Child's Education Planning
Give your child a promising future.
The best things come with the biggest price tags
As a parent, you dream of giving your child the best of everything: the best education, the best health, the best opportunities. The problem is that the best things carry the best price tags.
With high costs and tough competition, your child's education is one of the biggest goals you'll ever plan for. That's why it is so important to start saving early. Our education planner shows how much you need to save today to fund your child's education in the future.
How to plan for your child's education
The cost of education is rising faster than inflation. College is expensive, but not impossible. With the right strategy, you can meet the challenge whether your child is in preschool or already in high school.
Fix your time frame
Children usually start graduation at around 18–19 and post-graduation at around 22. From your child's current age, work out how many years are left until you need the funds.
Estimate today's cost
Every parent has different dreams. Courses like medicine, an MBA or engineering are expensive. Start by working out what the course would cost if your child joined today.
Factor in inflation
Education costs rise every year. Estimate what the course will cost when your child actually goes to college. That is the amount you really need.
Plan your investments
Check whether you can reach the target at a realistic return after inflation, then choose between investing monthly or a lump sum, based on your knowledge and risk appetite. Avoid what you're not comfortable with. Equity has generally done better over 10+ years, though returns aren't guaranteed. The more years you have, the lower your monthly investment can be.
How we can help
We help you prepare a clear investment plan for the education goal and secure your child's future:
- Decide whether your child may study abroad
- Decide whether to save for graduation, post-graduation or both
- Estimate the future cost of education, considering inflation
- Make sure you are adequately insured, so the goal is met no matter what
- Estimate how much to save each year
- Choose investments that suit the time left
- Last but not least, start investing today
Our other services
Ready to get started?
Talk to an expert, free.
Talk to us for a no-obligation consultation. We'll understand your goals and suggest a clear plan.