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Education is one of the most valuable gifts a parent can give their child. With the rising cost of schooling, college degrees, and overseas education, planning for a child’s education has become more crucial than ever. Education planning ensures that when the time comes, you are financially prepared to support your child’s academic journey without compromising your other financial goals.

The first step in education planning is to estimate future education costs. This includes tuition fees, books, accommodation, travel, and other living expenses. Inflation in the education sector is significantly higher than regular inflation, especially for professional or international courses. A structured savings and investment plan can help you stay ahead of this curve.

Start early. The earlier you begin saving, the more time your investments have to grow. Parents can consider child-focused investment options such as Sukanya Samriddhi Yojana (for a girl child), Public Provident Fund (PPF), mutual funds via SIPs, and child insurance plans. For long-term goals, equity-oriented investments often provide better returns, while debt instruments can be used to balance risk.

It’s also essential to have a contingency plan. Life is uncertain, and having life insurance ensures your child’s education remains uninterrupted even in your absence. Similarly, health insurance helps protect your savings from being derailed due to medical emergencies.

Education planning is not just a financial decision—it’s a commitment to your child’s dreams and future. With a disciplined approach, timely reviews, and the right guidance, you can build a strong financial foundation to support your child through every academic milestone.

Start planning today—because a well-planned education is the pathway to lifelong success.