Child Education Planning
"The more you learn, the more you'll earn"- Warren Buffett
Unarguably, planning for a child's future is the most important and costly exercise for every parent. Child education planning comes into play right. From the time the baby is conceived till he or she reaches financial independence. But unfortunately today, the skyrocketing costs of private schooling to studying abroad leave parents overburdened financially.
As per the latest survey 'Value of Education-Springboard for Success' conducted by HSBC, seven out of ten Indian parents admitted that planning for their child's education is probably the best investment one can make in a lifetime.
Other key findings of the report:
83% of Indian parents want their child to pursue post graduate studies
46% of Indian parents find decision making process about their child's education daunting
58% of Indian parents wish they had started saving/planning earlier for their child's education
85% of Indian parents aspire to send their child abroad for higher education
However many parents still don't give child's education planning its due importance because either it appears to be a herculean task or they don't wish to compromise on their present lifestyle.
Like many, if managing the higher education cost is giving you sleepless nights, look no further than Investmart. How we can help?
Cost of education: Assist you in determining today's cost
Prepare you for the unexpected: Help you factor in inflation & thus arrive at the future cost
Asset Allocation: Suggest you the right investment mix based on your risk appetite.
Invest Smartly: Help you to start early as far as regular saving & investing is concerned.
Review & evaluate: Regular tracking, monitoring and evaluating your portfolio and ensuring your education goals are adequately met on time.