Future competition between people is increasingly focused on two things: knowledge and capital. The accumulation of knowledge can be accomplished through learning, but the accumulation of capital is not an easy task for many families. Education money is a long-term savings, which is a clever combination of time and capital, so that all children's education funds are under control.
First, parents in the planning of family security, easy to walk into the misunderstanding is that children are vulnerable groups, is the most should be protected, and often ignore the protection of adults.
Second, the sooner the child is starting to plan, the better the age of
. The earlier the child is planning, the better the benefits of time compounding. Without time flexibility and no cost flexibility, it is the two major children's education funds. In the face of the challenge of high tuition fees, the sooner you start, the easier it is to succeed.
Third, financial tools should be biased towards certainty
Children's education Gold financial planning goals focus on having sufficient tuition, so the key lies in asset allocation. When the assets are properly configured, the children's education costs can be assured. Education is a definite need, so it is recommended to use a definitive approach.
Fourth, education gold preparations should be sufficient
First of all, education gold has no time flexibility. Children must go to school when they reach a certain age, and they cannot be postponed because they do not have enough tuition fees.
Second, there is no cost elasticity. The basic tuition fees for each stage are relatively fixed and these fees are the same for each student.
Third, the extra cost gap is large and must be prepared adequately. Children's qualifications are different, and the relevant costs in the entire education process are very different, so it is better to prepare more. The characteristics of this education fund are also very good.
Fourth, the fourth characteristic of education gold is dedicated to special funds. Children's education should set up a special account, just like the personal pension account is used in retirement planning, and the housing provident fund account is used in the purchase planning. Only in this way can the special fund be used exclusively.
Fifth, the long duration of the cycle, the total cost is huge, is also the characteristics of education gold. The continuing education expenditure of children from small to large for nearly 20 years, the total amount may be more than the purchase of housing.
Sixth, the characteristics of education gold and staged high expenditure. For example, college education, an average of 20,000 per child per year, is 80,000 in 4 years. These fees are short in payment and high in payment, and all require advanced financial preparation.
The above points are the characteristics of education gold. When parents choose education funds for their children, they can think about it and combine the actual situation of their families to find an education fund that is more suitable for their children.