When asked in the pre-nursery grade, every day you get a new answer from your kid. Sometimes doctor, sometimes pilot, even ice cream seller!!! Their replies may startle you, leave you laughing your heart out. But you don’t go by their decree. You know that soon they will find their way and will take off to fly high and hence you start preparing as soon as they are born. Wise parents know that the best time to plan finance for the future of their kids is the present time.
Planning today for your kid’s tomorrow is not easy. With the rising graph of education expenses, you need to make an estimate of the cost when your kid attains that age. Also, you need to keep in account the probable cost of ancillary expenses such as, gadgets, books and periodicals, monthly maintenance etc. And what if they make mind to study abroad?
The sooner you start, the better off you are. But ending up buying a common Child Plan would be a disaster. Broaden your focus and plan right so that your child can fulfill their dream. Seeman Fiintouch LLP is here to guide you on the right path.