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Learn why financial planning is critical for your child

This article on HeroFinCorp emphasizes the significance of financial planning for a child's future. It outlines the benefits of starting early, such as building a secure financial foundation and ensuring long-term financial stability. The article also provides insights on how to begin planning, including strategies for setting realistic goals, creating a budget, and investing in education and other long-term savings plans.<br><br><br><br>

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Learn why financial planning is critical for your child

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  1. Importance Of Financial Planning For Your Child

  2. Why Do You Need To Save For Your Children? You can achieve your financial objectives. You can save your child from a financial crisis caused by an unfortunate event.

  3. 01 02 • Financial Planning Advantages 02 It assists in the accumulation of corpus for the future. You have the freedom to allocate funds to your child's education and other expenses.

  4. How To Do Financial Planning?

  5. Be Specific About Targets Be clear about your goals for saving for your children.

  6. 01 02 • Obtain Insurance 03 Purchase a child-specific insurance policy. Get a term plan with coverage of 10-20 times your annual income.

  7. Open kids Account Open an account and park funds for emergency

  8. Financial Literacy Teach your child how to manage funds.

  9. Top Investment Scheme For Your Child You may invest in PPF, NPS, ELSS, and ULIP.

  10. Financial planning for your child is critical. You can help your children achieve their goals by using the advice provided above.

  11. Thanks • Would Love to hear from you. • Hero FinCorp Limited • 09, Basant Lok, Vasant Vihar, New Delhi - 110057 • Tel: 18001024145 • Email:customer.care@herofincorp.com • Website: https://www.herofincorp.com/ • Learn why financial planning is critical for your child

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