I had 13-14 credit cards, but now I have none

The Akhtars are ready to do what it takes to put their finances in order

Difficult times helped Dr Nasim Akhtar, a neurosurgeon based in Kolkata, sharpen his financial perspective. In 2006-07, he was managing his family’s construction business as well as practising medicine. In 2012, he suffered from a heart attack and recovery took almost nine months. Nasim was worried about his family— wife Parveen Akhtar, 42; elder daughter Sidra, who is 18 now; and younger daughter 12-yearold Rubain. “I am a spendthrift. When our second child was born, I realised that I won’t be able to save for her on my own,” he said. This is when he took the help of financial planner Uttam Kumar Sen.

Sen’s questions about plans and goals helped Parveen and Nasim narrow down what they wanted from their money. Their main long-term plans were their daughters’ education and retirement. But to be able to effectively plan for these, some short-term adjustments were needed.

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