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Saving and investing money becomes easier for parents when they have a goal in mind. One of the most important goals for parents is their children's education. It is one of the largest cash outflows to consider for a family, and with the expense of schooling in India rising rapidly, it could be a concern for most parents.
What is the education inflation rate?
The education inflation rate is a measure of how quickly educational costs have risen over time. InMORE
If you are one of the principal providers of your family's income, it comes with the duty of ensuring that this income is sustained for your family even when you might not be around. For your dependants to suddenly take over when you are no more around, could be very overwhelming, and so having a plan to ensure they don;t stress more is of high importance.
It is noticed that working professionals invest in aMORE
A Child Insurance policy protects your child's dreams while also providing you with the financial support you need to help them achieve their dreams. As a parent, your foremost duty is to see that all of your child's needs are addressed. If your child dreams of being a doctor, a pilot, or perhaps a musician, he/she should never have to divert from their dream due to the lack of finances. So, as a parent do you have sufficient funds to support your child’s dreams and ambitions?
“Early bird gets the worm first.”
When it comes to investments, this adage rings true. It's simple: the sooner you invest, the longer you have to stay involved, and the more likely you are to maximize your returns. Most people in their early twenties, on the other hand, do not consider retirement. It's critical to take control of your retirement planning and get started as soon as possible.
The term "retirement"MORE