Have You Planned for Your Child's Education Yet?
With all the commercial sectors blossoming recently, education has been one of them. The percentage of people getting educated is increasing, but the quality of education is on the rise. Education now is about the academics and the student's overall growth and to bring that into practice schools these days need better resources.
Why child education planning?
An average 2-tier urban city child needs to be spent 20k – 80k alone on their school fees per annum. The second and the most significant part of child education planning comes into the picture for graduation and post-graduation. College fees in India go in lakhs per annum and it becomes difficult for middle-class people to manage their finances.
You can plan your child's education cost with a child education planning calculator. A child education calculator helps you to know how much money you need to save for your child's future education.
What should you do?
All these expenses need proper education planning to execute and to avoid debts in the longer run. People often go for an education loan which is usually repaid by the students after education. But unfortunately, not all succeed with this plan and often end up in financial loss or debt. Another solution to this could be investments in the Indian market.
Have You Calculated Your Child's Education Expenses? If Not, Then Calculate Here At:
Mutual Fund is one such way through which parents can achieve financial security after their child's education. Mutual Funds require you to invest an affordable amount over a large period at regular intervals. People should start investing in mutual funds from the very start to get the returns at the time of expenses are executed. Mutual Fund is advised to be preferred as it has high return than banks. Even if returns from the mutual fund could not satisfy the expense, it definitely will help you pay off the financial load.
Planning for child education involves a huge amount of money and can get a bit difficult and risky to handle. It is always a good idea to consult a financial advisory firm for planning your child's education, including which mutual fund to invest in.
Imperial Money Pvt. Ltd. (https://www.imperialfin.com/
Imperial Money Pvt. Ltd.