are many financial management applications on the phone - providing women with simple and scientific tools to track income and expenses. Make a habit of recording daily and regularly review to compare changes in individual/household consumption behavior at different stages, thereby making reasonable adjustments to ensure stable and sustainable family financial capacity.

And don't forget that non-cash payment methods are currently very popular such as online payment, e-wallet, QR pay... with many undeniable conveniences. Smartly linking to bank accounts and easily looking up transactions via Internet banking/Mobile banking also helps women control their spending faster and more effectively.

Choose the right savings channel

In addition to the method of "increasing income and reducing expenses", women must definitely save money to prepare for and serve future spending needs. It is best to take a portion of your income each month to deposit in the bank and spend the remaining money or deposit money immediately when there is unusual income.

The promotion program “8/3 - Meaningful gifts” is the gratitude that BAC A BANK sends to half of the world with sincere and loving wishes. For more information about the Program, please contact Customer Care Center 1800588828.

Women can look for banks that apply preferential deposit policies specifically for women. For example, Bac A Commercial Joint Stock Bank (BAC A BANK) has long been trusted by women because of its extremely attractive savings product "Nguoi xay dung am". By depositing a minimum of 10 million VND with a term of 12 months or more, female customers will receive an additional incentive interest rate, an unlimited number of savings books, and an immediate 1%/year interest reduction if they mortgage their savings books. Customers with a minimum deposit balance of 1 billion VND will also receive a voucher worth up to 1 million VND at TH truemart stores nationwide.

On the occasion of International Women's Day, from March 6, 2018 to March 8, 2018, BAC A BANK will specially send to all female customers who deposit at the counter at least 50 million VND with a term of 06 months/181 days or more a gift in cash equivalent to an additional interest rate of 0.083%/year for the amount of the savings book. In addition, female VIP customers will also receive TH truemart vouchers to experience fresh and clean products from TH Group. When participating in the Program, customers will still enjoy current incentives corresponding to the selected deposit product.