As mothers, we’re most concerned about the education of our children. Whether it is by ensuring that they finish their homework on time or by taking efforts to get that ‘A’s on the report cards of our children. Possibly, we’re happier with our children’s achievements than they are. But a time comes when education planning involves more than helping them get the best grades.
This superpower of being their guiding light is with us to get our children to their goals, but what about when you can no longer help them with their homework? What about when they’re pursuing higher goals and are on greater paths? What kind of education planning is required at this point?
When that time comes and it surely will, our roles morph into something else. At this stage in their lives, our job is to ensure that our children have the facilities and opportunities that they need for success. And believe us when we say this, that’s something that requires a lot of planning, and to get you there is the purpose of this article.
Higher education is expensive and the expenses only increase if we want the best colleges in India or abroad. For instance, an MBA from a good college in India in 2010 used to be around 10 lacs, but the same degree today from the same college is around 23 lacs. That’s more than double, and that’s precisely the reality of education inflation in these times.
If we start saving and investing money for the amount that it takes for a degree today, we’ll fall dishearteningly short and we do not want that happening. So what’s the better way? The better way is to be certain about the amount of money you should be saving and investing. This might require some intense research or you could find yourself an education cost calculator.
An education cost calculator, especially from a credible source like EduFund, would help us understand the true cost of your child’s education. It takes into consideration the institutions, the country, the living expenses, and education inflation to help you set a goal amount that could make the education of our children very smooth. It is something we should try, even if it is just to understand the factors involved. This will smoothen your decisions regarding the education planning for your kids to a great extent.
Now, just coming up with a goal isn’t enough. Saving and investing for it is also a task that needs serious attention. We’re not ninjas when it comes to financing but that’s why we have something like EduFund. First, it helps us set a goal. Second, it helps us invest in the top mutual funds in the country and even US Markets so that our money is growing.
EduCases is a feature on the EduFund app that helps parents invest right. You have expert wealth coaches with decades of experience who personally look into our goals and then devise an investment strategy that would be the most beneficial to us.
With the finances under control, the next step is to get your child the guidance that they need. Now, this could be in terms of picking a path, picking the right college, and even getting themselves ready for the admissions process. It is genuinely difficult to get into the best colleges without someone guiding your child.
The versatility of a platform like EduFund is that it takes all of the worries that parents have into account. The guidance that your child needs can be easily gotten by booking a counselling session for your child on the EduFund app, completely free of cost. They have some of the best counsellors in the country who know what it takes to prepare your child for future success.
With all of this smart planning done, we are going to find ourselves completely prepared to give the best opportunities to our children. The opportunities that perhaps even we never had. And if by chance, we fall short with our finances, the EduFund platform provides us with affordable education loans that will make sure that there are no hindrances.
The time to begin our efforts and planning is now. When all it takes is downloading an app to get started, this part of parenting is made easy. Only when we start early can we invest small amounts, starting from just 100 rupees a month to make way for our child’s bright future.
Hope you found this article useful and got valuable knowledge about education planning. Get started today & happy parenting!
Note: This post is sponsored by EduFund.
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Wow, that's interesting. Thanks for sharing it ❤️. As a parent, we want the best for our children's future. With life being uncertain, increasing inflation and the cost of education in reputed institutions we need to build an adequate financial corpus to meet the needs of our children. An education cost calculator will help us to accomplish our financial goals.