Usually house wives, though work hard, do not get any income. They should think about earning some money every month. They have to be a little bit enterprising. There are many things they can do in their spare time which can fetch them some income.
In the villages there are ladies who own cows and sell their milk to earn income. They sell eggs of the few hens they own. They make coconut leaf mesh used for thatched roofing and sell them. Some even run small chit schemes.
The housewives in cities also can do similar things to earn. They can think about providing a day care facility for small babies or sell food packets to bachelors who stay in other flats or sell some dosa batter packets or a beauty parlour at home. Can grow flowers and vegetables on the terrace and sell them. They can take up jobs like data processing or transcription services whichc an be done by sitting at home.
Once you start earning you can think about savings. You can join KSFE chit or start an RD account or start a mutual fund SIP and start savings regularly every month. Once it matures you can buy things you have been aspiring for or grow your investments to create wealth.
Moreover the overdependence on one person for the family’s financial requirements can be reduced, which is a good risk management strategy also.