The education is the best gift the parents can give to their Children. As the saying goes “One should not give money to their children for their expenses rather teach them the skill to earn money and become independent”. The skill one gets is from the education and learning
Thus education is the primary aspect of financial planning. Education is one of the best investments by the parents in the present for the future of their children.
The higher education cost has also shoot up in some last 10 years. It is expected that it should be scaling higher in the coming years.
So one should be planning in advance for this Important goal.