But what about the unsung heroes—the everyday men and women battling EMIs, tax policies, and the siren call of online sales? Their choices don’t make headlines, but they have real, lasting consequences. A family’s financial security, well-being, and future luxuries (like guilt-free dream vacations) hinge on small yet crucial financial decisions made every day.
Take my friend, for example. A few years ago, he proudly took a home loan, imagining himself sipping chai on his future balcony. But fate had other plans. The project got delayed, and without possession, he couldn’t claim the full tax exemption on the interest paid. Over the years, the accumulated interest grew like unwanted belly fat, and now, thanks to revised tax rules, his long-awaited deductions have vanished faster than a free dessert at a wedding buffet. A decision that once seemed like a masterstroke now feels like one of those “terms & conditions” checkboxes we all blindly accept before clicking “Next.”
And then there are those who avoid financial decisions altogether. Some people treat investments and insurance the way they treat gym memberships—always on the to-do list, but never actually done. They say things like "Abhi toh time hai, kar lenge" (There’s still time, I’ll do it later), while inflation silently turns their savings into pocket change. They delay health insurance, assuming they’re invincible, only to be reminded otherwise by one unexpected hospital bill. They procrastinate on investing, missing out on years of compounding—because apparently, waiting is their investment strategy.
Speaking of financial choices, let’s talk about the latest twist in the tax regime. Depending on income levels, individuals could be saving anywhere between ₹25,000 to ₹1.25 lakh under the new system. Now, what happens next? Some will use this to strengthen their finances—clearing debts, investing for the future, or finally getting that much-ignored insurance plan. And then, of course, there will be those who see it as a surprise gift from the government—best spent on the latest gadgets, a quick vacation, or an expensive meal (because, hey, tax-saving money is bonus money, right?).
The beauty of financial decisions is that they don’t always show their impact immediately, but they always shape the future. Just like Mahavir Singh Phogat had to make the tough decision to train his daughters while the entire neighbourhood doubted him, a responsible adult must make financial choices even when the benefits seem far away. Because unlike a Bollywood movie, life doesn’t guarantee a happy ending—unless you plan for it.
The real challenge? These responsible decisions rarely get recognition. No one throws a surprise party when you buy term insurance instead of a big-screen TV. No background music plays when you choose a mutual fund over a stock tip from your neighbour’s cousin’s friend. But over time, these choices add up, creating stability, freedom, and the ultimate reward—peace of mind (and maybe guilt-free splurging on a fancy meal).
Every family has its own Shire (or 2BHK) to protect, its own future to secure. And while you may not have a cape, making smart financial choices is still a heroic act. Because in the end, the right choices don’t just save the day—they save your bank balance.
Ever made a financial decision that felt tough at the time but paid off later? Or one you wish you had taken sooner? Share your story!
Prasad Patwardhan
VittaSiddhi
QPFP®
P. S. Please share this with other unsung heroes.
Very well written article with excellent analogies , Prasad sir
ReplyDeletethank you so much
DeleteInsightful, loved the analogies..
ReplyDeletethank you so much
ReplyDelete