finchikitsak

Whether you`re just starting a family, adding to it, or thinking about the future, it`s never too soon to set financial goals because they keep you focused on the end goals, help you measure and manage your progress, keep you on track and help identify adjustments to make. Many financial planners will tell you that when you`re setting your goals and creating your plan, you should save for a rainy day or emergency, retirement and college expenses. Experts also recommend including your kids in financial planning and encouraging them to set their own financial goals too. Protect Your Family’s Financial Future Don’t have a will? Get one. Use online programs or visit a local attorney to name your child(ren)’s guardian, set up financial plans and allocate the age for payouts, savings, and investment distributions. And if your employer offers a flexible spending account (FSA) to help cover the cost of childcare, take advantage of it. Most states allow you to use these pre-ta...

All new-borns are given a number of vaccines to protect them against a number of diseases. We at FinChikitsak, also suggest that you consider taking financial vaccines to ensure your child has a comfortable future and you leave no stones unturned for his / her education, marriage or any other requirements. Since the time I had gone to school, that was back in 1960s, the cost of education has risen at an unforeseeable rate. The cost of education is increasing at a much faster rate than the inflation seen in consumer Price Index (CPI). Ask any parent and you would know that the amount spent on child’s education is very significant in the current scenarios as schools have become commercial, there are so many pressures on the child that taking tuitions is unavoidable and on and on. These expenses rise further when the child goes to college especially one with hostel accommodation. While children are told to start preparing from IIT / Medical / Law right from 5 th  or ...