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Young family
This is often the stage when expenses are highest. Manage today's needs without ignoring long-term goals.
A child, a home loan and the needs of ageing parents may come at the same time. Since every expense uses the same income, long-term savings are often ignored.
7 of 7 lessons published
How much does it cost to raise a child?
The real cost by phase, the two one-time costs that are much larger than it, and what a child changes in the rest of your money.
02Home loan: how EMI, interest and tenure work
How tenure and rate really work — and the automatic increase in loan tenure when rates rise.
03Should you prepay your home loan or invest?
The break-even is your loan rate — and why that is not the end of the argument.
04How much term insurance does your family need?
Why a needs calculation gives ₹2 crore where the 10-times rule says ₹1.2 crore.
05Family floater and super top-up
Why one floater can be fully used, and the plain-versus-super top-up difference that decides your claim.
06Start saving early for your child's education
Why a ₹25 lakh degree becomes ₹1 crore, and how starting early cuts the monthly cost sixfold.
07Will, guardian and nomination: what families should do
Why a nominee is only a trustee, and why guardianship is the real reason to write a will.