According to a survey on money habits of Indians by Exide Life Insurance, one in three Indians do not keep their families informed about their financial dealings. Financial advisors highlight how not having family members or even the spouse involved in financial decision-making is a challenge. This aspect (of involving family) is something that is missed out a lot of times,” said Suresh Sadagopan, a certified financial planner and founder, Ladder7 Financial Advisories. “We have observed over the years that only talking numbers, savings and SIPs does not get the spouse or the family involved. There could be other things, like taking stock of your financial goals and the progress in relation to those, that may need to be looked at.

Source: Mint January 08, 2019 03:45 UTC