It says that A JOURNEY OF THOUSAND MILES BEGIN WITH THE SINGLE STEP. But it’s important to take that first step particularly when we are thinking for Child’s future. Gone are the days when education was affordable. We never experienced the pinch of the Cost of Education as our parents have done every bit of us. Today as we see the enormous carrier options rising with the equivalent cost of it. We must again focus on the core habit of saving by selecting the right investment option to get our Kid’s education from dream to reality.
In this article I have tried to illustrate the preparation required for building the corpus for your child’s career as well as the rise of educational cost for professional courses. Hope the same will be informative and valuable to you in planning for your child’s education.
Select the date depending on your child’s current age and number of years when she will need the money for funding her education. So that you will have clear idea of how much time period is in your hands.
Find out the course for which you or your child intends to go. Currently there are plenty of options to choose from considering child’s interest and your understanding. Also have clear idea that you are considering the graduation as well as post graduation cost as well.
Day by day education cost are rising more than normal inflation. So make sure you take into consideration , the impact of inflation on your future cost.
Try to avoid over safe or over risky investment options. Even need to consider that your investment class should give you sufficient liquidity when you need money for disposal. Invest as per your investment risk profile. Take professional help to understand it.
Finally its time to review your investments time to time, so that you can be able to keep track of the same.As and when time demands take suitable decisions to increase the corpus so that you have sufficient buffer. Hope you have got a clear picture of Child education investment journey.
Before concluding the article just have a overlook of Ivy League Management College’s Course fee movement over last thirteen years. Once again reiterates , “A JOURNEY OF THOUSAND MILES BEGIN WITH THE SINGLE STEP”. Don’t be too late to take the step for your Child’s Brilliant Future.
Will the stamp duty on mutual fund investments affect you significantly?
Stating From 2000 SIP to creating corpus of 300 times monthly expenditure
You don’t need wealth to create wealth. Just need action in the right direction