Start Early: Begin saving for your child's future as soon as possible.
Set a Budget: Determine how much money you can allocate for your child's savings each month.
Use a Savings Account: Open a savings account and deposit money regularly.
Consider Sukanya Samriddhi Yojana: A government-backed scheme that offers high interest rates for girls' education and marriage.
Invest in Fixed Deposits: Consider investing in fixed deposits for long-term savings.
Cut Costs: Look for ways to reduce expenses on baby gear, clothes, and toys.
Buy Used: Consider purchasing second-hand items instead of brand new.
Avoid Debt: Avoid relying on credit cards or loans to make purchases.
Encourage Saving: Teach your child about the value of saving money.
Make Saving a Priority: Prioritize saving for your child's future, even if it means sacrificing other expenses.