Today, we all know that prices are sky high and our demands are hitting the roof. Spending has catapulted rapidly. There was a time when parents did not have to bother about personal finances but today the scenario has altogether changed. A parent today is far more concerned about expenses and how they are going to be met. Is it the banks and investment planners that have created a change in the mindset of parents that they cannot do without financial planning or is it truly a need? This question stands debatable.

Pros and Cons

For a parent, financing his Childs education is of prime importance. Future is uncertain and this very point is striking the brains of parents today. The Childs insurance needs are also being looked into, well in advance. Various strategies are being arrived at, to fund childreneducation and future. Financial planners and fund managers are hitting upon new techniques and strategies targeted at children. Parents are also seeking answers to this problem as it is giving those sleepless nights. While some parents live for the moment others are trying to scratch their foresight.