chat
Ask Fund Manager
Sending

Save for your Child’s Future
April 3, 2018 Posted By MCB - Arif Habib

As a parent you want to give your children the absolute best when it comes to their future. You go above and beyond to plan for their life and spend a huge amount of money on their upbringing. But have you started to save for your child’d higher education? What if your child wants to pursue an education abroad or in an elite university?

While parents are busy with the nurturing stage of their child, they often neglect to see the big picture! They make the grave error of saving for their children’s higher education a year before they reach university age. In fact, given the increasing costs of education, it’s vital to start saving as early as possible to avoid any last minute stress or burden.

When it comes to your children, the best gift you can give them is a “Quality Education”.

A Quality education equips your child with necessary skills and prepares them to face the challenges of life head-on!

TIME IS YOUR GREATEST ALLY!

The value of saving early cannot be stressed enough. With the increasing cost of education in Pakistan and abroad, it’s of immense importance that you start planning for your child’s higher education from an early age so you can meet those future expenses in time and with ease.

Take a look at the following example:

The cost of graduation today is 15 lakh and it is bound to increase to 48 lakh after 15 years, which is awful lot of money and a major hurdle towards your child’s educational excellence!

That may seem like a huge goal but the best way to achieve it is by investing regularly. Investing in your child’s education requires a planning and regular systematic savings. As you can see from the picture above, a mere 5 year delay can cost you a fortune as you’ll have to shell out 56% more than the amount required today.

IT IS NEVER TOO EARLY TO START

The earlier you start investing for your child’s education; the better your financial situation will be down the line. Ultimately investing early will bring you peace of mind that when your child is ready for university, you won’t have to deal with the stress of spending such a large amount since you’ve already saved up for it.

Take a life-changing step for your child!

So what are you waiting for? Take the step today that will secure your child’s future in the longer run.

Share
FacebookTwitterGoogle+LinkedIn