Child's education is no longer a child's play

I have come across bright kids who excel in studies and are equally good in extracurricular activities. A former colleague's daughter made headlines recently; she is into dance, elocution and debate and even competed in Spain with her dance troupe. My neighbour's son won an international robotics competition from India and flew to California for the finals. I have many other such examples. So far, when we came across parents with young children, we used to factor in the inflation in education and professional courses to create financial plans for them. Now, with aspirations rising and parents' earning capacities increasing, it is not just about education anymore. Budgeting beyond education Planning for a child's education now needs to include a buffer for extracurricular activities, electronics like laptops and phones, as well as birthday parties, private tuitions and school trips. Additionally, ma

This article was originally published on June 15, 2024.