A grand wedding for children is the dream of every parent. To gift your child a grand wedding, you must consider your children marriage as a financial goal and should start saving and investing towards it from today itself. Dr. Funds endeavour is to help u plan your Child’s Marriage in a way so that u can relax and enjoy the D DAY of your child.
Looking at mounting inflation if you keep on delaying the savings part then you could be in a major mess later. Looking at some societal obligations which in turn affect the personal goals achievement we hereby suggest some tips which can be helpful in achieving the goals comfortably in your own way.
Start saving with a proper asset allocation: You should be clear on the money value of your goals before starting any saving. Goal value should be inflation-adjusted.
Try to use only those instruments which provide tax efficient returns like Mutual Funds.
This is custom heading to get started there are some points to boost your child marriage financials
• Calculate future goal after adjusting inflation.
• Start investing as early as possible.
• Choose the Right Plan.
• Follow Proper Asset allocation to get desired result.
• Invest Smart to get Best Returns.
• Plan for contingencies.
Self-Marriage planning
If you are planning to get married soon, you must start paying attention to your finances. Marriage is not just about figuring out a life between you and your spouse, but also about shouldering responsibilities for both your families. If you have recently started earning and want to save for your marriage, which is more than five years away, you can still prepare a plan and save towards your goal.
To get Started there are some points to boost your pre-marriage financial health-
• Have a Marriage Budget.
• Plan your Investments.
• Develop a habit of saving.
• Make all arrangements and bookings well in advance.
• Consider getting debt free before tying a knot.
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