| Every one or rather almost every one in this world | | | | one should save for such kind of expensesetc. it is |
| woulddefinitely want to have his or her future secured. | | | | recommended that where the planning for |
| Thus,every person who earns even a bit would like to | | | | retirementshould start in one's early twenties, the |
| save someof the money and this is where the topic of | | | | planning for collegeshould start right from the birth of |
| personal financialmanagement comes into picture. | | | | the child. It is agreedby many that early planning and |
| Whatever be your purpose ofsaving money, it needs | | | | savings can be of huge benefitsin the long run. Planning |
| to be regulated and updated. | | | | for the college will include lookingfor various colleges |
| Investment in stock markets is one option for the | | | | for alternatives, tuition fees and anyextra expenditure |
| same. Withthe advancement in technology and | | | | that might occur at the time for sending achild to the |
| thereby, in means ofcommunication (for instance, the | | | | college. Starting all this early enough willprovide |
| internet), the behaviouralpattern of the stock markets | | | | adequate time to the parents to look for availing |
| can be known within an instantof time. Moreover, as | | | | loanfacilities and decide their strategy accordingly. |
| the presence of the stock markets beingin every | | | | Retirement,which is inevitable, has to be planned on the |
| country, one can see the maximum numbers of | | | | similar lines asthat of the college planning. Starting early |
| investmentsall over the world are made here. | | | | and being realisticare the keys for such kind of |
| Another option where you can regulate your finances | | | | planning. Starting early meansto start soon after one |
| is bybuying stocks. It is argued that although they are | | | | has completed his or her graduation. |
| the diciestand most fickle instruments for investments, | | | | By being realistic it is intended to convey that one has |
| they can bringtremendous returns in the long run and | | | | tosave according to one's requirement of the kind of |
| can even leave youresistant to the rate of inflation. By | | | | life proposedto be lived after the retirement. This is to |
| owning a particularamount of stock, one is deemed to | | | | say that one hasto focus on the facts basically, for |
| be the owner of a certainvalue of a company i.e. the | | | | instance, if one plans tolive like a king with housemaids |
| more stock is owned by you themore faction of the | | | | serving all the time and acastle like house then one has |
| company is in your hands. The prices ofthe stock ca | | | | to save much more than a personwho chooses to live |
| change in accordance with all the factorsaffecting the | | | | a modest life with a simple house and anoff-hand |
| stock markets for instance, economic,culturaland | | | | vacation. |
| business trends. | | | | Hence, you should manage your finances cautiously |
| Often it is seen that we tend to leave the saving for | | | | with investingin the right thing at the right time and |
| collegeand retirement till the last minute and then | | | | saving money for the righttime, because surely, time is |
| certain unwillingconsequences have to be borne. | | | | money!! |
| College planning resemblesretirement planning. There | | | | Article written by Mansi Aggarwal. |
| are bound to be questions in one'smind like how much | | | | |