All your gifts to your child need not be materialistic

The most expensive gift you can give your child is that of a good education. Taking a child education plan can help you do this.

As parents, we shower our children with gifts. We get them expensive clothes, toys, books and education material even before they ask for it. If a new electronic gadget catches their fancy, we buy it for them on our way home from work. We keep telling ourselves, “I am spending on my beloved child. Who else do I work so hard for?”

But as your child grows up and begins school life, you are faced with umpteen education-related expenses. School tuition fees, transport fees, extra-curricular activities, projects, class trips and so many other expenses demand your attention. You spare money for everything lovingly – but at the back of your mind, you are slightly uneasy about the future. If school education is so expensive, you wonder, how much will higher education cost?

It is not necessary to spend less on your children – on the contrary, the best gift a parent can bestow on the child is the gift of a good education. Often, a sound basis in learning separates one child from another. The access to educational opportunities that you provide will form the foundation of your child’s future.

However, you need to help yourself in the process, too – as your child grows up, you are also ageing. Though your income may grow every year, so do the household expenses. Apart from your child’s education, you must also pay daily living costs, save for your own retirement, set aside funds for emergency medical expenses, and so on. How will you pay for your child’s education in the midst of this, without compromising on some other expense head?

Many parents are forced to dip into their savings or take a loan to fund their children’s further education. Instead, they can easily circumvent this situation by taking an excellent investment plan for the child – known as child education plan. The best child plan in India offers a large sum of money for the child’s future education. It takes the pressure off the parents who wish to help their children achieve their educational goals, without causing debt. It helps the child secure his future dreams and achieve all his ambitions.

The best child plan will provide for a large corpus for the child when he or she reaches the age of higher education. The money can be used to fund a course in a foreign university, or even as seed money for start-up that your child wants to initiate while still studying. The point is that the money is a useful addition to your efforts in providing the best education for your child.