A simple budgeting guide for the academic future of your child

The cost of education has increased tremendously over the years. A carefully planned approach can help you foot your children’s education bills better. Here is a quick guide for your reference:

Updated

A simple budgeting guide for the academic future of your child

Long-term planning

It is recommended to invest in Child Care plans so that you have the money ready for your child’s studies at critical milestones. It’s smarter to invest small sums of money regularly rather than endure the stress of making large investments in the later years. Estimate your child’s educational costs and decide the amount to be deposited.

Invest in diverse avenues to meet your ad-hoc as well as the planned expenses.

Exigencies to be considered

Take into account the economic fluctuations as well as eventualities. You surely don't want your spouse dealing with the entire financial burden.

Track your investments

You must invest in different channels over the years. Track them regularly to check if you are earning the returns as anticipated. This practice may help you earn good returns to back your children’s studies.

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