A five-step plan to help you invest in your child’s education.
SAMPLE THIS. According to a 2015 Assocham Social Development Foundation survey, the cost of private school education in India has risen by a whopping 150 per cent in the last 10 years. While professional education has also become expensive, education inflation is spiking steadily, at the rate of over 10 per cent every year.
Speaking to 1,000 parents across 10 cities, with kids ages four to 12, a 2015 Nielsen survey found that children’s education was the top financial priority for 83 per cent of surveyed parents. According to the Assocham poll, over 70 per cent of parents spend 30–40 per cent of their take-home pay on kids’ education. Planning in advance makes it less daunting. It’s all about being prepared, so follow these steps and ease your worries:
1. Set your goal
Have a concrete plan to prepare for your child’s future. Tell yourself, “I have to save for my daughter’s law degree.” Consider the time horizon: While planning you will know when the cash will be required.
2. Determine the cost
Denne historien er fra May 2017-utgaven av Reader's Digest India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 2017-utgaven av Reader's Digest India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
From the King's Table to Street Food: A Food History of Delhi
Pushpesh Pant, one of India’s pre-eminent food writers, is back with a comprehensive food history of the capital.
Who Wants Coffee?
It’s bitter—but beloved around the world
Prevent The Pain Of Shingles
You don't have to suffer, as long as you take two important steps
The Best And Worst Diets For Your Heart
Dozens of diets are touted as ‘best’, but it’s easy to lose track of the fact that healthy eating needs to be about overall wellness, not just weight loss.
ME & MY SHELF
Journalist Sopan Joshi has worked in a science and environment framework for nearly three decades. His book Mangifera indica: A Biography of the Mango (Aleph Book Company) synthesizes the sensory appeal of India's favourite fruit with its elaborate cultural roots and natural history. He writes in English and Hindi.
SWITCHED
In 1962, nurses at a small Canadian hospital sent home two women with the wrong babies. Then, 50 years later, their children discovered the shocking mistake.
ECHOES OF THE PAST
A VISIT TO THE ANCIENT BARABAR CAVES IN BIHAR REVEALS A SURPRISING CONNECTION TO A LITERARY CLASSIC
Fathers of the Bride
A young woman finds a unique way to honour the many men who helped her survive her childhood
Fiction's Foresight
British-Bangladeshi author Manzu Islam's works reveal startling parallels to recent political upheavals in Bangladesh, begging the question: Besides helping us make sense of our world, can stories also offer a glimpse into the future?
It Happens ONLY IN INDIA
The Divine Defence Picture this: A tractor in Rajasthan‘s Banswara district,a group of loan agents closing in to seize it and the defaulting farmer and his family standing by.
