• India CSR Awards 2025
  • Guest Posts
Sunday, June 15, 2025
  • Login
India CSR
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
India CSR
No Result
View All Result
Home More

Managing Family Finance When Members Earning Have No Time For Caring

India CSR by India CSR
in More
Reading Time: 3 mins read
Share Share Share Share

By Brijesh Parnami

Managing family finances is an essential part of one’s life.  It is not enough if you are just earning, but it is essential to know how that money that you earn is managed.  Managing your money could mean various things.  These include saving for any specific purpose such as travel, marriage and the like, investing to create asset for the future, living within your means, plan to pay off your debts etc.  But whatever be the reason, it all involves proper planning and execution.

Brijesh_Parnami
Brijesh Parnami is the CEO at Destimoney Advisors

When all the family members are earning, it becomes a tricky to manage the funds efficiently.  Individually, the earning members may have certain priorities, likes and dislikes.  Because it is the money that they earned, they would surely want to have a say on how that money is utilised.

 At the same time, it might be necessary for everyone to share the burden of the family expenses.  It is therefore best that managing family expenses in such an environment is approached with adequate care.  Let us explore some points that could help us manage family finance better.

Common understanding of the complete family financial situation:

The foremost is for all to have a common understanding of financial situation of the family. This will include the home loan payments, children education payments, other monthly payments such as telephone etc. and household expenses.  The total expenses should be matched against the total income that is earned.

Making one person in-charge of managing the family finances

In the Indian context, it is usually the head of the family who entrusts himself with the responsibility.  Alternatively, it could also be the person who is earning the highest income.  It helps to keep one person in-charge as then the financial planning exercise can be properly coordinated.

Allocating funds for major expenses

Next in the order comes, allocating funds for major family expenses such as loan installments, education fees, insurance payments etc.  It is a healthy practice to ensure that all earning members of the family are made to contribute towards these expenses. This fosters healthy family bonding and instils a sense of responsibility in everyone towards joint family expenses.

Understanding individual priorities, But Save before spending:

The next step is to understand individual priorities of the members of the family – both earning and not earning. Understanding priorities means, what the essential personal expenses that they want to incur for themselves. While understanding this is necessary, all members should be educated on the importance of some essential savings to be done, before the money is spent.  Everyone should be told that some amount of money, must be first saved and then they can spend on their personal expenses.  So emphasis on minimum saving amount, ensures that all the money earned is not squandered.

Follow common rules on spending

When it comes to spending, it may be useful to get into some common understanding on how the money should be spent. It is always good not to blow up the hard earned money on things that offer instant gratification such as new branded clothes, that new book on the rack etc.  Some amount of thought as to how important each expense is, must go in before a decision to spend that money is taken. It is the responsibility of the head of the family to educate the other family members on this issue.

The above steps would help in family expenses being managed in a smooth manner.

[Brijesh Parnami is the CEO at Destimoney Advisors]

(IndiaCSR is renowned and  No.1 news portal in the domain of CSR, which is live since 2009. www.indiacsr.in  is for you and your organization. Kindly support and promote  it. We welcome reactions to stories, comments on issues that interest you, feedback & comments from your side to make it more purposeful and resourceful, we will carry it in our portal. Please send us your valuable feedback, suggestions and news, press releases, articles and contributions at editor@indiacsrnetwork.com. You can find updates at Facebook  IndiaCSR News Network )


India CSR offers strategic corporate outreach opportunities to amplify your brand’s CSR, Sustainability, and ESG success stories.

📩 Contact us at: biz@indiacsr.in

Let’s collaborate to amplify your brand’s impact in the CSR and ESG ecosystem.

ADVERTISEMENT
India CSR

India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

Related Posts

India’s Veteran journalist Vinod Dua passes away
More

India’s Veteran journalist Vinod Dua passes away

4 years ago
0
India CSR
More

Republic or Democratic?

4 years ago
0
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

How can we conserve water amidst the Coronavirus crisis?

