GOAL PLANNING (FINANCIAL)

WHY DO WE NEED TO PLAN  FOR CHILD HIGHER EDUCATION?

Every parent dreams that their child provides a better standard of life than what they have struggled for. But Funding higher education is becoming costlier day by day due to inflation in the cost of education. 

In some case, it is seen that parents take a higher amount of loans to afford the cost of higher education for their children which cause a financial crunch closer to retirement, due to the load of a bigger EMI.

• MBA : Cost (2020) 28 Lakh, (2035) 116.91Lakh             
• ENGINEERING: (2020) 9.5 Lakh, (2035) 39.6 Lakh       
• MEDICAL: (2020) 64.4 Lakh, (2035) 2.69 Crore  
• OTHERS DISCIPLINE: There is a high cost with rapid growth in un-noticed fields studies such as AVIATION, LAW, CA/CS/CMA, MASS-COMMUNICATION, ARCHITECT, NENO-TECH etc. which has a good scope of placement in countries like growing economy India and abroad with an attractive package. 

STUDY ABROAD

Studying abroad in advanced countries like the USA, UK, AUSTRALIA, CANADA etc., remains the dream child and for parents as well, which is enormous cost head. However, in the present day, with the advancement of technologies and financial institutions with a possible education loan brings hope, but with the support of margin money. 

Regular and long term Investments can bring this goal closer due to the power of compounding interest, even if a small amount is invested with proper asset allocation & diversification across investments and insurance schemes.

Investors should stay focused and invested when the investment horizon is long in tenor. 

Our more comprehensive range of financial distribution network enables us to present various types of schemes from INSURANCE and INVESTMENTS offered by multiple companies.   

Children Insurance schemes are contracted, which secures future education fund in case of death of the proposer, as the child plans are available with premium to waver and death benefits that cover the proposer in case of death.

Children Insurance is a policy available with disciplined payment in scheduled intervals that funds such time as admission for higher education, colleges fee, etc. 

Investment has been learned in childhood through Peggy banks for future use of self and family.

Being a parent, do we follow the same? There is a need for piggybank/Investment to secure their desires for tomorrow.  

The objective of every investment is to maximize the principle. Some Investment gives satisfaction and joy of investing, such as achievement of affording higher education of the child.

Starting investment early can lead to achieving this goal due to the compounding effect of interest growth. 

Regular investment such as SIP (Systematic Investment Plan) and LUMSUM with TOP-UP  in a diversified portfolio can accumulate the corpus.  

Most parents start investing for their children in one form or the other. It may be un-noticed that parents keep on spending for their child monthly some amount, be it in the form of their birthday, children's day, events, religious festivals, If planned in good terms the monthly expenditure which we make for our children in the form of gifts can exceed in hundreds, and a year to thousands until the period till they reached a certain age the figure double to lakhs.  The sooner you start investing, the more extensive corpus and compounding effect.  However, large corpora are not built in a day. It requires discipline and patience. If you diligently invest a portion of your income every month, you can create a sizeable portfolio in a few years. For example, even a modest investment of Rs 3,000 a month in a plant that grows at 12% annually would increase to Rs 2.18 lakh in three years. In five years, it would grow to Rs 4.12 lakh. 

The best time to top up in the Child's portfolio is,

1. BIRTHDAY (Childs)
2. CHILDREN'S DAY
3. CHILDREN OCCASION FESTIVALS 

Can't they handle it? Perhaps, perhaps not. The main aim is to ensure your retirement savings are not affected by their wedding expenses. Of course, inflation is one thing we cannot plan for, but we certainly can start early, invest enough and aggressively.

1. Always maintain an adequate insurance cover to cater to the expenses of your children(such as marriage or pursuing higher education ), which may arise after your unfortunate demise. 
2. Begin the process of saving and investing early. This will enable you to create an adequate corpus to fulfil your children's desires and ambitions. This is the ultimate advice for looking for the best investment plan for your daughter's marriage.      

Running a holiday sale or weekly special? Definitely promote it here to get customers excited about getting a sweet deal.

Vacations are a time to  enjoy and spend quality time with your loved ones, and however at the time when we plan our finances, we often miss setting a budget for our vacations, which often disbalances our standard financial plan, 

Many people, who don’t preplan a budget for their vacations, often depend on loans or credit cards. When they go on holiday,

Well, it is far better to save and spend rather than accumulate debt to fund your desires. However, vacations are also necessary, at least once a year, and people do need to get financially prepared for that; this can be done only when you preplan a budget for your vacation. Here are some guidelines that will help you to prepare financially for your holidays:

Running a holiday sale or weekly special? Definitely promote it here to get customers excited about getting a sweet deal.

Customers have questions, you have answers. Display the most frequently asked questions, so everybody benefits.

1.  Longer life-spans mean longer retirement.
2. Joint families giving way to nuclear families.

• Plan  for more than you may need
• Senior citizen saving scheme
• Monthly income scheme at post office

1. MUTUAL FUND
2. POSTAL SCHEMES
3. INSURANCE
4. NATIONAL PENSION SCHEME(NPS)

Customers have questions, you have answers. Display the most frequently asked questions, so everybody benefits.

Doing well with money isn't necessarily about what you know. Its about how you behave .And behaviors is hard to teach, even to really smart people. Money investing, personal finance, and business decisions is typically taught as a math based field, where data and formula tell us exactly what to do.

But in the real world people don't make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.

• PROTECT
• ENSURE THE WEALTH

Wealth creation process will be effective if  planned early. Starting investing during the early stages of life will give a head start for achieving goals it also helps in generating higher growth in the long term .This is due to the power of  ???  Building wealth requires knowledge and skills.

Have you opened a new location, redesigned your shop, or added a new product or service? Don't keep it to yourself, let folks know.

• EQUITIES
• REAL ESTATE
• BONDS & SECURITIES
• WEALTH PROTECTION