MintMoneyMoney BoxMutual FundsPersonal FinanceJune 17, 2018by Monika Halan0A father’s basic financial toolkit

In my father's financial tool kit, I put no child plans, or real estate. Do your kids a favour and leave them only financial assets.

Middle class Indian fathers used to be distant, authoritarian and usually dictatorial. They ran the extended household with an iron fist keeping a tight hold on expenses. The middle class pre-independence Indian father struggled to meet the needs of an extended family with meagre income and prospects. The fight for economic survival translated into the immovable patriarch image. Economic growth has changed not just fortunes of families but also the equations within the home. Smaller, nuclear families, better economic prospects, and more money has meant a larger role for the father within the home. From changing nappies, to school pick and drop duties, to doctor visits, the dads are a part of bringing up the baby. However, in most households, for a variety of reasons, the one thing that has remained largely constant is the control of the finances.

Read more


Leave a Reply

Your email address will not be published. Required fields are marked *