All parents desire to see their children performing the best in whatever they undertake in life. We wish that they have a secured, happy and purposeful life. But, what is our contribution in it? As parents, we must provide our children with a secure financial future in their growing years, so they do not face any troubles in starting their independent life.

The future is unpredictable, so parents must start saving the earliest possible. You may not be certain about what the child wishes to pursue, your child may go to a college in the country or may wish to pursue higher education abroad. In such cases, you must be well prepared so that your child’s ambitions do not suffer because of lack of funds. Medical expenses can crop up out of the blue and leave you with the dent in your bank balance. In India, parents also pay off for their offspring’s marriage. So, one has to start safe investment like money market funds and savings account quite early off. You can move on risky investments like real estate and stock market if you are experienced and confident. By your smart financial planning, the child can go on to achieve whatever he desires in life.