Education Fund
Give your children the opportunities they deserve
Education Savings Fund
That your children have all the tools and opportunities necessary to build a bright future can be achieved by creating an education fund in which you allocate a monthly or annual amount of money to cover estimated expenses for tuition and maintenance of studies of your children.
You can start this savings fund once your children are born or to be more cautious when they are still in the womb.
The main thing is to know the schools and universities that your child can possibly attend, then it is important to know the amount of tuition and estimate monthly expenses (school supplies, food, clothing and housing in the case of higher education).
The design of this savings fund should include a % that covers the possible inflation that may occur in the country, another important aspect is to invest in a financial tool that can generate some kind of growth (return) to the contribution made to have a greater margin of future profit.
Do not lose sight of the possibility of increasing your investment.
An education fund should have specific investment amounts and investment period (you can start with a fund for the first school years and then design another fund for higher education), you should also determine who would be in charge of your child's fund in case you can't do it.
It is very important that this fund be included in the family's financial plan so that it is not forgotten at some point due to debt or lack of budget for it. Having an education fund for your children is the best gift you can give them, because with it you are armoring the opportunity for them to have access to quality education that can guarantee a prosperous professional, financial and personal future.
If you are ready to make one of the best demonstrations of love for your children contact us for advice.
Family First Life & Global Financial Management
Planning and protecting every stage of your life
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