Proposal for New Blog Post Topic: Addressing Financial Challenges Faced by IT Professionals

[ishap11]

Hello, this is Isha Prajapati, I hope you're doing well. I'd love to contribute to the blog post page of the Finveda project. I'm particularly interested in addressing topics such as:

1. Financial Illiteracy Among IT Professionals:
   Causes: Overspending, job insecurity, and lack of financial literacy contribute to financial challenges among IT professionals
2. Maintaining Money in New Start-ups:
   Causes: Inexperienced founders' lack of familiarity with startup finances, inadequate understanding of financial management principles, and challenges in navigating fundraising options contribute to difficulties in maintaining money in new startups.
3. Difficulty in Comparing Different Banks and Mutual Funds:
   Causes: Complexity of financial products, lack of understanding of financial terminology and performance metrics, and limited financial literacy contribute to difficulties in comparing banks and mutual funds.
4. Money Management After Retirement:
   Causes: Limited understanding of retirement finances, underestimation of life expectancy and living costs in retirement, and lack of awareness about investment risks contribute to challenges in managing money after retirement.
5. Challenges in grasping Dept Cycle:
   Causes: Continuous borrowing leads to mounting debt with high-interest rates and fees. Escaping this cycle is challenging due to existing debt, limited income, and ongoing expenses. Solutions include financial counseling, debt consolidation, and careful budgeting to regain financial stability.

I am eager to contribute under GSSoC'24 and help enhance our website’s functionality and user experience. Please assign this task to me.
Thank you!