It is not uncommon to see parents fretting over education cost of their child. And their worries and fears are not really unfounded after all education forms the major portion of expense on a child’s upbringing. The rising cost of education is gripping all standards, right from elementary education to higher studies. But the good news is that more and more people are planning and investing to meet the cost of education of their children in future.
The cost of education has been exceeding inflation year over year, and one can expect this trend to continue, which means educations costs will go nowhere but up.
Though we would want a life that runs according to our plans but the fact is that it is unpredictable and in some cases unfortunate. For parents, this should be one driving factor to secure their child's future which is protected irrespective of their presence. These events can strike anytime and out of nowhere, worst at any age. One also should take into account that after such ill-fated eventualities, the burden of a child falls on the grandparents or other family members.
When you are young, most of your financial commitments are limited, predictable and can be forecasted easily. It is also easier to cut down on monthly expenses by controlling some factors. However, as you progress towards a higher age expenses simply keep on increasing, starting young with a childs education plan makes sense.
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