Child Education Plan
Every parent has the ambitions that their child should grow and become successful in his life and lead a comfortable life. But they do not know the proper planning as to how and what positive firmly action and planning to be done just after they are blessed with a child.
I want to draw your attention to this subject. Now you are at the age of 25 to 28 and have started earning being self-supported. What are the most important plans to be done by you? You will reply to child education.
You are then partially correct. The priority for you to plan for your self supported after the retirement period and the second priority is your child education. Nowadays family pension scheme is not available in any service, so you are to tend for yourself. Your child’s education heavy burden comes when your child reaches 17 years of age, even he/she is about to go to college and then for further studies. Till then you are to plan for saving for both your financial arrangements for after retirement stage as well as for child education.
Now let us discuss child education. Most of the parents they want their child should top in the class and he should pursue his study in the field of the subject they want; but they forget to notice about the child’s intelligence, his liking subjects, his ambitions, morality etc.
Which make a child successful in life. In the olden days, there were only a few professional subjects like doctor, engineer, lecture etc.
But those days have gone. Now there is an innumerable field of subjects available where children are shining in every field. so it is the responsibility of the parents to know the child’s interest subject and they should encourage and support.
Nowadays educating a child needs a good amount of money to meet the high expedition from the time your child enters into college till he has completed his higher studies and starts earning, you are to plan the money-saving schemes in such a systematic way that there won’t be any set back in your child’s education. Nowadays there are many sources for the fund for child’s education.
For example, if your child is brilliant he will get the stipend if not there are study loans available and if that becomes impossible then you will have to depend upon your savings if your child is not capable to do a job to earn support himself during pursuing his studies.
The most important depiction of your savings is a matter of concern before investing your money you must not decide without going into detail about the saving scheme. There are many alluring saving schemes available that gives high dividends but no guarantee, as there’s every possibility anytime the scheme will crash and the four ambition of supporting your child’s education suffers. As such you are to invest your money in such schemes where though dividends are less but the outcome in time of your need is guaranteed.
Such types of saving schemes are plenty and you are to decide carefully.
