A child has varied needs. Children’s education is a long-drawn process from primary to higher education. One will need to have a flexible investment plan to cater to the child’s needs. If both parents are working, the child’s need could be categorised into short term and long-term goals. To fulfil short-term needs like primary education, one of the parents could opt for child plans that offer a relatively higher rate of return. On the other hand, the other spouse can invest in child plans targeted at the child’s long-term needs. This could be one of the approaches however, the bottom line remains i.e. both parents can plan for their child’s life goals as per their needs.