If there is one thing no parent wants to compromise, it is their children’s education. The parents would do anything to provide the best education to their children. Of course, not everything is under their control. At the same time, they would want to be prepared financially. How do you prepare financially for children’s education? Easy. By investing. When should you … [Read more...] about Saving for Children’s education: When should you start?
PPF account for children
I had a discussion with a friend a couple of weeks back about investment in PPF account. We discussed how investment in PPF account was capped at Rs 1.5 lacs per account. If you are married, you could invest Rs 3 lacs per annum (Rs 1.5 lacs in your account and Rs 1.5 lacs in your spouse’s account). You can’t breach the limit of Rs 3 lacs even if you have kids since the … [Read more...] about How You and Your spouse can invest more than Rs 1.5 lacs in PPF accounts?
In one of earlier posts, we had pointed out how you can use your Public Provident Fund (PPF) investments to work as an excellent pension tool. PPF maturity and extension rules lend immense flexibility to the investors. However, a PPF account can be much more than a retirement savings and pension tool. Given the flexibility and tax benefits PPF investments enjoy, PPF is a great … [Read more...] about Why you should open PPF account for your children?