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WEDDING PLAN |
Your child's wedding day should
be one of the happiest days of your life. However,
given the increasing cost of weddings, it is a major
financial endeavor that requires proper financial
planning.
While analyzing your
children educational plan, please consider the
following questions:
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At what age do you expect your child to get married?
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How much will the wedding cost? - This amount may include
dowry (if applicable), wedding ceremony expenses,
honeymoon arrangements, etc.
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What percentage of the total cost do plan to cover?
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What amount can you put into the plan
every month in order to setup a solid wedding
plan for your child?
Simple
Strategies in Wedding Planning
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Start early and take advantage of the compounding
power of money from your investment.
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If you cannot provide 100% of the required amount
for your child's wedding, then try to provide a
partial amount.
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Involve your child in his/her wedding plan and
encourage them to put part of their allowance
into the plan.
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Review the plan with your advisor on a
regular basis making adjustments as needed.
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