New Delhi, March 8 -- International Women's Day is just as good a day as any to provide strength to women and enable them to be the torchbearers of their own financial destiny. This can be done through proper planning, effective money management and thoughtful fund allocation.

Now, it is a given that investing appears to be a difficult task for most women, still it is important to acknowledge that with proper financial education and consistent reading sensible allocation of funds can be done. As perfectly stated by American author and journalist Clare Boothe Luce: "A woman's best protection is a little money of her own."

Now before venturing into investment opportunities, have a careful look at your existing financial situation. Calcula...