Showing posts with the label birthday party fund

How to prepare for Birthday Party Fund ?

How to prepare for Birthday Party Fund ? Celebrating the birthday of the Kids can be a personal delight for Every Parents. At the same time, the cost of a Birthday Party can have little impact on the Financial head of the Family. The Birthday Celebration of their Kids is much more important than anything else for some Parents. In this situation, when a cost is incurred as a Birthday Celebration, it will affect the Budget for a Family in the near term. However, this is a positive thing if we plan ahead of time. Planning for the Celebration and save for it one year before is worth a lot. For example, the proposed expense (Budget amount) for your Kid's Birthday Celebration is Rs. 15,000 (Lets assume). Time Horizon: 12 Months If you are starting with a monthly SIP of Rs. 1200/- in Bank Recurring Deposits or Mutual Funds, and the expected return is 7 Percent, then you will achieve the Target of Rs. 15,000 for the Kid's Birthday Celebration. So, we can named it as ' Birthday Part