Seeing your child grow is immensely rewarding. However, raising a child today poses unique challenges, and both parents work hard to secure a promising future for their kids.
Investing in a solid financial plan for your child can ease the burden of educational and other essential expenses. Begin your planning as soon as your child enters the world—early investment leads to greater security for their future.
Parents often focus on funding two main milestones: education and marriage. Assess future needs, including not just academics but also extracurricular activities. Encourage your child's talents in sports, arts, and more. Who knows? Your child might shine like Sachin Tendulkar, Sania Mirza, or Arijit Singh.
When calculating future expenses, factor in inflation. The value of ₹10 lakhs today will diminish over the next 10 to 15 years. Comprehensive financial planning is crucial to secure your child's future.