How do you save for your child's education?

I want to know what are the ways in which parents here save for their child's education expenses?|||Investing in a child education plan is one of the best ways to save for a child's education. Nowadays many companies are offering child education plans which help in saving for the future cost of education as its constantly on the rise.


However i would suggest that before investing in a child education plan you should be able to first predict how much money you may need in the future for education purpose. This can be done by using the Aviva Educost which allows you to choose from a number of career options over a period of time until your child reaches the age to pursue further studies. Its a good way to predict how much you will need for your kid's education.


Once you know how much you need you can buy the child plan accordingly.





Hope it helps|||Open a bank account in the name of your child and start depositing money in it every month from your salary. When the amount grows big hen invest in Govt. savings scheme|||Initially the amount required towards educational expenses is little,so think of the educational expenditure after ten years and save in that way. What would be the amount required for professional courses.Keep a big share today towards educational expenditure so that you can save in decreasing order in future.|||We get or did get should I say a 拢250 voucher of the government to set up a saving scheme this has now been scrapped I believe. I am not concerned as we found that 2 years in the account had lost more than half of what we added through regular direct debits, at this point we decided to open a savings account for our kids one each so far and another will be opened when #3 arrives. The amount when there 18 will not be huge but Im sure it will please them when the time comes.





For us opening a bank account ensured they will receive every penny but there are share schemes etc that some people find beneficial if you know what you are doing, I think your first decision is how much can you invest regularly? and find an account were you can add more as and when we like to put any birthday/christmas money in they receive also...|||open PPF account in name of your child and deposit some money monthly. after 15 year you can withdraw the money with compound interest. doing this you can save the money for his higher education and you will get the tax benefit also under section 80G of income tax|||After relaxation of insurance laws,there r a lot of insurance options.|||By spending less than I earn. Hardly rocket science.|||Luckily, the only expenses I have is buying a school uniform, and it isn't expensive at all. Further education is free here.





If it wasn't, and my son wanted to go to uni, he'd need to get a job.|||Make them study harder, so they can get better grades in hopes for a scholarship.