We’re back with a new episode of practical financial advice to help you make informed decisions about your money! In this episode of Let’s Talk Money, Monika explores how to build financial security for your child's present and future. Learn the importance of putting in place your own  life cover and your medical insurance, as well as the necessity of drafting a Will. She also discusses smart investment strategies, such as starting an index fund and a monthly SIP for higher education. Tune in for essential advice on securing your family's financial well-being. Monika also tackles your questions about flexible travel investment options, the flow between income and investment accounts, and achieving long-term financial goals amid potential tax changes. Chapters: (00:31 - 05:03) Financial Products for your Child (05:16 - 10:21) Short Term Investment Options (10:23 - 12:49) Cash Flow in the Three Account System (12:51 - 16:12) Navigating Tax Changes If you have financial questions that you’d like answers for, please email us at [email protected]  Monika’s book on basic money management https://www.monikahalan.com/lets-talk-money-english/ Monika’s book on mutual funds https://www.monikahalan.com/lets-talk-mutual-funds/ Calculators https://investor.sebi.gov.in/calculators/index.html You can find Monika on her social media @monikahalan.  Twitter @MonikaHalan Instagram @MonikaHalan Facebook @MonikaHalan This is a Maed In India Production; check us out at www.maedinindia.in Creative Director: Mae Mariyam Thomas Project Manager: Shaun Fanthome Head of Audio: Kartik Kulkarni Producer: Meghna Gulati  Sound Editor: Lakshman Parsuram Artwork: Alika Gupta