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Kanchan

Kanchan Rai  |423 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 02, 2024

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more
Asked by Anonymous - Jun 02, 2024Hindi
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Relationship

Dear Anu, I am married for 28 yrs. Throughout my marriage, I have felt very insecure about money. I have always tried to be independent but my husband had discouraged it. So though I earned, it wasn't much. It was enough as my pocket money, or maybe a bit more. Then when I was 46yrs old, and my husband 60, he started saying that he could no longer earn and I had to support myself. At first I was shocked and devastated, but gradually i accepted and started working hard. He also started living separately and comes home for 2-3 days, every week. I have stopped needing him emotionally and financially. But he is very inconsistent with his finances, which brings back my earlier insecurity. Also he doesn't practice what he says. Suppose we plan something and I expect that to happen, but then I find he doesn't do it. I feel very cheated. For example, we decided to rent out our garage, and he said that I could pay the electricity bill of our house with that. But then , when we get a tenant, he takes away the money. This is just a small example. Many other , big things have happened . Because of this, I feel frustrated and very dissatisfied with the relationship. But outwardly, we are a happy family. I have a son of 27yrs also. I have tried talking to him about it, but he avoids it. Inspite of telling him time and again to find something to do he refuses it. His career was also very inconsistent, and a very long story. How do I deal with him? Should I leave? I don't want to. But I really don't know what to do.

Ans: I hear the deep frustration and sense of betrayal you're experiencing. Navigating a relationship where financial security and trust are consistently undermined is incredibly challenging, especially after 28 years of marriage. Your feelings are valid, and it’s important to address them thoughtfully.

Firstly, it’s crucial to recognize and validate your own strength and resilience. Despite the obstacles, you've managed to become self-reliant and support yourself financially. This is a significant achievement and speaks to your capability and determination.

Your husband's inconsistent behavior and financial unreliability are understandably distressing. It seems that his actions have repeatedly undermined your sense of security and trust, which are foundational to any relationship. The pattern of him not following through on agreed plans, such as the example of renting out the garage, erodes trust and contributes to your frustration.

Given that he avoids discussions about these issues, it might be helpful to approach the conversation differently. Choose a calm, neutral time to express your feelings clearly and directly, focusing on how his actions impact you emotionally and financially. Use “I” statements, such as “I feel insecure and frustrated when our financial agreements are not honored,” to avoid making him feel defensive.

If he continues to avoid these conversations, consider involving a neutral third party, such as a marriage counselor. A professional can facilitate healthier communication and help both of you understand each other's perspectives better.

However, it’s also essential to evaluate your own needs and boundaries. Reflect on what you need to feel secure and fulfilled in the relationship. If these needs continue to be unmet despite your efforts to communicate and resolve the issues, you might need to consider more significant changes.

Leaving a long-term marriage is a profound decision and one that requires careful thought. You’ve mentioned that you don’t want to leave, and it’s important to explore all avenues before making such a decision. However, your well-being and happiness are paramount.

If your husband remains unwilling to change or address your concerns, you may need to create boundaries that protect your financial and emotional health. This could involve having separate finances or setting clear terms for financial decisions and responsibilities.

Ultimately, the goal is to ensure that you feel secure, respected, and valued in your relationship. It's a challenging path, but with clear communication, professional support, and self-reflection, you can navigate this difficult situation and find a resolution that honors your needs and well-being.

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Anu

Anu Krishna  |1355 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 17, 2023

