Finwise Personal Finance Services LLP is an AMFI-registered mutual fund distributor. This website finwise.in (and the contact details given on this website) are of Finwise Personal Finance Services LLP. We do not, directly or indirectly, provide any form of financial assistance, lending services, or loan facilitation. We are not affiliated with, nor do we endorse, any digital platforms or applications—specifically including but not limited to “FinWise: Financial Assistant” or the website <fin-wise.co>—that purport to offer such services. Any unauthorized use of our trademark ‘FINWISE’ by third parties is expressly disclaimed and is currently subject to legal action. Users are advised to exercise due caution and verify authenticity before engaging with any financial service provider.

Saving for kids’ goals, no child’s play!

For a parent, if there is one thing that is paramount in her life and gives her the utmost happiness, it is ensuring that her children are given every opportunity to blossom into well rounded human beings, confident and capable of taking on the world. Sadly, there is usually a gap between desire and action, and most parents wake up to the task of planning for their children’s basic and higher education when there is not much time left.

 

Schools don’t prepare the children to handle finances and most families do not discuss money matters with their children, even in tehir teens. As a result, in many cases, they grow up with a large sense of entitlement, never realising the effort, planning and sacrifices which went into building enough wealth to fulfil their dreams.

 

So, apart from investing mindfully for them , it is a great idea to involve your children early in the personal finance journey. When we interact with customers, we often see how one could have benefitted by avoiding a few traps or being more conscious of the decisions made and we enumerate them here.

 

Pl read more in our latest article, published on Moneycontrol.com

 

https://www.moneycontrol.com/news/business/personal-finance/saving-for-kids-goals-no-childs-play-4683281.html

 

Image credit: Moneycontrol

 

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families plan for their financial goals, follow their passions and achieve financial independence.

To receive our articles through email, pl subscribe here.

For advice, please reach us at getfinwise@finwise.in or +91 9870702277/9820818007.

 

Leave a Reply

Your email address will not be published. Required fields are marked *