Education Plans – Starting to Plan for your Children’s Education

Education Plans
In the 21st century, knowledge has become the most important asset in an economy and workers who are well educated and technology savvy command the highest salaries and have the lowest unemployment rates.
Starting to plan for Your children’s Education
Planning for your children’s college education should begin when they are born. This provides a term of at least 18 years to ensure an income that can effectively cover future university expenses.
However, the above is not a rule. In general, planning may begin at any time, including one year before your son or daughter enters a university. But the longer the investment time horizon, the greater the likelihood of reaching the planned financial objectives and the more stable the compound rate of return on the investment.
In addition, it is possible to meet unexpected expenses without threatening the budget established for higher education.