Asked by Anonymous - Mar 16, 2023Hindi
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Relationship
Dear Maam, I am a 45 year old married woman. (Married for last 10 years). We do not have any children as yet. My husband was employed at the time of marriage, however, he quit his job within a couple of months of marriage and has remained unemployed since then. His mother, my MIL happily supports him in this matter and keeps treating him like a 10 year old boy. Since my husband has no source of income, he keeps festering me for money to buy all sorts of things and becomes irritated and angry and doesn't speak to me for days when I refuse to give him any money. We do not have a single joint bank account and I am afraid to share my bank account details with him as he will insist on the Debit Card and spend all my hard earned money. I have tried speaking to him about his employment status and have told him clearly that amount of salary is not important, but instead he should be gainfully occupied instead of watching movies with his parents all day long. Another irritating habit of his is to watch his car five - six times a day. People taunt him for his joblessness and his obsession over his car. (Maintenance money is also paid by me). His parents are 100% in his favor and told me many times that they have raised their boy nicely and that I shouldn't tell him how to live. I don't remember the last time I have been physical with him. Must have been 5-6 years back atleast. I am fed up completely and dont know how to put some sense in him.
Ans: Dear Anonymous,
You have married a man who refuses to grow up. And to top it all, his parents get a kick out of him behaving like a child. Maybe it eases their guilt of being better parents to him than they were when he was much younger. Whatever it is, please think for yourself if you want to raise a child instead of living with a man who is your husband. He shows no signs of wanting to take responsibility and be an adult here.
So, what exactly are you supporting this man for?
Why are you allowing him to live off your money?
What makes you reinforce his tantrums by being a child?
What more needs to happen for you to see that your marriage is in shambles?

Either take him to a professional who can help him sort out his challenges OR if that does not work, think about your life and make solid decisions in your favor.
You are financially independent and even after 10 years of marriage, if you are still squabbling over a husband who is a child, you know how you can lead a better life.
So, try talking him into going to see a professional first...

All the best!

..Read more

Anu

Anu Krishna  |1355 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 13, 2024

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Relationship
Hello maam i am married since 18 years and since last 5 years my husband is not earning but my in laws are well to do me and my husband are in a relation where we end up quarrelling even if we have converstion of 2 mins i am financially independent and have son of 14 years but he is truely in influence of his father i dont have parents nor a sibling i dont know what to do i sometimes feel if i leave my husband and if i fail in my job than what about my future my age is 38 in all my surroundings i have seen all husband take care and responsiblity of their wife but my husband is totally self centered and the most pathetic thing is he does not even realize this please suggest what can be done
Ans: Dear Richa,
You are financially independent and any decision you take for your life will be based on that, right?
Who knows what the future hold and one can only be hopeful that all that is done in the present times yield a good result in future.
So, whatever decision you want to take, do that keeping what it is right now...also, have faith in your capability to earn and hold your head high BUT do give your marriage a fair chance considering your son may also get rattled by any harsh decision. Do you not feel that it is time to actually confront your husband. What is he planning on doing? Sitting and waiting for something to happen for him?
He has possibly got into a place where it is comfortable not to work and things happen around him for him and everyone else. So, there really is no need for him to lift a finger. Urge your in-laws to talk to him and drive some sense into him. If he still makes no move to get proactive and take on his part of responsibilities within the marriage, think about how long and how far you want to go with this. A bit of coaching/therapy can help, but only if he willing to see that it's needed for him. More than anything, I want you to have faith in yourself and play to your strengths.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: https://www.facebook.com/anukrish07/ AND https://www.linkedin.com/in/anukrishna-joyofserving/

..Read more

Ravi

Ravi Mittal  |454 Answers  |Ask -

Dating, Relationships Expert - Answered on May 22, 2024

Asked by Anonymous - May 22, 2024Hindi
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Relationship
I am a working women, i have to take care of my parents expenses and also take care of my expenses , i have a child 8 years old, my husband is not supporting me financially, he just spend most of his money for his wants, and no savings so far even after 15 years of marriage, how to make him understand about savings i have quarreled many times on this but no use, i feel like to go away from him, kindly suggest
Ans: Dear Anonymous,

I am very sorry about your situation. It sounds stressful and you have every right to be worried. Here are a few ways to sort this out:

The first and the most obvious one- communication. I am sure that you have communicated your concerns to your husband but let's give it another try and this time, make sure it's non-confrontational. For instance, just casually mention the financial burden that is on you without assigning any blame to him. Try "I" statements instead of "You." He might come to a realization that he needs to put in more effort to relieve you of your burdens. Try mentioning some shared goals that you won't achieve if you don't join your finances and share the responsibilities. Next, tell him that you both should start tracking your expenditures and set a budget at the beginning of every month. Try a more practical approach. Set up monthly deposit schemes that would automatically deduct the money from your accounts. Last but not least, seek support from a trusted family member or close friend. While they might not be able to give you any concrete solution, sharing your woes can make you feel lighter.

