Never miss a story

Get subscribed to our newsletter

Saving an amount means putting it aside for future needs.

Parenthood is not just a state of life but a feeling that you cannot express in words. If you have kids, you want to give them the best life possible. Whether it is education, lifestyle or growth opportunities, you want your kids to have it all. But let’s face it – raising kids the right way in the contemporary world is an expensive affair. The rate of inflation in India also says a lot about parental concerns.

Thinking it’s time to start saving money for your child’s education? Investing the same amount in various instruments, like the best child education plan and others, is a better alternative.

Saving Vs Investing Money Explained

Saving an amount means putting it aside for future needs. It also implies that you want to have money available for later use. You can save money in a low-risk savings account in any of the renowned Indian banks.

On the other hand, investing money means putting it away for future use, but with the intent of earning good returns alongside. In comparison to saving money, investing it in the right instruments can yield higher returns. For your child’s educational needs, typical investment options include the best child education plans, equities, and mutual funds.

Finding a Balance Between Saving and Investing Money for Your Child

Like many Indian parents, you may think there is no difference between saving and investing money, which is not true. These are two different ways to accumulate wealth over a time-period and play different roles in defining your financial strategy. For instance, if your kid is one or two years old, you can easily pay for educational expenses. What’s also important is that you plan for long-term financial needs, like higher education cost and plans to study abroad. It can be done by investing in one of the best child education plans, stocks, or mutual funds.

Your child’s higher education plans will require a large amount of money in ten to fifteen years or more. This need should be backed by an investment-driven strategy that will give you substantial returns over the long term.

In general, you should have enough savings to cover your personal expenses, including rent, loan EMIs, insurance, and child’s school fees. Once you have considered these expenses, you should begin investing money in the best child education plans or other financial instruments.

How to Plan for Your Child’s Education?

The best child education plan is the one in which you regularly contribute to the goal of building your child’s future. You must be prepared to support your child both financially and emotionally. One of the most significant expenses is your child’s higher education fees. Your current lifestyle will also have a substantial impact on the decision you make, whether you want your child to opt for higher education in India or abroad. You need to consider various factors to know how to save or invest for your child’s future. Here’s how you should plan for this long-term goal:

  • Invest in the best child education plan to be financially prepared to fulfill your child’s dream career option.
  • Invest money early in life. It will help you generate more wealth.
  • Invest in the right options based on your child’s education goal. If you also want to plan for the short term needs like school fees, invest accordingly.
  • Do consider the rate of inflation in India.
  • Ask for help from a reputable financial advisor like FinEdge to create a suitable investment strategy for you.

ALSO READ: Amazon Introduces Netflix-Like User Profiles for Prime Video

Both saving money and investing it in the best child education plan are good choices to plan for your child’s future. What’s more important is to understand what’s right for you based on your financial position.

(DISCLAIMER: The pictures used in this article are supplied by the author, NewsGram has no intention of infringing copyrights.)


Photo by Ilayza Macayan on Unsplash

Bullying may occur anywhere, at any time, in person or online (cyberbullying), and can take many forms, including verbal, physical, and social.

What Is Bullying?

Bullying is a pattern of recurrent aggressive behavior in which one person (or a group of individuals) in a position of authority intentionally intimidate or abuse another individual to cause bodily or emotional harm to that other. Bullying may take place in either a physical or verbal manner. Bullied individuals, as well as those who bully others, may have long-term repercussions.

Bullying may occur anywhere, at any time, in person or online (cyberbullying), and can take many forms, including verbal, physical, and social. Bullies utilize their position of power — such as physical strength, knowledge of something embarrassing, or popularity — to exert control over or damage other people. Many people assume that bullying occurs solely during childhood; nevertheless, bullying does not necessarily stop after a person reaches the age of adulthood.

Keep Reading Show less
Wikimedia Commons

Copper earrings

Silver and gold have always been preferred when it comes to wearing jewellery. Right from the times of monarchy in India, wealth and riches have been associated with wearing gold and silver for the various properties they have. Copper is a metal that has always been worn by the poor. It is not a metal that carries a significant association with health or wealth, but wearing at least one article of copper is extremely beneficial for health.

Copper is a reddish-brown metal that cannot be worn on its own. It has to be worn in the form of an alloy to prevent a reaction. Copper oxidizes in air and forms a green layer on it when exposed, much like the Statue of Liberty. Usually, bangles, chains, or rings of copper always have brass and traces of silver in them which helps with stabilizing its reactivity.

Keep Reading Show less
Photo by Brian Kostiuk on Unsplash

Traditional players are very strong in the consumer laptop market.

By Md Waquar Haider

When popular smartphone brands like Xiaomi and realme entered the laptop market in India last year, they were expected to shake the existing giants, specifically under the Rs 50,000 category. However, chip shortage and supply crunch have somewhat dented their plans to make a significant mark to date. According to industry experts, the issue with smartphone makers entering the laptop category is two-fold. The first one is a massive supply crunch in the laptop component market and only big brands are able to get volume and supplies.

The other factor is that the traditional players are very strong in the consumer laptop market. Top 3 players control more than 70 per cent of the market and strong portfolio, distribution, and channel reach as well as brand marketing has helped them massively. "New brands can surely make a dent in the consumer laptop market but are challenged by supply issues right now. Watch out for them in 2022 as and when supply situation eases up," Navkendar Singh, Research Director, Client Devices & IPDS, IDC India told IANS.

Dominated by HP Inc, Lenovo and Dell, the traditional PC market (inclusive of desktops, notebooks, and workstations) in India continued to be robust as the shipments grew by 50.5 per cent year-over-year (YoY) in the second quarter (Q2), according to IDC. Notebook PCs continue to hold more than three-fourth share in the overall category and grew 49.9 per cent YoY in 2Q21, reporting a fourth consecutive quarter with over 2 million units. Desktops also indicated a recovery as shipments grew 52.3 per cent YoY after recording the lowest shipments of the decade in 2Q20.

According to Prabhu Ram, Head, Industry Intelligence Group, CMR, driven by the pandemic and the associated accelerated pivot to remote work, learn and unwind culture, PCs have been witnessing heightened demand. "Despite the current supply chain constraints, PCs are here to stay in the new never normal. In the run-up to the festive season, established PC market leaders will continue to leverage their brand salience and gain market share," Ram told IANS.

a computer chip close up According to industry experts, the issue with smartphone makers entering the laptop category is two-fold. | Photo by Manuel on Unsplash

Keep reading... Show less