Best Answers - How Important is it for parents to Save for their Child's Future?

Our Previous Post on Facebook page asked "How Important is it for parents to Save for their Child's Future?"

Here are the Top 3 answers we received from our fans

"Parents play the vital role in a child's future. Many parents plan for their kid's future; some even start saving money for their kids, so that their child would be safer, financially. This is a very good practice. A child's future is no joke, especially a child's higher education, it will decide the future of you child to a great extent. A good college education might mean the difference between a good job with a well paid salary and a small job with a minimum wages. The earlier you start the better. Then you will have a head start on your child. Children tend to grow up very fast and before you even know it the time has come for your child to go to college. When you're saving for your child, don't take any risks. You will be taking a risk with the future of your child. The best advice I can give you is to start a separate savings account in a well established bank :-)"
- Anuja Nair

"There is a very famous proverb “A Stitch in Time Saves Nine". So yes it is very important to plan and save for our children future so that they have a quality education at the right time and at the right place (good campus) and they become responsible and successful citizens of our nation. Saving and planning for child's future is not only important for the child but also for the parents as well because that ways they are in a better position to manage and allocate their monetary resources in a better fashion without any hiccups or glitches and everything runs smoothly. Management mantra says -If we PLAN well then we are very close to the SUCCESS! So plan your savings well and be successful!"
- Anshoo Mishra

"Work Today and Plan for Tomorrow!!! It is very imp for parents to Save for their child's future as it is an Investment which will reap multiples of results later in their life. At the speed the world and the trends are changing these days we cant PREDICT what the future has in store for us but yes with our wise savings we can really PROTECT our child's dreams and aspirations even if the situations are not in our favour.
No matter how good the opportunities are available for your child later in their life, if you don’t have the resources to optimally utilize those opportunities at that time, your entire effort to reach at that level will seem very BIGGGGG as compared to a small contribution (saving) made today.
So, start investing and contributing your share in the "DREAM-ACCOUNT" of your child today!!!"
- Kiran Kanjani