India, Aug. 12 -- justify;">On her graduation day, Tamana's eyes sparkled with dreams-getting her first paycheck, purchasing her first car, furthering her education, visiting the places she longed for, supporting her parents, investing in property, or someday starting her own business.

A year after landing her dream job, Tamana unexpectedly faced a medical emergency that needed urgent funds. She realised she had no savings after splurging over the past year on gifts for loved ones, a down payment on her dream car, the latest smartphone she yearned for, and dining at top restaurants. While recovering, she reflected on her mistakes and how to better manage her financial health.

Like Tamana, many young women pursue higher education, enter ...