Having a budget and sticking to it is important
Good money habits have to be imbibed and can’t be drilled into children, and that can happen if the parents lead by example
Losing your money to a missell can be frustrating. But for Shyam and Priya Sunder, who founded PeakAlpha Investment Advisors, a financial planning firm in Bengaluru, it was a life-changing experience. When they moved back to India in 2003 after holding corporate jobs in London for about five years, they entrusted their bank to manage their savings. The bank representative parked a chunk of their money in unit-linked insurance plans (Ulips) that sliced away 60% of the principal in costs.