FINANCIAL PLANNING FOR YOUNG FAMILIES
Financial Planning is a Key Feature of Responsible Parenthood
With age comes responsibility, so if you’re a young adult in your 20s or 30s, chances are you’ve been introduced to the realities of adulthood. While you’re excited by all the opportunities life has to offer, you’re also aware of your emerging financial responsibility. Setting out your financial goals and planning to reach those goals are important part of life.
Financial Planning is based on the fact that every individual has certain basic financial needs to meet at various stages of life such as getting married, buying assets, creating funds for our children’s education, marriage, vacation and a comfortable retirement life. With the help of Financial Planning, you can prepare yourself well in time for all these goals.
This course will guide you to prepare and implement a simple financial plan to secure your family’s financial future.
- Total Number of Sessions: 4 X 2 Hours
- Through this course you will be able to,
- Identify your family’s future financial needs / goals of your family.
- Calculate the future cost of your every financial need / goals.
- Develop a investment plan to accumulate funds to reach your goals.
- Calculate the exact insurance coverage amount you need to cover yourself to protect your family.
- Buy high coverage amount life insurance at the lowest cost.
- Handle predictable and unpredictable events of your life.
- Understand the benefits of investing in Mutual Funds.
- Create wealth by investing very small amounts periodically in an auto pilot mode.
- Use SIP to accumulate funds for your comfortable retirement life.
- Understand Time value of money and start your investments immediately.