Unique Financial Gifts that can make a difference in your Mother’s Life
For most part, the relationship between a mother and child is a one-way street, where the former continues to take care of the offspring in more ways than one. However, when the child grows up into a financially independent adult, it’s only befitting that he reciprocates some of this unconditional care and concern. So, on this Mother’s Day (8 May)this year, instead of the run-of-the-mill gifts, give your mum something that will not only make her tech savvy when it comes to financial transactions, but also independent and empowered. Here are some ways in which you can help her feel special.
1.Teach her Net Banking / Mobile Banking :
Do you stay in another city and your mum still goes to the bank on her own for every transaction or service? The best gift for her would be to teach her the benefits of Internet or mobile banking so that she can carry out all transactions from the safety of home. Since the concept may be alien to her, be patient and write down each step for her. Know that she may not understand even the simplest and most basic of concepts that you take for granted. So go slow and take her through each step slowly. Next, allow her to repeat the steps herself in your presence so that you can guide her if she goes wrong or clear any doubts that she has about operating it. If you don’t stay with her, give her the confidence that she can call you any time if she gets stuck or goes wrong inadvertently. She will thank you for this freedom once she gains confidence and becomes self-sufficient.
2. Enable her to Pay all Utility Bills online:
Another dependence that parents typically have is with respect to bill payments. If you teach your mum how to pay utility bills through wallets like Paytm, Google Pay it will ease the problem of depositing cheques or failing to meet the payment deadlines.
3. Book a Medical Check-up for her:
Medical conditions can be effectively tackled if they are detected early. Doctors recommend that even young and healthy individuals should undergo medical check-ups at least once in 6 month – 1 years. Those above 50 should get health check-ups more often. For Mother’s Day, book a full body medical check-up for your mom. A thorough check-up will detect if something is amiss, and could nip the problem in the bud. What’s more, Up to Rs.5,000 spent on preventive health check-ups can be claimed as a deduction under Section 80D.
- Cost:Rs.3000-5000
4. Introduce her to Paper Gold Investment Option:
If your mother likes to buy gold, it’s time to introduce her to paper gold. Buy her a Sovereign Gold Bond or get her to invest in a Gold ETF or Gold fund. These are linked to the price of gold and will move along with the metal, without the hassles of ensuring purity, shelling out making charges or worrying about safe storage. You can start with a Gold Fund from a mutual fund that will charge a small fee, but there’s no need for a Demat or Trading A/C in a Mutual Fund.
Conclusion:
Mother’s Day is an occasion which is celebrated in various parts of the world to express respect, honor, and love towards mothers. The day is an event to honor the contribution of mothers, and acknowledge the efforts of maternal bonds and the role of mothers in our society. We should honor and celebrate our mothers every day and not wait for just one day but we can take these small steps to make her feel empowered.