It is never to late to begin thinking about expenses for your child when they grow up. Heck, you can even start thinking about it as soon as you have a baby in your belly. There's no harm in planning ahead or planning in advance. Planning will only serve as a benefit if you start early, not when your kid is about to head off to college in 2 weeks time.
More often than not, when we talk about our 'child's future', it is often for their higher education. Rarely do we think about, say, saving for a Porche on their 16th birthday or an all-expenses-paid trip to Europe after graduation. Nope. Well, some would but for most of us, it will be "how much to I need in 20 years' time for my kid to get into said university?". You know, a very basic need.
So, indeed - how do we save or invest for our children's future? There are many many ways in which you can do so, you will just have to identify the right kind of investment or savings vehicle that will work best for you. You could start by saving the conventional (and possibly, the safest way yet) method by setting up a savings account and putting aside some cash on a monthly basis.
Or perhaps, looking at how investing for your children involves such a long time-frame, you can afford to take some risks in buying shares from the stock market, or buy gold coins, for instance. Consider even property investment if you have the means to come up with the downpayment (and all incidental costs).
There are many many options out there these days. Many books you can read. Parents are more well-equipped these days because we are after all, living in the age of information, aren't we? Some of us are probably in the business of financial planning. So, it's not difficult to find a single investment mechanism, it's a matter of actually doing it - because it is understandably so tempting to just spend the money now, especially if you have very young kids.
Don't wait, time waits for no man (or woman). However which way you invest, it is still investing.
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