Child Education Planning

“Education is the key to unlocking the world, a passport to freedom” – Oprah Winfrey.

As parents, it is natural to want the very best for your child - the best schooling, best opportunities in life, etc. But you see, education is one of the best gifts your children can receive.

And as Indians, it is strongly ingrained in us that education is everything, and we want our kids to go to the top schools for their chosen fields.

Even though education is the most important priority for parents, the costs are a major concern. They shell out a large portion of their savings to provide the best education.

Hence, a financial plan to achieve this goal is very important.

If you already have children, the earlier you start planning, the better.

Especially if you want your child to attend good institutions and abroad. You must begin planning soon as the education costs are only on the rise.

STEPS FOR EDUCATION PLANNING :

• Decide your Time Horizon
• Estimate the Cost of Education
• Assess your existing Assets and Liabilities
• Know the amount to be saved now
• Plan your investments smartly
• Get yourself adequately insured
• Prepare yourself for the unexpected
• Get started right away