The best education in India is not cheap. As parents we would want our children’s to get the best education for their future supply. Must be good at managing family finances that are usually held by a wife or mother at home,
Why should we prepare children’s education funding? because there are 2 problems that most often occur each year
“First, the average tuition rate rises about 15- 20 percent per year.
Second, the income of the Indian people tends to remain declining. ”
To solve this problem, there are many options for example we can work diligently to get more salary, earn extra income, wife help husband to earn a living, or even lower the target school standard.
This is actually realized by parents, the cost of education increases from year to year, so parents should be able to plan and prepare the needs of education funding early on.
There are various investment offer that can be done to secure education fund for children. choosing an investment product that suits the needs and availability of funds is the right thing
” Investments for children’s education funds can be products with regular income. Such as savings, deposits, and insurance. Alternatively, income-generating products, such as gold (precious metals), mutual funds, property, bonds, or stocks. ”
Often also insurance products offer investment Funds are nominal tailored to the ability of his parents. The choice is in the parent itself which is more likely to be followed.