Best Wishes.

..Read more

Anu

Anu Krishna  |1355 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 28, 2024

Asked by Anonymous - Sep 18, 2024Hindi
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Relationship
Hi I am married for 2 years. My husband and FIL runs a business. My MIL is a retird HM from govt school. I am married to a lovable family. I am for ever grateful to my inlaws. We stay together and i have one SIL. All of the expenses and invesments are made by my husband. We have a 1yr daughter. Till date me and my husband had no financial communication. He gets whatever i what but we dont discuss how much income he has got and what he does. Also i dont know what my inlaws income and what they do and i dont want to interfere in it. Its none of my business. Its me who asks my husband to let me know our financial status. Sometimes he say but its not a regular financial discussion. I came to know that he is investing in lic policies for all of them. 50% spending 50%investmnts. Ofcourse my inlaws share some amount but major expenses and all major investments are from my husbands income. I expect him to let me know the financial status so that i can also have a knowledge on it but he never opens up and but he always gets me want i want. I had never asked him like wht are you spending for your mom dad sis when they are still independant.I never questioned him and i will not. Its our duty to look after parents without any expectation. i promised him that i will not be a hurdle in this. But recently he gave huge amount to my inlaws and he dint even tell me. I felt upset when I got to know it later. It had happend many times.The thing that made me sad is that my husband dint even consider me in this. Like after giving also he dint utter a word to me. i I would have not said dont give. I would have felt happy only. Because he is giving to his parents only. But my concern is he is not sharing his financial commitments with me. Is it ok for me to expect that he should share his financial status with me so that we can plan our future or am i wrong? When my inlaws questions me about finance that something he did to them i am like when iam unware of it. Its embrassing. I feel that a couple should have a financial communication without discrepancy. But my husband does not do it intentionally. He always says he forgot. But i think that a couple should spend time having a healthy talk about their own commitments and investments. Marriage is not always about fantacy, shopping, romance, relaxing cooking playin work etc... there should be some serious talks discussions right which will pave way for a healthy relationship growth understanding and a better future and healthy finacially stablev family let me know whether i am wrong or right. And also is it ok to talk to my husband to let my inlaws share his burden financially as they are financially independent too ( atleast their lics they can invest) not sure to discuss this. But i feel my husband is over burdened. Btw iam a homemaker
Ans: Dear Anonymous,
There's nothing wrong in you wanting transparency when it comes to the family's finances. But the way it has been right from the beginning of your marriage, is that you did not ask and you were not told.
So, suddenly when you have expressed an interest in knowing and participating, your husband has not understood this. Be clear when you discuss with him that you wish to talk about it not to deter him from anything but to actually support him in whatever he does. He also is perhaps used to taking financial decisions all by himself and continues to do so...So, if something has changed within you, express it and allow him the time to change as well...

In your words: But i think that a couple should spend time having a healthy talk about their own commitments and investments.

Yes, but if it was this way right from the time when you two married, it would not be an issue. Your want now is not wrong, but has changed from what it sued to be...so, express, let him reflect on it and then have a healthy debate/discussion on it.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

..Read more

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Patrick

Patrick Dsouza  |879 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Dec 04, 2024

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Career
Hi Sir, I am 41 years old. I've 15 years of experience in Finance (FP&A) domain. In last 2.5 years I have changed 3 companies due to lay off, Cultural misfit and latest one due to Personal and family issue. I quit my last job in Sept'24 (from Apr;24 to Sept'24). Due to some family issues, Lay offs, Challenges faced on the job I am feeling very low. I don't have any confidence left as a result don't want to return to work out of fear and anxiety. However, I also want to upskill myself and thinking of pursuing US CMA. But I am in dilemna that with around 15 years of work experience would it open any gates for growth opportunities going forward. Another dilemna that I am constantly fighting is to whether think of making a switch from Finance domain to Learning & Development domain. I have good communication & interpersonal skills and have always had a liking towards L&D domain. Now myself on a Career break I am not sure how to proceed further - Whether to pursue my Career in Finance and look for jobs in Finance domain and then gradually look to switch to L&D domain or Look for the opportunities only in L&D domain. I have an emergency fund that can take care of my expenses for next 6-8 months. Looking forward to your guidance that can help me bounce back in my career as I am feeling lost, depressed and Lack of Confidence at present in life. Thanks.
Ans: Learning is a continuous process. So doing a course in Finance should not be a problem. As far as getting into LnD domain, start with being a faculty in one of the colleges or can start with taking private tuitions. See if it suits you. If it does, then you can decide to make the switch.

