How to invest in your children’s university (and future): 4 floors, from kindergarten to London school
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How much can you spend on your children’s education? Up to 700 thousand euros
To guarantee an adequate educational and training path for your children, it is now essential to get organized in time. The costs of a child’s long educational journey, from nursery school to university, are not to be overlooked. According to a study conducted by Moneyfarm, expenses can range from a minimum of 53,000 euros to a maximum of 700,000 euros (see table). And it is precisely for this reason that correct financial planning cannot be disregarded which, starting from an analysis of the financial situation, more or less recurring income and expenses, accumulated savings and existing investments, allows one to define one’s objectives and the most appropriate financial instruments to achieve them.
In an increasingly competitive world, it is becoming crucial for families to invest in their children’s education, associating the learning of more traditional knowledge with the so-called soft skills, or transversal socio-relational skills whose costs, in many cases, become prohibitive – he comments Davide Cominardi, investment consultant manager of Moneyfarm —. To meet this expense, families can resort to shrewd and timely financial planning, which in the long run can guarantee their child a solid education, without excessive financial stress.
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– How much does the education of children cost? Up to 700 thousand euros, the accounts to be done
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