Child Future Planning is a Financial Planning to protect the future of your child. This Future Planning gives them higher education, daily expenses, achieve their goals, marriage and financially well settle in future.
Need of Child Future Financial Planning:
The birth of a child is one of the best moment in one’s life. It brings responsibility, priority and future plan for their child. Every Parent always wishes the best for their children. When it comes to children’s future, no one wants to compromise from giving their children best education to achieve their goal. It requires proper planning to secure the future of your child and facilitate every stage of their lives. Therefore, it is always good to have a Financial Planning for a child. Future Planning should begin with investment at early years of child’s schooling and should finally target to higher education and marriage.
There are some investment schemes options for your child’s future, such as:
– Equity Mutual Funds
– Invest in Gold
– Sukanya Samruddhi Scheme