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Ramalingam

Ramalingam Kalirajan  |7206 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 04, 2024

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Money
Sir, Im a 48yrs old, my monthly salary is 2.5L my expense and my family expense i need 1L per month. I planning to leave my work from June-2026. In-between this period i can invest a month 1.5L. I can invest from this Dec-2024,So where i can invest for my future, which plan is best return give to me?. If i invest mutual fund or stack market or Nifty -50, how many year need to invest? minimum. 1 year or 1.5 year can invest monthly basis? or 5 years above plan only have.? Pls give me your guidance. Im confusing about . Thanks & Regards Prakash from Thanjavur, Dt
Ans: Your Current Financial Snapshot
Age: 48 years.
Monthly Salary: Rs. 2.5L.
Expenses: Rs. 1L per month.
Monthly Savings Potential: Rs. 1.5L from Dec 2024 to June 2026.
Retirement Planned: June 2026 (1.5 years away).
Your focus should be on ensuring financial security post-retirement and balancing short-term and long-term returns.

Key Investment Strategy
1. Short-Term Investments (1.5 Years)
Since your investment horizon is limited, focus on low-risk options with stable returns.

Debt Mutual Funds: Ideal for low volatility and reasonable returns. Use short-duration or liquid funds for flexibility.
Fixed Deposits or Recurring Deposits: Use these for safe, guaranteed returns with easy liquidity.
Sovereign Bonds (T-Bills): Consider Treasury Bills for short-term secure returns.
Avoid heavy exposure to equities or Nifty-50 for this period due to potential market volatility.

2. Post-Retirement Monthly Income Plan
After retiring in June 2026, ensure a steady cash flow with the following allocation:

Systematic Withdrawal Plan (SWP): Invest a portion in balanced or conservative hybrid funds to withdraw monthly income while preserving capital.
Senior Citizens’ Savings Scheme (SCSS): Once eligible at 60, invest for a regular, safe income with high returns.
Debt Instruments: Keep part of your corpus in FDs or debt mutual funds for liquidity.
3. Long-Term Growth Strategy
If you can continue investing beyond June 2026, allocate part of your corpus to equity for inflation-beating growth:

Equity Mutual Funds: Diversify across large-cap, mid-cap, and multi-cap funds for growth.
SIP in Nifty-50 Index Funds: These are suitable for moderate risk-takers seeking simple, long-term returns.
Balanced Advantage Funds: Ideal for long-term goals with dynamic asset allocation.
For long-term equity investments, a horizon of 5+ years is recommended to mitigate market volatility.

Step-by-Step Plan for Monthly Savings (1.5 Years)
Allocate Rs. 1.5L monthly as follows:

Rs. 75,000 (50%): Debt mutual funds or fixed deposits for short-term stability.
Rs. 45,000 (30%): Balanced advantage funds for moderate risk and growth.
Rs. 30,000 (20%): Large-cap equity funds or Nifty-50 index funds for long-term growth (only if you extend beyond 1.5 years).
Additional Recommendations
Emergency Fund: Ensure you have at least Rs. 12-15L as an emergency fund before investing aggressively.
Health Insurance: Upgrade your health insurance to cover unforeseen medical expenses post-retirement.
Tax Planning: Maximise benefits under Section 80C through ELSS, PPF, or EPF. Use other tax-saving instruments as applicable.
Avoid Overexposure to Stocks: Direct stock investments are riskier unless you have expertise. Stick to diversified mutual funds.
Final Insights
For 1.5 years, focus on low-risk investments like debt funds and FDs.
Extend equity investments for at least 5 years to see meaningful growth.
Balance risk and returns by diversifying across asset classes.
Regularly review your portfolio and adjust based on retirement needs.
For personalised planning, connect with a Certified Financial Planner to align investments with your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

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