108) Invest & Expenses for Education Plan

108) Invest & Expenses for Education Plan

Here is an Excel file to track your Education Fund goals. You need to monitor whether your investment for the child's education is on track as per planned. Once you have the Education fund on target, then you monitor the expenses to be on track as well. This is to ensure the Education fund can last as according to your plan.

Remember to have one plan for each child. Do not combine few children education funds into one plan. The tendency will be for the money used for the first child and also use the money reserved for the other children.



The Excel file uses the projected future expenses with a given Inflation to University age. Once you have the future expenses amount, you can start saving as per plan to reach the Education fund required amount.

This is the explanation on the investment and expenses for your each Education Plan.

Age in University - Age when the child enters into the University.
Years in University - Number of years to study the course in the University.
Current Monthly Expenses - Expenses in University right now.
Inflation Rate to University - Inflation rate of University fees and expenses.
Return Rate to University - Rate of Return while saving for education fund.
Inflation Rate during University - Inflation rate of fees and expenses during studying in the University.
Return Rate during University - Rate of Return while studying in University.
Growth Rate to University - Yearly increment of invested amount while saving for education fund.

You can download the Excel file from this link. Download and Save As a new Excel file:

https://drive.google.com/open?id=1JRIeGFk0BxrGIjpOnA9xYIkYwgr0phNL