Expense Account, Mint
Targeting a distant financial goal is a scary prospect. Apart from the possibility of the instrument you choose not delivering, there is a real fear of the target itself changing due to either circumstance or inflation. When targeting faraway goals, typically a child’s higher education or marriage or a retirement corpus, we use rough thumb rules. These are based more on what we can afford today rather than a theoretical number-crunching exercise of what it will cost us in the future.