The first step towards family and personal finance planning is to understand the financial situation. Because I live in India it's equally important to understand my CIBIL score too.

Bank account:
Opened a google sheet and started to enter the bank accounts with account numbers we had and then check if we had any internet banking enabled. To my surprise everyone had more than two bank accounts and had no purpose to hold. I then checked that these were paying very low interest for the savings.

It took few hours to sit with my parents and list down what are loans my family had and how much we were paying interest every month. Also it made sense to list down what are the future big functions we anticipate.

Being a middle class, salary was the only source of income we had. I wish we had multiple source of income like rent, interest, mutual fund and FD etc.
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