The cost of education today is becoming increasingly large. Therefore, education funding should be prepared well in advance rather than when a child going to school.
Families who already understand the family expenses and have usually been prepared financial planning education funding since the child was born.
Families who already understand the family expenses and have usually been prepared financial planning education funding since the child was born.
There are a number of stages in preparing the education budget.
In the conduct of investment options, families can invest their own or place them on the investment manager and also combine it with insurance. When used its own investment, the investor requires knowledge of the investment and takes time. When deposited, the family must get the information more widely, both interest rates and banking conditions are concerned. All actions the family must contain risk and should be understood.
Insurance education
When families choose education insurance, it must realize that in addition to paying insurance premiums, the family also invested. Useful insurance premiums to pay for education expenses if the family could no longer pay the mortgage investment. This inability may be due to the insurer the premium can not work or died.
When families take out insurance, family expenditures for education fund savings will be greater. On the other hand, the family does not have a headache thinking about investments that will be done to achieve the desired educational funds. Future risks have been transferred to the family through the payment of insurance premiums. However, insurance is not required if the family know the exact health and uncertainty in the future. Families should know exactly the family's ability to be able to provide the education fund.
As described previously, in preparing this education fund, the family would face the risk, both risk tightening family expenses, investment risks, and risks the fund needs to swell because of the situation. Families must prepare themselves to face these risks by carefully watching the education fund.
- First, determine the child's school. Families should know clearly the desired education for the children and adapted to the child's ability. Family can not force children to attend schools far above the standard value is the child's ability.
- Second, calculate the cost required for the education of children. Families should gather information on the costs required for the education of children. The fee includes tuition, cost of development, recreation fees, cost of books, as well as other costs.Inflation and interest rate
- Third, determine the inflation rate from now until the child goes to school even when the children were educated in the school. The inflation rate can be calculated using the current inflation rate assumption. When inflation is now too small, the estimated inflation rates must be raised. If this year we have 5 percent inflation, the family should raise the inflation rate around 6 percent to 7 percent.The government itself has a corresponding inflation expectations, moderate, and worst. Families also can ask the research institution or agency that issued the inflation, such as the Central Bureau of Statistics or economic experts, in order to get inflation numbers are valid and reliable for estimating the future.
- Fourth, do the calculations to the interest rate applicable in the future. Interest rates are predicted in the future can not be separated from the estimated inflation rate. The interest rate is a reflection of the prevailing inflation rate. Therefore, families must obtain a desired real interest rate the government every year. If the real interest rate that you want the government about 1 percent to 2 percent, as now, the prevailing interest rate is the result of the real interest rate with inflation. When inflation is 7 percent, interest rate of 8 percent to 9 percent.
- Fifth, determine the amount of savings made. When the funds needed have been determined and the amount of time to get to school children, the family can determine the amount of savings each month. For example, families need a fund of Rp 75 million, of which these funds are needed the next five years or 60 months, then the funds should be set aside from the family monthly income of Rp 1.25 million. That is, funds amounting to Rp 1.25 million savings is kept under the pillow, have not been bred through investment. When families make an investment, funds set aside will be smaller and very good when longer investing.
In the conduct of investment options, families can invest their own or place them on the investment manager and also combine it with insurance. When used its own investment, the investor requires knowledge of the investment and takes time. When deposited, the family must get the information more widely, both interest rates and banking conditions are concerned. All actions the family must contain risk and should be understood.
Insurance education
When families choose education insurance, it must realize that in addition to paying insurance premiums, the family also invested. Useful insurance premiums to pay for education expenses if the family could no longer pay the mortgage investment. This inability may be due to the insurer the premium can not work or died.
When families take out insurance, family expenditures for education fund savings will be greater. On the other hand, the family does not have a headache thinking about investments that will be done to achieve the desired educational funds. Future risks have been transferred to the family through the payment of insurance premiums. However, insurance is not required if the family know the exact health and uncertainty in the future. Families should know exactly the family's ability to be able to provide the education fund.
As described previously, in preparing this education fund, the family would face the risk, both risk tightening family expenses, investment risks, and risks the fund needs to swell because of the situation. Families must prepare themselves to face these risks by carefully watching the education fund.
thanks for da info :)
ReplyDelete