Education Planning
Investing in a child’s future success by financially planning today.
“Education is the key to unlocking the world, a passport to freedom” –
What is Education Planning?
Supporting a child’s education can be one of the most rewarding aspects of success and one of the most important elements in your financial plan. With rising inflation and the high cost of education, planning to contribute to another’s higher education may require an early start.
Steps to Plan your education
Decide your Time Horizon
Calculate the years to your child's higher education. With the approximate number of years in mind, you can decide the time horizon. The longer the time horizon, the better it is for you to plan and invest. But do not wait till the last hour. Start investing for this goal at the earliest.
Estimation of Cost
Determine the cost today to calculate the future cost. It is important to know our target and plan accordingly. Conservatively, you can estimate the inflation on education depending on the time horizon.
Plan your investments
Smartest way of investing is by designing asset allocation and investing accordingly. Once you have made an account of the already existing investments, which can be mapped towards your child's education, you might need to save and invest on a regular basis to fill in the gap.
Prepare yourself for the unexpected
Always prepare yourself for additional costs such as accommodation, pocket money, tuition fees, and so on. Even after forecasting and planning for all of these expenses, it would be prudent to have some buffer for unforeseen expenses.
How can we help?
At InvestRightWithSC we know that our clients’ needs vary enormously. That’s why we have developed different investment strategies, enabling you to choose the most appropriate one based on your needs and attitude towards risk. With the comfort of knowing your funds are monitored constantly by a dedicated team, you can benefit from a winning combination of investment expertise and value for money.
Prior to investing, we take the time to ensure we fully understand your financial situation and investment goals, along with confirming other essential factors including potential investment restrictions and the time period for investment.
Once invested, we constantly monitor all your investments, in order to ensure the investments, remain suitable for your needs. If alterations are required, our team will contact you with our reasons for change.