Women are the strongest part of a family and have better management skills. In fact, women often tend to have better money savings skills than men. Traditionally, India has been a savings-focused nation and the household savings rate of the country is pretty high. The responsibility of this can be attributed to the lady of the house, who habitually relies on traditional methods like accumulating hard cash, putting money in a basic savings account or at the most depositing cash in a recurring deposit account.