Understanding the impact of delaying saving for your your children's education, might spur you to action.

If you are a parent with young children, one of the toughest things to figure out is how much you need to save for your children’s education. The best you can do is to see the range of costs and get started somewhere.

It’s some time away, so you can truly think long-term

For most people with young children, paying for their children’s higher education is many years away. Unlike other things, education is probably the easiest to predict ie.
there’s almost a 100% chance that you will need to plan for higher education when he/she is 18, and this might then need to be supplemented 4-5 years later, for post-graduate studies.

This gives you enough time to invest in longer term financial instruments. It also means that the current volatility in the markets makes very little difference – neither will the current rally make a big impact and nor will a short term correction. If you believe in the country’s long term potential, across instruments, you will do fine, so long as you are disciplined in your approach to saving and investing regularly.

Inflation will catch up

Life is unpredictable, and if you delay putting aside money now, you may end up being confronted by some seriously big figures later on. And if you are no longer around to bear this expense, then your spouse will have to shoulder the entire burden. Or worse, your children may have to forego their future plans.

Hence, a suggestion that you plan for your children’s future almost at the same time as you plan to have children, is not too far-fetched!
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