Children#39;s Day Special | Plan your child#39;s financial future
As India celebrates Children’s Day on November 14, it would be a good time to start securing your child’s financial future. Planning now for future educational costs or even wedding costs will give your children the freedom to follow their dreams.
To help you navigate through these concerns Moneycontrol’s Sakshi Batra speaks to Tanwir Alam, Founder & CEO of Fincart.com, who outlines how parents should plan their child’s financial future.
Alam discusses what the right time would be to begin investing especially since the cost of education rises fast. He also breaks down what options or investment instruments would be most suitable depending on your child’s future requirements or goals. And how initiating children in the process by inculcating financial literacy, encouraging savings, teaching budgeting etc. would be beneficial.
Watch the video to know more in detail.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.