Views • 14th Feb, 22
Saving for Education
Saving for a child’s education is a long-term saving goal that increases the further a child goes through school and into University, so it makes sense to have a savings plan in place to ensure all their needs are met during your child’s life.
Savings for the Future
We all want to give our children the best possible start in life and a good education is a top priority. However, this can be more costly than you might realise. The cost of putting one child through school and university can easily run into tens of thousands of GBP/EURO/USD. If you have two or more children, then you’re going to have to dig even deeper to keep the educational roadshow up and running.
Once you’ve worked out how much you want to save, you will need to decide how those savings are invested. The amount invested depends on how much risk you are prepared to take. Everyone’s attitude to risk is different. Choosing your own investment strategy will involve deciding on the level of return you are looking for and balancing it against the level of risk you are comfortable with.
Saving for your children’s education can seem daunting, but if you save and invest wisely it doesn’t have to be. Knowing how to save for their future is important, but you don’t have to be a financial wizard to do it. You might just need some advice on a financial plan and review and adapt that plan to meet your families changing needs.
Small Changes, Big Results
The cost of education is high and increases over the years. So, wouldn’t it make sense to plan ahead and build up your savings year-on-year? Regular savings can grow quickly over a short period of time.
Start Saving Today
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Please Note: The value of your investment may go down as well as up.
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