Money Saving Strategies For Children Education

  1. Savings Conventional

How to deposit these funds include popular among people, especially those who do not want complicated. Lots of savings products that can be selected with the excess that is quite tempting. For example, interest and health insurance facilities. In some savings banks are also facilities for your child. So it will inspire you to be more active to set aside some of the money income.

In addition to easier, saving is considered to provide certainty, security and may be withdrawn at any time needed. You just discipline yourself to set aside some money into savings. The principle of saving indeed it is a “little-by-little too long so the hill”. Disadvantages of this investment is the activity stops when you die. There is no guarantee that money for education savings will grow, for more information you can visit


  1. Education Savings

These savings provide life insurance facilities, so if you have no permanent education fund target will be achieved. In addition to life insurance facilities, these savings also have interest tease facilities and health insurance facilities with an additional fee. Usually education savings accounts often be derived from your personal account at the same bank and auto-debit system. You simply open an education savings in banks that have such facilities and carry ID cards, book your savings, plus the baby’s birth certificate.

For example, you plan to save $ 1 million per month for a child’s education savings. So every month the bank will automatically deduct $ 1 million from your private account to put a child’s education savings account until the period of time you’ve specified. If you die, the bank will use life insurance to cover all unpaid installment savings.

Oh yes, what if you are not able to repay these savings because there are economic problems? Quiet, usually the money you’ve credit during this time to re-enter your primary savings. Of course, with a number of pieces for the administration.

  1. Insurance Education

Many think that an education savings and insurance are the same education. That thought was not entirely wrong, because at first glance is the same even though there are some significant differences.

difference education and education savings insurance:

  1. Education insurance issued by an insurance company, while the education savings issued by the bank.
  2. Although the premium paid has been completed, a new educational insurance can be disbursed if the maturity or you die, while education savings can be withdrawn when you finish saving obligation or no longer able to pay the mortgage.
  3. Pieces to withdraw funds prematurely insurance education is greater than education savings.
  4. Despite the gains or reciprocal insurance greater education, the process is more complicated than an education savings.

For example, you take out insurance with a premium education for 15 years, assuming the insurance will be liquid three times that when your children complete primary school, junior high school graduation and college entrance. Well beyond the three things, that insurance will not be liquid, except when you die.

  1. Mutual Fund Investing

For the novice about investing, you can try to do small-scale investments by mutual funds that small risk but the benefits passable.

Of all mutual funds, you might try a conventional mutual fund-type mixture that is invested into various investment funds either high or low risk for example to bonds, deposits and shares. You benefit from the long investment of three to five years. This product will help you prepare for the baby’s education fund.