ARTICLES

One father is more than a hundred schoolmasters. - George Herbert

He summed up the father’s role in 8 effective words.

Every year we celebrate Father's day on the third Sunday in June to celebrate fatherhood. A father is the pillar of the family and, in many cases, the financial provider too. While a mother nurtures and raises the child, it’s the father that instils important life lessons and financial discipline. The father shows strictness, discipline and strength and gives the child the life values needed to grow and lead a good life.

Every Father’s Day, children buy gifts for their fathers to show how much they love them. While gifts, cakes, chocolates, and flowers are good, fathers are truly happy when they see that their children embody the values that they taught them. 

Learnings:

 Be Strong in every situation of life.

This one is a no brainer. A father is the strength of the family. This strength is not only financial but mental and emotional too. A father holds the family together and provides for them. Carrying your family through tough times shows his tremendous strength. 

Be disciplined.

The words 'discipline' and 'father' look like natural connections. Here discipline is not in terms of punishment every time, but inculcating the principles and values in children by being strict with them. This discipline helps you grow up to be a good and ethical individual who can lead by example. 

Be responsible.

The responsibility for the financial wellness of the family usually rests squarely on the father’s shoulders even when mothers are also working women. They take up the mantle of keeping their families comfortable. This lesson in responsibility also trickles down to children as fathers teach children to take up the responsibility for their actions and also their lives.

Be financially savvy.

Fathers teach children the importance of maintaining financial harmony. Starting with allowances and pocket money, fathers always teach us the importance and value of money. Being accountable for your spending and always checking your affordability before spending on anything are the two main lessons we learn from him.

Helping hands are better than Praying Lips - Mother Teresa

Wise words said by Mother Teresa very well relate to being a helping hand for the father. This Father’s Day, instead of looking for a perfect gift for your father, help him with digital awareness, advanced functionalities of Fintech platforms, portfolio review and discussions etc are important points you can look at. This will be the best gift for your father, this father's day.

Be a helping hand for him in learning new technologies

This is the digital era where financial transactions have gone online. Your father might find it challenging to understand and use the digital modes of transactions. If he does, go to his aid. Teach him how to transact online so that he can keep pace with the changing financial dynamics and become self-sufficient. 

Make sure he has enough health insurance coverage

Health insurance coverage is essential, especially when your parents get old. So, check the existing coverage that your father might have. If it is sufficient, it’s fine. If not, help your father supplement the coverage for better protection. On the other hand, if your father does not have a health plan at all, buy health insurance coverage for him.

Have healthy discussions on new financial products

The fintech domain is innovating and expanding every day. Having healthy discussions on new financial products boosts his financial awareness. Help him in reviewing his portfolio and make sure it should be enough to meet his retirement goals.

Dad: A son’s first hero, a daughter’s first love.

If you lead your life using the values that your father taught you, you would not only have a stable life, but you would also make your father proud. A proud father is a happy father as he knows that his responsibility of bringing up his children was fulfilled. There is no better gift that you can give your father than this feeling of pride and happiness.

So, this time, shuffle things around. Rather than buying your father gifts, take the values that he has taught, inculcate them and show him that you are a responsible and stable individual. 

So, take some and give some and make this Father’s Day a memorable one for you and your father.