How to save money for children's future in India: One of the major financial goals for any individual is building wealth for his or her child's future. However important this might be, people tend to make mistakes and end up not getting the desired results out of the investments they made for children's education or marriage. Here's how to get it right:
1) Take inflation into account
The corpus for wedding or education needed today is unlikely to remain same after 10 or 20 years. Remember, inflation eats into your salary every passing day of the week. Hence, keep inflation factor in mind while calculating funds you would like to accumulate for child’s higher education or wedding.