Save money for children’s future: According to financial experts, people should make long-term investments to secure children’s future. In such a situation, most people consider investing money in property as a better option, but let us tell you more ways.
How to save money for children’s future: In this era of rising inflation, people are worried about their future. People have started looking for savings and other plans according to the future. People are considering different avenues of investment. In such a situation, we have brought you the methods related to financial planning. So that people can secure the future of their children.
Should invest long term
According to financial experts, one should make long-term investments to secure the future of children. In such a situation, most people consider investing money in property as a better option, but let us tell you more ways.
Set your goals
According to experts, you have to set your goals first. For example, if you want to send your son abroad for higher studies, set a target for it now and save accordingly. You add the figure of fees according to now and according to the rising rate of inflation, estimate how much money you will need by that time. It will be easier for you to save if you know a fixed price for saving.
Read More: Tax Savings Plan: Do this immediately after pricing, it will save you tax.
Where to invest?
If general consumer inflation is growing at about 8 percent, then education inflation is growing at about 10 percent. In such a situation, you will need such an investment option, which can give returns equal to or more than this inflation rate. You can invest the entire investment in equities. Here you are expected to get better returns.
don’t be a burden to anyone
If the amount of investment feels like too much, there is a way to do it. Actually, usually, the cost of houses becomes a burden on a person. You avoid it. At home parents, grandparents, uncles, aunts, etc all plan for it and save a small amount of their wish for the education fund every month. This will make it easier to save a good amount.
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