Saving for your child’s education is probably the best thing to do as we all know that the cost of education is rising by the day and it only makes sense that one starts saving right away. Upto about 4-5 months back even I was harrowed by the same question, ’How will I manage to take care of my child’s education?’. I asked many of my friends. Some suggested that I am just panicking too much, some suggested that invest in SIP’s and Mutual Funds. I still couldn’t get the answer. However then while browsing online I came across this really interesting tool called Aviva Educost(https://educationisinsurance.com). The tool or more so an application is really cool as it helped me predict the future cost of education depending on various choices my son would make.
As my son is just 4 years old now, I checked for the time I had and therefore how much money I need. It was just shocking to know that I would need somewhere around a crore for his future education by the time he reached the age to pursue his career, that’s still a good 10 years to go, but still damn expensive. However I really did the first thing after consulting my agent and he told me to invest in Aviva New young scholar plan. I have invested and am really happy as it is really comprehensive and has good advantages too.
I am really glad I made the right choice and now I don’t have to worry about the financial of his education. It gives me a chance to look into other important matters of his education.
Saving for your child is a great feeling and I am really happy since the time I made the decision to invest in a child education plan.