Having children can be a blessing, but they also come with a huge price tag. After buying your own home, buying a good education for your children is usually the second biggest financial commitment you will make.
So, regardless of your financial situation, there are always good reasons why you should plan their school fees payment early. Eighty percent of parents pay their childrens' school fees directly from income. Whether the fees are affordable or not, this is unlikely to be the most efficient way to pay school fees. Whatever your circumstances are, the cost of school fees can be reduced by planning.
Having decided to educate your children independently it is important to take appropriate advice to ensure the continuity of their education.
There are products available that protect school fees payment in the event of accident, sickness or death and parents can also build a reserve fund to draw upon in case of unforeseen financial problems.
Good advice may reduce the cost of education by 50% or more and ensure that your child completes their independent education regardless of a change in circumstances.
If you would like to learn more about Education Fees Planning contact us here.
In order to determine the best solution for you, meet with one of our advisers, who will asses your current situation, or issue that you want addressed, and will construct an effective affordable solution specially tailored to fit your needs.