Financial Planning is an important part of every person’s life.
Effective Financial Planning enables us to achieve our financial goals such as saving for children’s higher education, buying a house, planning for life after retirement, planning for a dream vacation, etc. It also helps in being prepared you for emergencies and unforeseen situations such as medical emergencies, loss of job, renovation of house, etc.
However, when a family has a special needs child, then financial planning assumes even more important role and should be started by parents of such child at the earliest.
Depending on the individual requirements, following are some investment options
- Mutual Funds
- Systematic Investment Plans (SIP)
- Recurring Deposits (RD)
- Post Office Investment Schemes
- Investment in real estate, etc.