Children education and planning of future
Today, the cost of getting good education is increasing rapidly in the country every day. From early studies and a professional course fees are increasing rapidly every year.
If our financial planning is not strong, then the right and the cost of education of children upset the household monthly budget.
How to financial planning of child education
The cost of getting good education is increasing rapidly in the country every day. Investment saving for children’s education should start at the right time.
How much funding will be needed in future estimates
According to the figures 10 to 12 percent annual inflation is education. Accordingly to coming years an average of 6 percent per year in the rate increases. 15 to 16 years after the date the engineering course fee is Rs 6 lakh to Rs 15 lakh will be the same.
To manage fund to better way
According to children need their funds in a better way to manage. Take three short, medium terms and long term Insert these three regular money for child education.
Choose some investment choice
You can raise by a long time period. Two to four can start SIP (Systematic Investment Plan) in mutual fund schemes.
Child ulip plan
You can select the child ulip plan for children education and secure their future.
Public provident fund
You want to choose public provident fund from your children name. This scheme provident fund is 15 days.
Question 1. How to make children’s education and future of planning?
Answer 1. Children’s education and the planning of future should start at the right time to invest savings.
Question 2. What should take care of While financial planning for children’s education?
Answer 2. While financial planning for children’s education it must be adapted to inflation returns.
Question 3. How many divided of education fund?
Answer 3. There are divided in three parts small, medium and long period.
Question 4. Which option to invest for children education?
Answer 4. Choose to children future investment is mutual fund, ulip plan and provident fund.