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Anu

Anu Krishna  |1293 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 14, 2024

Anu Krishna is a mind coach and relationship expert.
The co-founder of Unfear Changemakers LLP, she has received her neuro linguistic programming training from National Federation of NeuroLinguistic Programming, USA, and her energy work specialisation from the Institute for Inner Studies, Manila.
She is an executive member of the Indian Association of Adolescent Health.... more
Asked by Anonymous - Mar 13, 2024Hindi
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Relationship

Hi Anu..I m living in New Delhi for last 4 years with my husband and 9 years old son.We both basically belong to Tier 2 city.We both r working hence my child is going to creche which he hates now.My husband and i were thinking of returning to our hometown so that expenses will be reduced and kid will find his cousins and relatives. But we are afraid that he might not get exposure which he could get in Delhi in educationand sports. So we are in delima..what will.be best for him?

Ans: Dear Anonymous,
It depends on which Tier 2 city you are planning to relocate to...
Yes, it's a fact that some Tier 2 city schools may lack the infrastructure to support extra curricular activities or what a larger school in a Tier 1 city can offer. Also, since your son has been in New Delhi for the past few years which are the most impressionable years, please expect adjustment problems in terms of social adjustment within school and friends...

Do prepare him adequately for the major change and who knows he might also like it as much as you and your husband do...But plan and prepare him for this change...Take his opinion into consideration before taking the decision to make that shift...maybe you can use the summer holidays for your son to have a feel of what a Tier 2 city is like and what it means to live there long-term. This should also help you and your husband to take that final call on this...

All the best!

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Kanchan

Kanchan Rai  |403 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Aug 06, 2024

Asked by Anonymous - Jul 23, 2024Hindi
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Relationship
I have gone my job switch from Noida to Mumbai is banking industry. My wife works in IT firm Gurgaon require to go to office quarterly for 3 days. We have shifted to Mumbai and living in Kandivali east Lokhandwala township. I have daughter 2.5 yrs old we used to send her to playgroup in Noida which have live cctv camera access for parents. In mumbai, it is raining these days and playgroups don't have cctv access to parents. Also accomodation rent is high. Wife wanted to go to Noida and stay there with kid. They will hire maid also full time. My travelling time is also very high 2.30 hrs one side from office to home end to end. Struggling to adjust in mumbai. Because of small houses, playgroup quality, cultural issue , everything. We want advise whether we stay together in mumbai and how things are going or send family to Noida and i am shifting near by office in Lower Parel.
Ans: From a relationship perspective, it's crucial to balance the emotional and practical aspects of your decision. Staying together in Mumbai strengthens your bond and allows you to support each other daily. However, the high living costs, small spaces, and lack of quality playgroups with CCTV access can add stress, compounded by your long commute.

If your wife and daughter move to Noida, they would have a more comfortable environment and better childcare options. However, this means you'll miss daily interactions and could feel emotionally distant over time.

Consider moving closer to your workplace in Mumbai, like Lower Parel, to reduce your commute and spend more time with your family. Also, explore local playgroup options thoroughly, as you might find one that meets your security concerns.

Ultimately, prioritize what provides the most stability and happiness for your family. Open communication with your wife about your concerns and potential solutions is key. Whether you stay in Mumbai or consider temporary separation, ensure regular visits and communication to maintain your bond and stay involved in your daughter's upbringing.

..Read more

Career

Career Coach  |48 Answers  |Ask -

Workplace Expert - Answered on Jul 29, 2024

Asked by Anonymous - Jul 26, 2024Hindi
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Career
I moved to Dubai in 2012 with my family. My son is in class 9. My wife wants us to return to India so he can continue his studies in India. Do you think this is a good choice? My son is good at science and math. How can I prepare him for his student life in India?
Ans: Hi there,

Returning to India for your son's education can be a good choice, especially considering his aptitude in science and math. India has a robust education system with numerous opportunities for students excelling in these subjects. Here are some considerations and steps to prepare for the transition:

Considerations:
1. Curriculum Differences: The education system and curriculum in India might be different from what your son is used to in Dubai. Research the various boards (CBSE, ICSE, State Boards, IB, etc.) to find the best fit for him.

2. School Selection: Look for schools known for their strong science and math programs. Consider their facilities, faculty, extracurricular activities, and overall environment.

3. Entrance Exams: In India, competitive exams play a significant role in higher education. Start familiarizing your son with exams like the Joint Entrance Examination (JEE) for engineering, the National Talent Search Examination (NTSE), and the Olympiads for science and math.

4. Cultural Adjustment: Moving back to India will involve cultural adjustments. Engage your son in conversations about the changes and prepare him mentally for the shift.

Preparation Steps:
1. Academic Preparation:
- Bridge Courses: Enroll him in bridge courses to align his knowledge with the Indian curriculum.
- Additional Tutoring: Consider extra tutoring in subjects where he might need more support to catch up or excel.

