10 Money Mistakes New Parents Make
Overlooking Education Savings
The early you start saving for your child's savings the better it is. Because for a parent a child?s education is an overbearing concern. The first step in the process is to set goals i.e. decide on the various events in your child's life. Suppose paying for an MBA degree from a reputed institute entails spending Rs 300,000 at present. Assuming that your child is 3 years of age at present and will be 20 years old when he enters the business school, this gives you a time span of 17 years to save enough.
