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Teach your dependents about money

Help your family members to become financially aware and independent

Help your family members to become financially aware and independent

Are you that Superman or Superwoman who doubles up both as bread winner and portfolio manager for your entire family? If so, that's a matter for concern, not pride.

Help your family members to become financially aware and independent.

Encourage them to read financial media.

Open 'young saver' accounts for your children, where they can deposit their pocket money. This will make it inevitable for them to use the banking channel.

Get your family members add-on credit cards so that they judiciously use credit and build a credit history.

If your better half has been leaving her financial management to you, introduce her to online broking accounts and online SIPs. Teach your elderly parents all about online money transfers and internet banking.

Not only will this make them financially self-sufficient, they may end up managing your finances very efficiently, too!

A Must-Do List for Investors
Stop idling your earnings
Re-invest your interest, dividends
Start a 'Swacch Portfolio' mission
Exit insurance-cum-investment plans

Increase your life and health cover amounts
Get property insurance
Digitise your documents
Nominate

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