10 Smart Actions Every Indian Parents Should Take, Once Their Baby Is Born.

No comments
10 Smart Actions Every Indian Parents Should Take, Once Their Baby Is Born.


3. Start a Recurring deposit for upcoming school expenses
According to a survey conducted in 3 cities in India, one of the common point most of the participants agreed on is that school expenses on a yearly basis are in the range of Rs 50,000 to Rs 1 lac per year. Even the pre-schools are costing a bomb now, which can range anywhere from Rs 25,000 to 2 lacs per year.

As these expenses will arrive in next 2-3 yrs, it’s important to make sure you are ready to arrange the money for this. The simplest way to plan for this short term goal is to either open a Recurring deposit in your bank or start an SIP in a debt fund. As an example, suppose the expenses are going to be Rs 45,000 and if you have 30 months in hand. You can just open an Rs 1,500 RD and when it matures after 30 months, you will have that money with you.

Follow us for more tips.......

No comments :

Post a Comment