Why education planning is important?
Most Indian parents in the middle income or higher income groups have very high aspirations as far as their children’s careers are concerned. Rising education costs can make it difficult for even the most diligent of savers to cover 100 percent of a child’s education expenses. That’s why it’s important to plan for educational needs as early as possible.
Parents need to have a savings and investment plan in place over a sufficiently long period of time in order to meet their children’s education goals. One of the most important aspects of financial planning is to determine how much money they need to accumulate for their children’s education goals. You should always factor inflation in determining your goal. Once you know what your goal is, you can figure out how much you need to save to meet your goal. Privet Wealth can guide you with an investment approach aligned with your situation and goals.
