How to save and invest for your child's education

THE ECONOMIC TIMES Tue, Apr 26, 2016 | 09:32 AM IST ET Wealth Newsletter

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How to save and invest for your child's education Higher education costs are shooting up. If you don't plan well, you could fall way short of the required corpus when your kid is ready for college. Should you buy health cover for OPD expenses? A health corpus built through investments provides more flexibility, but don't forget that there are some tax implications. How your zodiac sign may affect your financial habits Ever feel your money has a mind of its own? A look at the stars could reveal a few secrets. Here's what your zodiac sign says about your money habits. From our Partners What mistakes do consumers commonly make: KS Gopalakrishnan,MD&CEO, Aegon Life Insurance From our Partners Retireometer Take the Retireometer test to find out how prepared you are for Retirement. Looking for a job? Here's why a professional should write your resume Professional researchers, editors and writers are employed to put together an attractive curriculum vitae.. Here is why they make sense. How technological developments can cut millions of jobs over next 20 years A Bank of America-Merrill Lynch report had earlier predicted that 47% of jobs in the US will be taken over by technology. Is your career safe? Will a credit card complicate your finances? A credit card can be misused to run up large dues, which can hurt your finances. But when used with care, it can also offer a lot of benefits. What to do when mutual funds underperform To generate wealth, it is important that investors monitor their portfolio regularly and replace the underperformers with better schemes. From our Partners Looking to pay life insurance policy renewal premium; Here are your options Insurers provide a variety of ways to pay renewal premiums. Get to know the ones that your insurer offers to be able to renew your policy conveniently. From our Partners What makes buying life insurance online click? Buying life insurance online not only gives you better control over your purchase but also gives you a cost advantage.

Financial Calculators Tax Impact Calculator This tax calculator will let you know how your tax liability changes post-Budget 2016. Just input your personal income details and know how much tax would now be payable. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

Why investing is not only about equity Why should everyone invest in equity? It would be a good idea for all of us to participate in the India story, but it is a personal choice. Six smart things to know about EPF withdrawals The rollback is yet to be notified by the EPFO, and is expected to restore the accessibility of EPF balances for various needs of contributors. Experts differ on how to claim additional NPS tax benefit under Sec 80CCD (1b) The new tax return forms still don't provide any clarity on whether or not 'employee contributions' can be treated as 'self contribution'. Struggle to save money? Here's what you can do Chronic spenders who are unable to save are victims of their own aspirations. The solution lies in augmenting their earning capacity. Here's how you can maximise your take-home pay by making right investment declarations While the form may be a simple one to fill, in a haste to meet the deadline, do not make mistakes that could cost you throughout the year. How to take loan against securities from banks The interest rate on loan against securities (LAS) is lower than that of a personal loan or a credit card, since it is secured by collateral. Transparency, disclosure key to trustworthiness: Sanjay Sachdev, Financial Planning Standards Board "Regulatory focus on the the fee mechanism should be preceded by the building up of a skilled talent pool of advisers." Why analysts are getting bullish on AC company Blue Star stock Blue Star has a strong presence in the South and West and is now planning to increase its presence in North - the largest market for ACs. Early start, high savings ratio to help Bagri reach all financial goals For the shortfall, Bagri needs to start investing in a diversified equity fund. He should also sell his stocks and invest in mutual funds. Chaudhri needs to rejig pay packet, invest more in NPS to cut tax outgo To start with, he should ask for his conveyance, phone and newspaper expenses to be reimbursed. This will reduce his tax by almost Rs 32,000. How IT products startup GoodWorkLabs clocked five-fold revenue growth Founded with an initial investment of Rs 25 lakh, GoodWorkLabs is in the business of developing apps and products as per clients' needs. Budget lodging is travel trend for summer holiday 2016: Yatra survey Budget accommodation is still the flavour of the season, as per a recent Yatra survey on travel trends for summer 2016.

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