Education planning is the process of understanding your children’s specific educational needs from a cost perspective, and then making provision to ensure that you have funds to pay for that education.
Education planning tends to focus on saving enough money to provide for education, but may extend to ensuring that you have funds to educate your children should you die prematurely or become disabled.
As a parent, it’s natural to have expectations of your children. You spend a large part of your life nurturing and guiding them, teaching them your values and principles. You want them to grow up to be well-rounded individuals … to achieve happiness and to succeed in life.
In turn, your children have expectations of you. They not only expect your unconditional love and support, they also expect you to make provision for their future … to make sure that their chance of a successful tomorrow will not be at risk if anything happens to you. And their best hope of achieving their dreams is by enjoying the benefits of a good education.
Take a look at some frightening statistics:
An astronaut, a teacher, a fireman, a doctor... Children dream of what they would like to become when they've grown up. Help them by providing the best opportunities with which to achieve them.
To do this you need to know how much to save, coupled with how long you have to save (estimated timeline).
Use either one of the following smart tools - the Education Calculator from Old Mutual or from Liberty to establish the amount. It may be equal to or more than what you have available to invest.
Our professional team of experienced and qualified specialists are here to assist you with solutions for your specific needs.
Let AMBITON help you provide only the best for your children.
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