Child Education

Paisa Invest – Best Child Education Planner in Kolkata, India

“Education is the passport to the future, for tomorrow belongs to those who prepare for it today”

As parents, it is natural to want the very best for your child – the best schooling, best opportunities in life, etc. Supporting a child’s education can be one of the most rewarding aspects of success and one of the most important elements in your financial plan.

And as Indians, it is a strong belief in us that education is everything, and we want our kids to go to the top schools/colleges for their chosen fields.
Even though education is the most important priority for parents, the costs are a major concern. They shell out a large portion of their savings to provide the best education.

Hence, a financial plan to achieve this goal is very important.

If you already have children, the earlier you start planning, the better. Especially if you want your child to attend good institutions and abroad. You must begin planning soon as the education costs are only on the rise.

Let’s take an example.

Mr Gupta has a 3-year-old son, who will graduate in 15 years. Mr Gupta wants his son to pursue engineering. If the cost of graduation in today’s terms is Rs 10 lakh, let’s ascertain how much it will cost to send his son to engineering college in 15 years?

Why You Need Child Education Planning Expert?

Son’s Age
Cost of Education in today’s terms
Time left for Graduation
Inflation Rate
Cost at time of Graduation course
Amount Mr Shah needs to invest per month

3 years
Rs 10 lakh
15 years
10% p.a.
Rs 41.77 lakh
Rs 8777

You see, as seen in the table above, the cost of education after 15 years will rise to Rs 41.77 lakh due to inflation. And to fulfil this goal, Mr Gupta will have to invest Rs 8777 per month, assuming he earns a return of 12% per annum
.
However, if Mr Gupta delays this investment, and begins to save for his son’s education five years from now, the investment will be more than double, i.e. Rs 17000 per month.

Similarly, to ensure your child receives the best education, you need to prepare yourself financially. If you plan now, chances are you will not compromise on your child’s future, his/her dreams, aspirations, and ambitions.

So here we understand without the proper financial planning we are not able to achieve any goals even child education planning. We always need the guidance of a financial planner or advisor for suggestions on where to invest, how much amount to be invested to reach that level. So every stage of life we need step by step approach for financial planning.

Child education planning is mostly a long term goal for individuals, we have enough time but it is always good to start early investment and long term oriented fund which gives cut to cut return that time.

In India most of the students are not able to do a master’s after graduation just because of the money crisis, yes we can’t ignore banks are providing education loans but this is the kind of debt that comes with the highest rate of interest. So why don’t we start planning and investing in a proper way by the way investment is laying out money now to get more money back in future.

We at Paisa Invest, Keep you and your goals as our priority. Not only the fulfillment of your goal is our responsibility, but we also make sure that this entire journey of making wealth becomes a safe & happy journey for you.

We have evolved ourselves as an eminent financial planning firm that is trusted for their professional competence, relied on for their unbiased & quality advisory.

Paisa Invest specializes in offering a holistic approach to Personal Financial Planning & Financial advisory services for our clients in India & worldwide.