If you have children or are thinking about having them, then this article is for you. Well, from now on you should start thinking about their studies, since a quality education will allow them to have greater opportunities to choose their future, it will make it easier for them to have the essential tools to be successful professionally and, ultimately, it will give them a better lifestyle.
While it is true, one of the main concerns of parents is to ensure the education of their children. And it is no secret that higher education is one of the most expensive.
According to Dane figures, in the last nine years the cost of a semester of university has increased close to 20 percent, which has thousands of families paying an average of 9 million pesos for each of those study periods.
For this reason, personal finance experts recommend planning your savings in advance, preferably from when your children are young. Without a doubt, it is easier to 100 percent enhance the capabilities of a young person who will enter university to study the career of their choice; which is sometimes not possible if you do not have the financial resources and you have to settle for the institution that the parents can afford.
On the other hand, one of the options offered in the country, to plan university studies, are educational insurance, they are one of the best alternatives that exist on the market.
Currently, these policies offer greater payment flexibility, although most of the time this depends on the age of the beneficiary. Since, the younger you are at the time of taking it, said payment can be deferred in several installments. Companies also offer other plans in which several family members can make contributions or even in which payment is made in a single installment and only once.
In the insurance industry, there is also life insurance for educational purposes. For example, there are policies that They have a programmed savings component for free use, which in this particular case would be for children's education.
Banks have also understood that, when it comes to ensuring the future of their children, families must be given access to credit under conditions that facilitate the fulfillment of that objective.
In short, there are different options on the market to save and protect the future of your loved ones, you just have to make the decision and choose the best option for you and your family.
