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Start Planning Early for Education
- Start financial planning for your child's education as early as preschool due to the rising and varied costs.
- Early planning helps manage expenses continuously through schooling and specialized education years.
High Cost and Inflation of Education
- Medical education can cost around 1.5 to 2 crores just for tuition fees in private colleges.
- Education inflation can be 10-12%, much higher than general inflation, significantly increasing future costs.
Invest Early for Compounding Benefits
- Invest for your child’s education corpus from birth to utilize the power of compounding.
- Build the corpus by middle school since career preferences often become clearer by then.