Plan to support your child's aspirations

As parents, one thing that you would want for your child is for him/her to get the best of everything in life.

- D.P. Singh

The environment that kids are exposed to today is drastically different to what you experienced in your childhood. While there are many more opportunities for kids these days, the world is also getting that much more competitive and fiercer, be it in education or sports. That’s why you would want holistic development for your child so that he/she is prepared for every future challenge. Traditionally, you as a parent would only end up planning for your child’s education. Given the kind of exposure that children get today, they are likely to explore unconventional career paths and aspire to become a coder, a gamer, an artist, an entrepreneur at a young age or make a career in sports. All these unconventional career paths do not yield immediate and regular income and thus need better financial planning at parents’ end.