For your kid’s sake, avoid these mistakes
There're some oft repeated mistakes that people make. Recognizing them is the best way to avoid them
Saving for your kids is mostly dictated by fear and emotions. The fear of dying before the kids are able to fend for themselves drives a lot of parents to buying multiple insurance policies that are often investment oriented, whereas for some, the assurance of returns keeps them tightly hooked on to fixed-income products. These strategies may give you peace of mind, but both are flawed. In fact, the list of mistakes doesn’t stop with these. We spoke to financial planners to point out some popular and oft repeated mistakes that people make. Read on to understand, recognize and avoid them.