1 year ago
Expert Shares Financial Tips for Education Abroad
Many parents dream of sending their kids to study abroad, but it's expensive.
Mayuresh Kini says to start saving early, like when your child is in 8th or 9th grade, to give your money time to grow.
He suggests using special savings plans and saving in different currencies to protect against currency changes.
It's also important to invest wisely, using mutual funds and ETFs, keeping in mind how close your child is to college.
Get help from a financial expert to plan the best way to save and invest for your child's education abroad, ensuring a smooth financial journey.
Start financial planning early to leverage the power of compounding.
Consider dedicated education-focused savings plans that offer tax benefits and flexible withdrawal options.
Saving in global currencies helps mitigate risks associated with fluctuating exchange rates.
Invest to grow the education fund and beat inflation using mutual funds and ETFs.
Align investments with the child’s education timeline, favoring high-growth equities early on.
- Who
- Mayuresh Kini, Co-founder and CFO of Zinc Money, offers financial planning tips.
- What
- Financial planning tips for parents looking to fund their children's education abroad.
- Where
- N/A
- When
- Parents should start financial planning for education abroad as early as their child’s grade 8 or 9.
- Why
- To help parents navigate the significant financial challenges of rising tuition, living costs, and fluctuating exchange rates.
Key facts
- Expert
- Mayuresh Kini, Co-founder and CFO of Zinc Money
- Recommended Planning Start
- Starting as early as grade 8 or 9
- Currencies to Consider
- USD, GBP, or EUR
- Investment Options
- Mutual funds, ETFs, and commodity ETFs
- Investment Strategy
- High-growth equities (10+ years), stable investments (less than 5 years)
