7 Essential Elements to ensure the investments to meet your child's higher education need
The phenomenal rise in higher education expenditure has forced everyone to pull up their socks to prepare for this liability well in advance. Being forced to compromise on your child's education because of financial trouble puts parents in a very tight spot indeed. Consequently, they prepare for most of their earning life to build out a pool of funds that they can withdraw from, despite financial adversity. However, this might or might not be enough for when the admission season rolls in. We shall be discussing here, how to avert this situation. When dealing with long-term financial goals, the most important aspect is to identify/ recognize and bridge gaps developed during the course of this journey. The pool of funds is not created just for the sake of achieving the fund value but also to ensure financial adequacy to meet the goal. To achieve this, we need to ensure the following 7- essentials. 1. Fund Size – Never go by intuition...