All parents dream of fulfilling all the wants and desires of their kids. They want to offer the simplest to their juniors. Best of education, better of toys, better of health, better of everything! The only problem with these best things is that they have the best price tags too!
But what can the parents do, after all it is about the child’s future. Or is this really the case? Maybe something could have been done. Think of a parent who started planning for his or her kid even before the little one was born and began investing when the small one arrived. They had an extended time (about 18 years for higher studies and 25 years for marriage and house). It is no-brainer in investment world that the earlier we start, the higher it’s, and for a basic reason – the magic of compounding.
Hence, a budget to realize this goal is extremely important.
If you have children, the sooner you begin planning, the better.
Especially if you would like your child to attend good institutions or study abroad. You must begin planning soon because the education costs are only on the increase.