2. Extracurricular Activities: Encourage participation in extracurricular activities related to science and math. Robotics clubs, coding classes, and science fairs can be great platforms.

3. Soft Skills Development:
- Language Skills: If his primary language of instruction changes, ensure he gets the necessary language support.
- Social Skills: Engage him in group activities and social gatherings to help him build a network of friends.

4. Mental and Emotional Support:
- Counseling: Consider professional counseling to help him cope with the transition.
- Family Support: Ensure a supportive home environment where he can freely express his concerns and feelings.

5. Visit Schools:
- Before finalizing the move, visit potential schools with your son. This will give him a sense of involvement and help him adjust better.

Returning to India can open up numerous opportunities for your son, especially given his strengths in science and math. With the right preparation and support, he can thrive in the Indian education system.

..Read more

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Milind

Milind Vadjikar  |642 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Milind

Milind Vadjikar  |642 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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Money
I am seeking guidance on my current financial situation. I am 50 years old, with a net take-home income of 1.42 lacs per month, while my wife earns approximately 75k monthly. We have two daughters pursuing higher education, with annual fees totalling 6.10 lacs. In the wake of the COVID-19 pandemic, I faced a significant setback when I was unable to pay my home loan EMI, leading me to opt for a moratorium. Despite having already paid approximately 43.85 lakhs towards my home loan of 58.50 lakhs taken in 2017, the principal outstanding has astonishingly increased to 59.45 lakhs. I now find myself committed to an EMI of 65,000 monthly, further straining our financial resources. To cover both my daughters first-year college fees, I took out a gold loan of 5.5 lakhs, for which I currently pay 50,000 a month. I had invested in a family health insurance policy with Star Health, covering 10 lakhs, but due to poor service I stopped paying my premium, which had an accrued value of 17.50 lakhs. I hold a provident fund account with a balance of 2.5 lakhs. I am concerned about planning for my elder daughter's wedding in the next 2 to 3 years and my retirement. I would appreciate any advice or strategies you could provide to help me navigate this situation effectively.
Ans: Hello;

Try and understand from the home loan lender as to how 59.45 L principal is overdue despite paying a sum of 43.85 L, despite factoring 80% of this as interest payment, the overdue principal should be below 50 L.

Double check if this is as per the terms of moratorium.

If you are not satisfied with replies from the lender escalate the matter to the highest authority at lender or RBI.

Lender can't behave irrationally just because you availed moratorium during COVID.

In my view you should have just sold the gold rather then taking loan against it.

That way you could have lessened EMI burden on your finances and ensured investments for retirement and other goals.

Unfortunately we have a tradition of attaching emotional value to precious metals and real estate.

The best "jewellery" you can offer to your kids is good education, which you have already done.

In matters of health insurance never discontinue a policy due to dissatisfaction with the insurer, port it to another insurer, 1.5/2 months before the renewal date so that your benefits remain intact. Now you may be need to find another health care insurance.

You may begin a monthly sip of 25-30 K in diversified large cap oriented mutual fund for 5 years.

Also give a thought to NPS, you can contribute till 70 age, for retirement pension.

Best wishes;

...Read more

Milind

Milind Vadjikar  |642 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 15, 2024Hindi
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Money
I am 42 years old male currently working as a software engineer in a private company and drawing 1.1 lakhs per month. I have 2 school going kids. My monthly expenses are around 80K per month including rent. I don't have any personal property in my name. I have invested 50L in postal term deposit(yearly payout), 20L in Shriram transport finance FD(monthly payout), 11 lakh in HDFC balanced fund dividend(monthly payout), 6L in bank FD(monthly payout) all in my wife's name. I have invested 28L in my HUF account against Shriram Transport Finance FD (monthly payout). I have around 20L in EPF and Gratuity. I have around 8 lakhs in miscellaneous Mutual funds with a monthly sip of around 36K. Most of my investments pay me monthly return except this SIP. I have done so as software job is very fragile which can go any time. However I have maxed out on the return I can take per year on my wife's head (7L) and HUF(2.5L) without tax liability. Please advise how I can invest further to get returns so that I can quickly withstand any job loss.
Ans: Hello;

You have already made sufficient provisions to survive a job loss because your passive monthly income is now almost covering your monthly expenses.

But if you need added back-up you may keep expenses worth 6 months(@ 5 L) in a liquid type mutual fund.

Focus on 3 goals;
1. Children's education
2. Retirement
3. House

If you again keep investing in fixed income bearing instruments then you may not be able to grow a corpus to fund these goals.

A mutual fund sip(36 K) is a step in the right direction. I believe these are scheme with Growth option.

Hope you have EPF/NPS/PPF investments as well.

Happy Investing;

...Read more

Milind

Milind Vadjikar  |642 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 16, 2024

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