Mr Financial Fixit Fixing Finance Lives

There are a few things in life that fret you more than a loss you struggle to absorb. That’s precisely what the Banerjees of Delhi encountered. The couple, hovering on their mid-forties, went distraught when they had to sit down and take stock of their finances. For over 15 years of job life, they never bothered much about this, and were largely content with some fixed deposits and insurance policies. A death in the family shuddered them to reality. A quick arithmetic showed that the interest on their savings was just around 4-5 per cent of the principal amount. With a joint annual income of around Rs 50 lakh and gifted with two children, the Banerjees realised that their financial responsibilities were far more than the time they had. The alarm bells rang. “We went by the banks where we kept our money,” says Abheek Banerjee. “We never realised that financial...