Create a child's education fund with investments like PPF, fixed deposits, mutual funds, and recurring deposits that suit your risk tolerance and timeline.
Stay informed about education-related government schemes and scholarships, research options and criteria, and motivate your child to excel academically for better opportunities.
Regularly review your financial plan, adjusting for changes like income, education costs, or investments, and stay informed about educational institutions and expenses.
Teach your child financial discipline and responsibility by encouraging them to save part of their money, fostering independence and a sense of responsibility.