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