FIVE FINANCIAL GOALS FOR NEW/EXPECTANT PARENTS

As a new parent I can surely tell that one of the most important fact that is associated with new parenthood, is being responsible financially. Although, a lot is said and done in respect of the financial gifts from all the relatives, since we are living in a relatively modernized India, it is the nuclear family concept that encourages me to write this column.

I list out my financial goals that have helped me during the transition from being an expectant parent to a full-fledged parent:

1. Purchasing a Health Insurance:

Sure, we have all heard it before, but we as Indians think a lot less in buying this particular idea of health insurance. Going by the rising costs of the delivery of the child at a reputed hospital/nursing home, it becomes imperative for expectant parents to purchase a health insurance, which covers the expenses related to you being a parent....Read more