A quality education shapes up a child’s future in the best possible way. So, from a parent’s point of view, your main concern is to give your child the best education.
But if you see the present scenario, the cost of education has reached sky high. Starting from child’s primary education to his/her higher education, parents are trying really hard to cope up with the increasing fee structure and additional costs involved with the education. These additional costs include- course related fees, fees for coaching classes, books, transportation cost etc.
If you are planning to manage your child’s education by taking a loan or a credit card, then think twice. Though initially, they might give you monetary relief but when you will start paying the EMIs at an interest rate of 14-15% annually or credit card interests at 3-4% monthly, then you will feel the actual pain. So, to provide the best education for your child without the burden of EMI or credit card interests, you need to plan now with our Child Education Registry.
Child Education Registry is a SIP based investment and expense management tool to manage your child’s education costs.
With each passing day, the education expenses are increasing leap and bounds. If you start planning today, then only you will be able to provide the best education for your child. You might feel that, it’s too early to plan. But, if you start
early, you will get adequate time to shape a better future for your child. Our Child Education Registry guides you to manage your child’s education expenses.
With the Child Education Registry, you will be able to invest in suitable mutual fund schemes via SIP. Under SIP or Systematic Investment Plan, you need to invest a certain amount of money every month. With this regular practice,
you will not feel that a huge sum of money is being spent at one go, but still can save for your child’s future.
Here, we have discussed that, how you can plan your child’s education in a comprehensive manner.
Set the target
At first, you should set the target for your investment, which is child’s education. Then you need to decide where you want your child to study. Whether you want your child to acquire
education residing in home or want to give a global exposure. Then, you will determine whether you are planning for only the primary education or you are planning for the higher education also. Based
on these factors, you will have to invest today to secure your child’s education.
Save or Invest
As we know that, the cost of education has been increasing rapidly, so it’s high time to start planning for your child’s education. But if your intention is that, you will be able to cover the
education expense by only saving, and then you are mistaken. This is because, that amount you save gets affected by the inflation rate which in turn reduces the value of the money saved. So, instead you
invest your money, which will grow your money over the time. After you invest, you will enjoy a good amount of return which will be able to beat the inflation, cover your child’s education.
Consider the Additional Costs
If you are considering only the course fee as the sole education cost you need to bear, then you are mistaken. Along with the fees, prepare yourself for additional costs like- fees for
coaching classes, fooding and lodging (in case you are residing outside), travelling cost, day to day expense etc. These additional costs add up to your actual education cost. Also, you should be prepared
for any kind of unforeseen situation. So, it is advisable that, when you are planning for your child’s education expenses, you should include the above mentioned costs.
Loan – Not the lone choice
If you are unable to manage the expense of your child education, you can take the best alternative, i.e. education loan. Also, education loan helps in tax deduction during the repayment under
Section 80E of the Income Tax Act. But if you plan early with our Child Education Registry, then the situation to take loan will not arise. To make things specific, start investing today for your child’s
education and you can easily avoid taking loan for it.
Start Right Now
So, what are you waiting for? Plan today with our Child Education Registry which will manage your child’s education expenses. With Child’s Education Registry, you can invest in
suitable mutual fund schemes via SIP. When investing in SIPs, you not only securing your child’s education but also practicing a regular investment habit. With the habit of this monthly investment,
you become a disciplined investor.
From the above discussion, you can now figure out as to why you should plan your child’s education. Now, let’s focus on how to plan and invest. Don’t worry. FreEMI is there to help you out. Our Child Education
Registry is a one of a kind automated platform which executes your education expenses and evaluates a probable SIP which will give a handsome return against your invested money. Log in to FreEMI Registry and we will help you
to plan your investment. Child Education Registry plan would secure your child’s future by taking care of their education expenses.