Have You Planned for Your Child’s Education Yet? Blog / By Imperial Money / June 22, 2021 / Child Education Expenses, Child Education Planning, Child Education Planning Calculator, Education Calculator India is a developing nation and with the betterment of the economy, the quality of life among the people in India has been up to along the graph. With a rising economy especially since independence, a lot of sectors have boomed across the country. People now have enough to survive and invest in things that increase the quality of their lives. Have You Calculated Your Child’s Education Expenses? If Not, Then Calculate Here At: https://www.imperialfin.com/education- calculator/ Archives September 2022 August 2022 July 2022 June 2022 May 2022 April 2022 March 2022 February 2022 December 2021 November 2021 October 2021 September 2021 July 2021 June 2021 May 2021 April 2021 February 2021 November 2020 October 2020 September 2020 August 2020 Search ... CLIENT LOGIN Home About Us Services MF Tools Research Blog Contact Us With all the commercial sectors blossoming recently, education has been one of them. The percentage of people getting educated is increasing, but the quality of education is on the rise. More schools are being set up in rural areas, and better infrastructures are being introduced in urban areas. Education now is about the academics and the student ’ s overall growth and to bring that into practice schools these days need better resources. The increasing need for resources in fl ates the school fees, especially in urban cities. Child education is now an important part of the planning among parents, in terms of fi nances. Why child education planning? An average 2-tier urban city child needs to be spent 20k – 80k alone on their school fees per annum. Leave apart the miscellaneous costs, accessories, extra tuitions, etc. Also kids these days are involved in some extracurricular activities, which also take up a signi fi cant amount of fi nances. All these costs may not seem a lot for a year but this spending goes on for around 15 years. The second and the most signi fi cant part of child education planning comes into the picture for graduation and post-graduation. College fees in India go in lakhs per annum and it becomes di ffi cult for middle-class people to manage their fi nances. Also with increasing per capita income, privileged people have started applying for foreign universities for graduation and post-graduation these days. But due to global economic diversity and India being a third-world country, people here have to face huge fi nancial investment for the same. The expenses often touch 100 lakhs. You can plan your child ’ s education cost with a child education planning calculator. A child education calculator helps you to know how much money you need to save for your child ’ s future education. What should you do? All these expenses need proper education planning to execute and to avoid debts in the longer run. People often go for an education loan which is usually repaid by the students after education. But unfortunately, not all succeed with this plan and often end up in fi nancial loss or debt. Another solution to this could be investments in the Indian market. Mutual Fund is one such way through which parents can achieve fi nancial security after their child ’ s education. Mutual Funds require you to invest an a ff ordable amount over a large period at regular intervals. People should start investing in mutual funds from the very start to get the returns at the time of expenses are executed. Mutual Fund is advised to be preferred as it has high return than banks. Even if returns from the mutual fund could not satisfy the expense, it de fi nitely will help you pay o ff the fi nancial load. Planning for child education involves a huge amount of money and can get a bit di ffi cult and risky to handle. It is always a good idea to consult a fi nancial advisory fi rm for planning your July 2020 June 2020 March 2020 February 2020 January 2020 December 2019 October 2019 September 2019 November 2018 July 2018 Recent Posts 5 Biggest Financial Mistakes Young Parents Make 5 Bad Habits You Need To Change To Improve Your Finances. Power of Compounding in Mutual Fund 10 Investing Mistakes That May Damage Your Wealth How to Handle Bear Market in Retirement? child ’ s education, including which mutual fund to invest in. Imperial Money Pvt. Ltd. is a rapidly growing organization in India since 2011, which provides fi nancial and wealth creation services. Our services include – mutual funds, insurance, tax savings, equity trading, estate allocation, NRI services, etc. We provide personalized services and distribution for each of our clients and strive to bring out the most from their investments. We believe in a long-term relationship with our clients and their satisfaction is our priority. HAPPY INVESTING!!! Contact Us : 9595889988, 8446686863 Email Us: wecare@imperial fi n.com Follow Us: https://www.facebook.com/imperial fi n/ Follow US: https://in.linkedin.com/company/imperialmoney Subscribe to YouTube Channel: https://www.youtube.com/c/IMPERIALMONEY ← Previous Post Next Post → A company with high customer satisfaction rate since mid 2011, Imperial Money had engaged in providing comprehensive Financial distribution services to individuals. We help you to make smart investment choices with your money to get optimum returns. 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