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How to Plan Better as the Financial Pillar of the Family?
Arjun Kirloskar, a 35-year-old software professional in Pune, had a routine set like clockwork. Every day, he woke up at 7 AM, dropped his kid at the bus stop, lent a hand to his wife Megha in the kitchen, helped his retired parents with a round of physiotherapy, and left home for work at 10:00 A.M.
This was his everyday routine. While his job paid him well, Arjun had a long list of responsibilities to tick. While Megha was well qualified, she put her career on hold to manage the home front. The load of everyday expenses, school fees, medical expenses for his ageing parents, and a home loan all came on Arjun’s shoulders.
Arjun's friends and extended family called him the financial pillar of their house, the one who had everything covered. However, one day things changed when his company announced layoffs. This didn't simply mean losing a job for Arjun. It was an absence of a backup plan, no earnings, and no emergency fund.
Arjun's Story: An Imagination or Reality?
Arjun's story might sound painful and unique, but this is a reality for many Indian households. If you can relate to Arjun's story, or are concerned that the same shouldn’t happen to you, read on to understand how to improve your financial planning. Stay tuned for some easy tips, real solutions, and answers to your questions.
