Ten tips to build money for your children

As an investment consultant, it is always a pleasure to meet a new parent. The father and mother are more than eager to set aside money for child's future even if they had not done it for decades!

In the current environment, it is not enough if you just keep adding a few thousands to your bank balance. Unlike many other expenses, educational expenditure has been growing at a rapid pace. What has also added to the cost element of growing number of choices for the student community, which are no more restricted to place of birth.

Hence, parents have to take into account the magnitude of options while planning for the child's future. Here are ten tips to build money for your young one's future.

Text: Srikala Bhashyam

Images: Getty

Also see: Child plans: An ideal investment option for your child?