Joint family finances: minefield of embedded emotional bombs
There are some very general ground rules for dealing with extended families living together
It’s been just over five months since I began doing a weekly personal finance show on Bloomberg India TV. Called Smart Money, the show is about offering strategies to people who are looking for hands-free money management. It’s for people who want to put in place a grid that they can service while they deal with flooding roads, politics at work, kiddy tantrums at home and that darn neighbour who parks in your place just to irritate you. The battle of everyday life of urban middle-class India leaves little time for goals such as everyday workouts and financial planning. The show seems to be helping for we get more than 25 to 30 mails (other than tweets and SMSes) a week sharing detailed financial information and asking for a strategy.