Plan Your Child's Education
Give your child the best possible education with the goal based investing approach.
Points to consider for investing in your child's education
Assessment
It's crucial to consider your child's academic expectations and goals to plan child education finance accordingly.
Investment
Education savings accounts are a great way to do this, and there are a few different types to choose from.
Time Period
By determining the number of years you have, you can start saving and investing now and can make sure your child has the best possible chance at achieving their academic dreams.
Invest and Track
Make sure that you're investing your money wisely. Moreover, track your investment periodically to make sure things are going as planned.
Frequently asked questions
How do I start saving for my child's education?
Some parents start planning for their child's education as soon as they are born. However, with the costs of education going up merely savings may not be enough as let's face the reality that only a small percentage of students get scholarships or sponsored educations.
You need to start early, be consistent with your investments, make use of government schemes, save taxes, and you can then ensure you have saved enough for your child's future.
You need to start early, be consistent with your investments, make use of government schemes, save taxes, and you can then ensure you have saved enough for your child's future.
Are there any government schemes that support child education?
There are many government schemes that you can take benefit from to plan your child's education. Here is the list:
• Beti Bachao Beti Padhao
• Sukanya Samriddhi Yojana
• Balika Samridhi Yojana
• Mukhyamantri Rajshri Yojana
• Mukhyamantri Laadli Yojana
• CBSE Udaan Scheme
• National Scheme of Incentives to Girls for Secondary Education
• Mukhyamantri Kanya Suraksha Yojana
• Mazi Kanya Bhagyashree Scheme
• Nanda Devi Kanya Yojana
To learn more please visit the government information center online.
• Beti Bachao Beti Padhao
• Sukanya Samriddhi Yojana
• Balika Samridhi Yojana
• Mukhyamantri Rajshri Yojana
• Mukhyamantri Laadli Yojana
• CBSE Udaan Scheme
• National Scheme of Incentives to Girls for Secondary Education
• Mukhyamantri Kanya Suraksha Yojana
• Mazi Kanya Bhagyashree Scheme
• Nanda Devi Kanya Yojana
To learn more please visit the government information center online.
Why should I start investing in my child’s education?
Education is becoming increasingly expensive, and it is only going to continue to rise in cost. In order to give your child a leg up in the competition for education, it is important to start investing as soon as possible.
By starting early, you can take advantage of compound interest, which will help the money you invest grow over time. In addition, education costs are often unpredictable, and by starting early, you can ensure that you will be able to cover the full cost of your child's education. Investing in your child's education is one of the smartest things you can do for their future.
By starting early, you can take advantage of compound interest, which will help the money you invest grow over time. In addition, education costs are often unpredictable, and by starting early, you can ensure that you will be able to cover the full cost of your child's education. Investing in your child's education is one of the smartest things you can do for their future.
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