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Plan, Progress, and Persist- Don’t let finances stop you from achieving your goals

August 02, 2022

Being a parent is perhaps one of the toughest jobs in the world. The challenges faced by parents in bringing up their kids and ensuring their financial security are immense. The hardest part is juggling between bringing up the children, giving them the best education, and providing means for them to fulfil their dreams and aspirations. Apart from that, you have to plan for unexpected expenses such as medical emergencies, travel, etc. Financial planning is an important aspect when you have to shoulder the responsibility of securing your child’s future.

The rising inflation has impacted every aspect of maintaining a comfortable lifestyle. Ensuring that your child has healthcare, proper education, and can pursue his passion is getting costlier with each passing year. That is why it is important for parents to incorporate healthy financial habits to give the best to their children. It is not only expensive to raise a child but also requires extensive financial planning and execution on the part of parents to help the child achieve all of his life’s goals.

As a parent, you always strive to provide a bright future for your child. You work hard to provide the best life for your kid as per your ability. It is important to invest your hard-earned money in the right investment avenues that provide good returns. But when it comes to your child, ensuring a stable financial future is perhaps the best gift you can give to your offspring. One of the ways of doing so is by providing quality education that would make your child self-reliant and give access to the finest career options.

Plan, progress, and persist, and don’t let finances stop you from making sure that your child’s dreams are fulfilled. HDFC Life YoungStarUdaan plan is for smart parents who want to plan for their child’s life milestones. It helps you grow your investment over time and let you plan ahead for a better future for your child. It offers the combined features of an endowment plan and a money-back plan. So, help your child live the life you want him to by investing in the HDFC Life YoungStar Udaan plan.

HDFC Life’s Behind The Journey series is dedicated to the amazing journeys of everyday heroes and how financial planning helped them be successful. Rupesh and his child Abhinav’s inspiring journey teaches us the importance of financial planning in fulfilling our dreams. Rupesh always wanted to become a shooter but did not have enough funds to take up this expensive sport. But he kept his dream alive through his son. He started saving early and made sure his son pursued his dreams. Today, 13 years old Abhinav is the youngest gold medallist and a national level champion in shooting thanks to his dad’s untiring dedication and prudent planning.

Watch the video to know how Rupesh’s financial planning helped his child fulfil his dreams.