FINANCIAL PLANNING FOR BEGINNERS – CHILD EDUCATION

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#NRImoneyclinic #childeducationplanning

Many Unknowns
Ability Of Child
Intellect Of Child
Interest Of Child
Affordability Of Parent In Future
Place Of Study In Future

PRIORITIZE

1st Do Retirement Planning

Then Only Plan For Child Education

CHILD EDUCATION FUNDING – MULTIPLE OPTIONS

Savings From Parent
Education Loan
Scholarships
Earn While You Learn
Distant Education
Study Break During Employment

PREPARING CHILD TO SUCCEED IN LIFE

Most Of It Happens At Home
Child Learns From Observing Parents
Teach Moral Values, Build Ethical Framework
Soft Skills Are More Important Than Scores
Identify Child’s Interest – Be The Best
Career Can Be Built In Any Profession

SAVING FOR CHILD EDUCATION

Make A Beginning As Early As Possible
It Is Ok Even If It Is A Small Amount

SAVING FOR CHILD EDUCATION

Have Clarity On Place Of Education
Studying Abroad ? Save in Dollars
Studying In India ? Save In Rupees

WHICH PLANS TO SUBSCRIBE ?

Use Guaranteed Returns Plans
Avoid Market Linked Plans
We live in a artificial world

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