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Child Education Calculator

By   /   April 29, 2013  /   5 Comments

Child Calci Final

Financial Kundali presents a simple calculator with the help of which you can easily calculate the Future Education Expenses of you child. All you need to do is:

1. Enter Present Course fees.

2. Present Age Of Child.

3. Years after which the money will be required.

Inflation Rate is taken as 10 %. Though you can change the Inflation rate, but it’s recommended to take inflation rate for Education as 10%. Read my article named ” INFLATION & YOU ” to know why!!!!….

 

This calculator also tells how much you need to save per month in order to accumulate the amount for Higher Education after a certain period of time. All you need to do is ENTER Rate of Interest at which the amount will be invested. Default rate is 8.5%. You can change it as per you investment avenue.

 

 

 

Articles Recommended for you:

1. Save tax on school / college fees of your kids.

2. Public Provident Fund

 

www.financialkundali.com

www.financialkundali.com

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About the author

Hi My name is Hari Om Tripathi. I am an engineer by chance & a Personal Financial Planner by choice. Currently residing in Kanpur & writing full time for Financial Kundali. In case you have any query about Personal Financial Planning such a buying a MF or ULIP, going for a life insurance plan or a term plan, to surrender your policy or not or any other questions related to your Personal Financial Planning, write to me at financialkundali@gmail.com

5 Comments

  1. Shikha says:

    Simple and superb. Like it.

  2. Shikha says:

    Already done that. Can you suggest that where to invest the money for my son higher education. Present Age of child is 5 years & money will be needed for his higher education when he will turn 18. Was planning to take HDFC child plan. But read somewhere that it’s a waste of money. Waiting for your reply.

    • @ Shikha: Thanks 🙂 Stay away from any such child plan. Invest In Large cap MF through sip. Child plans are very expensive & you can expect a maximum return of 5-6 %.

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