Education in India and abroad has become very expensive and this cost is only going to rise. School fees and the associated costs may be rising, but with the right financial planning, you can provide your children with the education you want them to have. Hence, it is necessary to start planning from the moment your child is born.
Almost every parents dream so much about their children, in order to fulfill such dreams a proper and systematic child planning is what one needs for a safe and secure future of child, irrespective of the situations around. “The cost of college” these four simple words are easy to say out, but strike fear in the heart of every parent. All parents dream and desire for sending their child to a top-tier private college for best education. In order to fulfil all the requirements of child’s education, one has to choose right saving method like any other investment. The early you start a little planning goes a long way towards contributing to this expense and you will be able to pay for skyrocketing costs of child’s education with ease.
Parents have a huge financial burden these days when it comes time for their children to go onto higher education. Unless you are proactive in saving and investment, you may find yourself unprepared for high cost of college tuition. Having an estimate of your child’s educational needs will give you clear goals to work towards and ease planning considerably.
Five Steps of planning your Child Education…
1.Setting target date.
2.Finding current cost of education.
3.Finding target amount.
4.Estimating the returns you can generate.
5.Calculating monthly contribution.
“Give wings to your child’s dreams” let your children inherit a wealth of wisdom. Let them pursue their passion and follow their dreams without worrying about anything. Empower them to fly. Be the wind beneath their wings, and take pride as you watch them reach soaring heights of success. Good education can be the best gift for your child, gift your child a plan.
1. Start Early: It faciliates the longer time horizon. This in turn adds magic of compounding and results in better wealth creation.
2. Invest Wisely seek high return Investment products– your investments ought to yield an appealing real rate of return whereby the envisioned financial goals can be accomplished.
3.Grow Your Investments and Invest Regularly: Make it a point to save more and add to your investments, Plus invest regulaly rather than ad-hoc manner. It can make a huge difference in long run.
Your Child’s education is equally important to us, let ‘s start planning!
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