All You Need to Know About Children Future Solutions
Written on Saturday, November 25, 2017
By Mitali Sharma
We all are well aware that nowadays the cost of living is exorbitant. You can't be impromptu if you wish to protect the future of your child by ensuring that always there will be adequate money to meet their educational, marriage and other essential expenses.
It is admirable that in India education sector is booming remarkably. Today, you can nurture the future prospects of your kids by providing them access to Tier-1 or Tier-2 colleges or universities, wherein there are better teachers, advanced amenities, a variety of educational courses and much more. But all these are available at a hefty cost that is inflating year after year. At an average running inflation rate of 10%, a four-year engineering course that costs Rs 8 lakh today is likely to set you back by Rs 17 lakh in another eight years' time.
So don't you want to be 100% financially prepared to support your little big shot in the best possible way?
Exactly this where you need Children's Future Solution.
It is about making your child's future financially secured by maintaining a systematic approach that covers the following aspects:
1. Proactively understanding your child's future financial needs
2. Defining financial goals around it
3. Identifying the investment routes to achieve those goals
4. Making regular investments in accordance with the plan
5. Identifying the possible crisis that may occur
6. Finding solutions to manage that crisis
Who Needs Children Future Solutions?
1. Any parent who is still practicing random savings and yet to become regular in their investments targeting child's future.
2. Any parent who desires to keep their children's future protected from the unforeseen life emergencies and wants to ensure that whether they are there or not, the child's future will not face any setback because of financial crises.
3. Any parent, who wants to provide their children a strong financial support so that they can get the right education from reputed universities, pursue their entrepreneurial dreams or enjoy a grand wedding.
Why Should You Go For Children's Future Solutions?
Parents have a long list of wishes for their children
a. Education from good colleges
b. Higher degrees from abroad
c. Entrepreneurial ventures
d. Lucarative careers
e. A grand wedding
f. A wealthy legacy to pass on
g. Financial support in face of life emergencies. etc
You require Children Future Solution so that without a miss you can be financially prepared to fulfill your long list of wishes for their children
When Should You Go For Children's Future Solution?
The answer is As Early As You Can. You may argue that she has just started to walk or he is just in pre-school, but if you think these moments are too early to start investing for your child's future, then think again. When it comes to investing there is nothing like too early but yes, there is something like too late. An early start gives your money the power of compounding and the enough time to grow.