At any life stage we are faced with numerous questions on investments and finance. It surely helps to plan your
finances and get your numbers correct when it comes to providing for the future.
Given below are a variety of easy-to-use calculators to help you with Finacial Planning.
Use
this calculator to compute the expected expenses you will incur to bring up
your child till he/she attains adulthood (21 years of age).
Do you already have a child?
:
A.
Enter expected inflation rate (assumed current inflation rate is between 4% to 6%)
:
%
B. Enter the
percentage of expenses expected to increase by
year on year basis
:
%
Total
increase in expenses will be (A+B)
:
%
Enter the expected rate of
return on your investments
:
%
Enter your
child's current age
:
years
One
time costs
Type of expense
Amount (as of
today)
Enter your child's marriage age
Child's marriage expenses
Rs.
years
Regular
costs
Type of expense
Enter annual expense
in Rs. (as of today)
Child's age when the expense started/will start (in years)
Child's age when the expense will end (in years)
Clothes
Food
Toys
Caretaker
Education (including private tuitions)
Hobby/summer classes
Medical costs
Vacations
Commuting
Entertainment
Gifts to child during festivals/birthdays/special occasions
Present value of funds required for your child's needs
is Rs.
Assumptions :
One time costs of pregnancy taken at today's prices
Age of marriage 21 years.
Here are some investment avenues that would help
you get healthy returns in order to support your
child’s future needs.
The avenues are Equities, Mutual Funds, IPOs. To
start investing
click here.
Enter
the expected inflation rate
:
%
Enter the percentage of
expenses expected to increase by year on year basis
:
%
Total increase in
expenses will be
:
%
Enter the expected rate of
return on your investments
:
%
Enter the following costs that you will incur till delivery
Enter the following costs that you will incur on a regular basis
Type of expense
Annual expense in Rs. (as of
today)
Child's age when the expense started/will start (in years)
Child's age when the expense will end (in years)
Clothes
Food
Toys
Caretaker
Education (including private tuitions)
Hobby/summer classes
Medical costs
Vacations
Commuting
Entertainment
Gifts to child during festivals/birthdays/special occasions
Present value of funds required for your child's needs
is Rs..
Assumptions :
You
are expecting a child.
One time costs of pregnancy taken at today's prices.
*Age of marriage 21 years.
Here are some investment avenues that would help you get healthy
returns in order to support your child’s future needs.
The avenues are Equities, Mutual Funds, IPOs. To start investing
click here.
