Worried About The Rising Cost Of Education? Here Are Some Financial Planning Tips to Fund Your Kids Education
With the increasing cost of schooling, funding your kid’s education can be a tough ask today. Many parents find it difficult to pay for the hefty education fees of their child. However, with some careful financial planning, you can make sure you have saved enough to give your child a bright educational future. Here are some financial planning tips to fund your kids’ education. Below five years: Your kid is significantly young at this phase of their lives. This entails, practically, the majority of your expenses would be on their health, clothing, food and day-care costs. This usually means that you should start saving as early as feasible while keeping your financial goal and priorities in mind. By having the best child plan, you can take advantage of capital appreciation which in result will let you accumulate a considerable amount over a span of time. Between five and fifteen years: During this stage you have to deal with your kid’s school admission, tuition, and heal