Suddenly you have less in your savings account and the amount is decreasing. What’s causing the money crunch? How to save on bills? What are the money mistakes you make? Also how to survive the recession and stay fit while cutting the fat off your bills.

With a variety of investments, you wonder which one is right for your child. The common plan is to accumulate slowly, every month to build into a huge fund later. Understand spreading the risks and taking a policy that is fit for the purpose.

Saving for your child is not easy. With rates scaling higher every year education is getting costlier. So know when to start saving, make a plan, save for school, post school and tuition fees. Know you tax deferred savings and more.

Start to teach your child about money as early as they understand the value of it. Make play money and let them use it to buy things for themselves or trade it for a new toy or a new set of clothes. As working teenagers let them pay a month’s home bill. Know when to start, increase or stop pocket money.

Know 7 essential points that will go a long way in teaching your baby how to respect money. Save it and use it appropriately when required. Know when to start pocket money, increase it or suspend it. Make kids earn a few rupees. This way they will know it comes hard than easy.