Finalize Your Goal Date:
Get your child’s age on a paper and find out the no. of years he has to reach his graduation.
Decide the Target Amount you would need for his Graduation:
Establish the total cost in today’s value to give education today’s terms.
Estimate Inflation Rate:
Find the amount you will need to achieve that end goal by estimating inflation rate of in education.
Establish the Amount You Need to Start Saving for Know:
Decide the total amount you need to save for this goal and the monthly contribution you will make until you reach your goal.
Define Your Investments to Reach this Goal:
Plan the investment amount and allocation of funds on continuous basis to reach this goal to support the education of your child.
Always Prepare Yourself for the unexpected Circumstances:
Mind you, you should always need to be prepared for the unexpected cost associated with the educations such as accommodation, pocket money etc.
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