Need advice on financial planning for my kids education.
I have two children — one is 6 years old and the other is 2. My spouse and I are working. I’m looking to understand how much we should be saving to support their higher education.
As of now, I’m considering the possibility of sending one of them abroad for higher studies, and encouraging the other to pursue medicine — depending on their interests as they grow. These plans may evolve over time, but I’d like to get a general idea of the corpus we should aim for.
Need help or inputs on estimating the total approx. amount we might need, and guidance on how to start building that corpus from now.
Talking product sense with Ridhi
9 min AI interview5 questions
Which one is the girl child? Elder one or the younger? And who do you think would love to pursue mbbs and who do you think would like to do ms or mba abroad after the graduation? And what's the surplus amount you have to allocate for investing every month?
Elder one is girl child. And preferring her to pursue mbbs.I have surplus 75k ( from both me and my husband's salary). My younger boy, I prefer any course MS or MBA abroad.
Elder one is girl child and preferring her to pursue mbbs. I have surplus 75k ( from both me and my husband's salary). My younger boy I prefer any course MS or MBA..abroad..
I am already saving 1.2 L yearly on sukanya samriddhi scheme.