Written By: Uma Shashikant
Last week a friend called in panic. Their child had secured admission in a prestigious university, but they were unable to raise the funds needed to complete the admission process. It was one of the many heartbreaking stories we hear about money being stuck in a flat bought as an “investment” and there were no buyers. How do otherwise sensible people land in such a predicament? Many households begin to save and invest seriously after a child is born. Young parents admit that their sense of responsibility and urgency about setting money aside increases with the arrival of a child.
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