No reward is sufficient to specific the gratitude to a mom for the sacrifice she has made for upbringing of her little one. At least, we might attempt to make her comfortable on Mother’s Day by making certain monetary and social safety for her.
“On Mother’s day, you might want to give thoughtful gifts that can secure her financial freedom, fund a long-held dream, or help her make travel plans across the world without any worries. Some financial gifts will be appreciated by mothers at large and it would make a big difference in their life,” mentioned Anil Pinapala, CEO & Founder of Vivifi India Finance.
According to Pinapala, the highest 5 presents to bestow to your moms on this Mothers’ Day are:
Health insurance coverage
The reward of continued good well being accessible from the advantages of medical health insurance and the safety it offers with concern to assembly well being bills takes off the concern out of your shoulders whereas she will be able to journey wherever with out worries too.
Mutual funds
Mutual funds in her identify may help her save by means of her previous age. Opening a mutual funds account with a lump sum of cash or by means of SIPs can provide her an choice to develop her cash sooner throughout her retirement years and have ample financial savings to be financially safe.
Fund micro enterprise in your mom
If your mom has been longing to start out a enterprise of her personal upon retirement like taking culinary lessons, operating a nursery, proudly owning a craft and artwork store, and so forth, fund your mom’s enterprise and assist her make mandatory preparations to arrange and run her enterprise.
Senior Citizen’s Saving Scheme
Help her put money into the scheme that’s protected and at the moment affords 7.4 per cent assured returns with a tenure of 5 years. If your mom is over 60 years of age, she can be eligible for a similar and might get returns as soon as each three months.
Plan a day’s outing, actions and presents for her
Pamper your mom with an unwinding spa day. Treat her to a particular meal at her favorite restaurant. Take her procuring to reward her one thing that she has been eyeing for some time however wouldn’t purchase on her personal. And lastly, catch the flicks for some enjoyable time earlier than you name it a day. Else, make bookings for a brief trip, or a getaway in your mom if wanderlust is her factor.
“While we understand that planning a perfect day calls for expenses, having access to an emergency line of credit can help you make all the necessary arrangements while allowing you to repay back in parts through easy installments without having to feel the financial burden of a loan,” mentioned Pinapala.
Source: www.financialexpress.com”