The poor are poor, the rich are rich

Chapter 67 3 When to start investing in education

Chapter 143 When to start investing in education

In the new consumption era, education expenses are included in the "three major items" together with house purchases and car purchases.Especially in the recent survey of "Shanghai Family Education Development Status" jointly released by Shanghai Women's Federation and Shanghai Academy of Social Sciences, the sample data of 986 households in Shanghai showed that among families with children under 18 years old, the average 23.6% of the total income is invested in children's education.This is a lot of money for every family.

The problem is already in front of your eyes. The need for children's education expenses has become the first need for financial management of every newborn family. You who are about to become parents should naturally start to prepare.But when should you start investing in education?

In response to this problem, it was suggested that newlyweds should save money for their children when they first get married.Although financial experts advocate that it is better to invest in children's education sooner rather than later, there is no need to start preparing so early.In fact, children's education is compulsory all the way to junior high school, and the cost is relatively small, so there is no need to prepare so early.When is it more appropriate to start?According to expert advice, the best time is when your child is in elementary school.

1.You can save for your child's education (up to [-]th grade).

2.In the early stages of your child's growth, you can invest your spare money, and you have accumulated some money when your child is in elementary school. At this time, you can use the money to invest for your child.

3.Start investing at this time, until your child completes the 9-year compulsory education, you have already invested for several years, and with a certain amount of accumulation, your child can receive education savings starting from high school.

"Looking for a child to become a dragon and a daughter to become a phoenix" is the wish of every parent, so raising a sufficient amount of education funds for their children has become a top priority for parents.Through the analysis in this section, you will find that, in fact, as long as parents have relevant financial awareness and start investing in education early, this problem can be easily solved.

(End of this chapter)