5 years ago
0
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

Toyota Kirloskar Motor temporarily halts production at its Plant in Bidadi, Karnataka

5 years ago
0
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

Govt. seeks public comments on Corporate Social Responsibility Policy (CSR) Amendment Rules, 2020

5 years ago
0
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

Govt to amend CSR rules under companies law, invites public comments

5 years ago
0
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

MCA sanctions Prosecution in 366 cases given in violation of CSR Provisions

5 years ago
0
More

Schindler India launches an additional employee assistance program

5 years ago
0
More

NMDC Committed to fight COVID 19 for a safe and healthy India

5 years ago
0
Load More
Next Post

Mobile to Enhance Lives of Farmers, Says Vodafone Connected Farming Report

Vedanta Wins 1st Prize at Green Manufacturing Excellence Award

Leave a Reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

India CSR Awards India CSR Awards India CSR Awards
ADVERTISEMENT

LATEST NEWS

CSR: Avaada Foundation Boosts Healthcare in Kathua, J&K with Ambulance Donation

Father’s Day: Dettol Highlights Role of Dads with #DadsCanToo Initiative

Little Pepe (LILPEPE) Presale Goes Viral Fast, Raising $200,000 Before Day One Ends

CSR: Foxhog Ventures to Invest $3.5M in IIT Kanpur Startups

CSR: Ambuja Cements Honours Emerging Sports Stars at ITI Darlaghat

Air India Ahmedabad Plane Crash: 15 Shocking Facts and Official Statements You Need to Know

HZL HZL HZL
ADVERTISEMENT

TOP NEWS

IREDA Share Price History: From IPO to 2025 – A Detailed Analysis

CSR: Hinduja Foundation, Dr. Mane Foundation to Offer Free Cancer Screenings in Shirdi

CSR: Foxhog Ventures to Invest $3.5M in IIT Kanpur Startups

आत्मनिर्भर रक्षा का नवयुग: प्रधानमंत्री मोदी के नेतृत्व में 11 वर्षों की गौरवशाली यात्रा – राधा मोहन सिंह

Tata Steel CSR Spending Report of Rs 584.61 Cr for FY25

CSR: BGSW Unveils Accessible Resource Center to Empower Visually Impaired Students

Load More

Advertisement

Image Slider
content writing services Guest Post Top 5 Reasons to have Sponsored Posts at India CSR – India’s Largest CSR Media stem learning R2V2 Technologies Private Limited

Interviews

Himanshu Nivsarkar, Senior Executive Vice President and Head of CSR & ESG at Kotak Mahindra Bank
Interviews

Driving Sustainable Impact: An Interview with Himanshu Nivsarkar, Kotak Mahindra Bank

by India CSR
May 22, 2025
0

By Rusen Kumar NEW DELHI (India CSR): Himanshu Nivsarkar, Senior Executive Vice President and Head of CSR & ESG at Kotak...

Read moreDetails
Balamurugan Thevar, CSR Head at Shriram Finance

Empowering Women Drivers: An Interview with Balamurugan Thevar, CSR Head at Shriram Finance

May 20, 2025
0
N E Sridhar, the Chief Sustainability Officer at Titan Company Ltd.

Empowering Rural Craft Entrepreneurs: An Interview with N E Sridhar, Titan Company

May 15, 2025
0
Geetaj Channana, the Head of Corporate Strategy at Vivo India

Empowering Young Innovators Across India: An Interview with Geetaj Channana, the Head of Corporate Strategy at Vivo India

April 25, 2025
0
Load More
Facebook Twitter Youtube LinkedIn Instagram
India CSR Logo

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium services, we invite you to partner with us.

Follow us on social media:


Dear Valued Reader

India CSR is a free media platform that provides up-to-date information on CSR, Sustainability, ESG, and SDGs. They need reader support to continue delivering honest news. Donations of any amount are appreciated.

Help save India CSR.

Donate Now

donate at indiacsr

  • About India CSR
  • Team
  • India CSR Awards 2025
  • Partnership
  • Guest Posts
  • Services
  • Content Writing Services
  • Business Information
  • Contact
  • Privacy Policy
  • Terms of Use
  • Donate

Copyright © 2025 - India CSR | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers

Copyright © 2025 - India CSR | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.