To decide on how much to save, factor in the current costs, number of years to the goal, and inflation
Ernakulam-based A. Azad, 58, who used to work as an engineer in West Asia, had to sell some land he had in Delhi and dip into savings to meet his children’s needs. “For our son Ismail’s education, we had to sell our land in Delhi. And for our daughter, Ilham’s higher education (on part-scholarship), we used some of our retirement money. She studied in a British school, and it was difficult for her to get admission in a college in Kerala. So, she went to England," said Azad. IIham has completed her engineering course and is now looking for a job.
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