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EDUCATIONAL PLAN |
A solid educational plan strategy may be one of the most
important investment decision you will ever make and
given the increasing cost of collage education, it is
important to start early.
By investing a fixed amount monthly, your savings will
grow to a sizable amount to meet the rising cost of
education.
While analyzing your children
educational plan, please consider the
following questions:
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At what age do you expect your child go to
collage/university?
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How many years will you child attend
college/university?
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What amount will he/she need per annum to get a
solid education - this amount may include rent for
room and board, daily living expenses, and commute
to college/university?
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What amount can you put into an educational plan
every month in order to setup a solid educational
plan for your child?
Simple
Strategies in Educational Planning
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Start early and take advantage of the compounding
power of money from your investment.
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If you cannot provide 100% of the required amount
for your child's education, then try to provide a
partial amount - this amount will go a long way in
your child's education
specially when combined with a part time job while
he/she attends college/university.
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Involve your child in his/her educational plan and
encourage them to put part of their allowance
into the plan.
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Review the plan with your advisor on a
regular basis making adjustments as needed.
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