Two weeks ago, I was able to attend a stress-free day treat to Moms with talks on self-care and money management. Honestly, during that time, I came into a realisation about balancing your life so you can plan ahead for your future and your kids the right way.
SECURE AND PREPARE THE FUTURE OF YOUR KIDS
While we can always work on money and interest, we can never get back time that's why it is imperative to really plan ahead. This is what I have learned why we have to secure and prepare for the future of our kids. That's why it is imperative to put in mind that Time, Money and Interest are the 3 most important factors in building our child's future.
WHY YOU SHOULD START AN EDUCATION FUND FOR YOUR CHILD
My daughter Tammy, already has an existing educational plan but after seeing a chart prediction of tuition fees, I realise that by the time that my daughter will be in college, chances are parang kukulangin pa yung current educational fund nya. With that in mind, it made me re-evaluaste on getting her another education fund.
Does your child have an education fund already? Believe me, it would help you face the future more confidently if you will establish one for your child as early as now. Here's a quick run through guide on how you can establish an education fund:
1. Identify possible schools
Check on which possible schools your child will likely attend and list down courses he/ she would take so you may also look into tuition fees
2. Estimate costs
With the sky rocket of increase in tuition fees, this would give you a rough estimate or idea of what you should prepare for in the future.
3. List down investment options
There is mutual fund available in the market and there is a pre-need plan such as an education plan.
4. Speak to a reliable financial advisor.
They will be able to help you understand what you need and help you most.
Remember, time is always our ally In setting up an college fund. The earlier you start, it gives you more chances in making your funds grow. But you need not worry if you haven't started a fund yet, coz' it’s never too late to make a fresh start.
Did you like what you read?
Xoxo, 💋
Jaimie
xx THE MERMAID IN STILETTOS xx
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