#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