We hurried off to the station. After dropping our daughter off at her college and helping her move in to her hostel room, it was time for my husband and me to leave.
Getting into a college of choice is a big milestone in the life of a child. At the same time letting go off your child is a strange experience, a little sad too for the parents. The thought that an ‘Empty nest’ awaits you can be upsetting. I prepared myself for quieter days ahead, with no nagging about food, sleeping late, clothes, cleaning, etc.
After exchanging goodbye, we got on to the train, and in a while the train chugged out of the station. On my way back the memories of the day, when she first went to school swarmed through my mind. It seemed like it was only yesterday that we dropped our little girl to school for the first time. Fourteen years had elapsed in between. The little girl was now soon to be a young adult, rejoicing in her new-found freedom in the college, 2000 kms from home.
Years seem to have passed by in a jiffy! Suddenly, I felt a sense of immense satisfaction of having discharged a big duty towards the child.
The education scenario has changed drastically in the last two decades when higher education in India was mostly limited to the government owned institutions. With private institutions coming into play, several avenues and possibilities for different career options have emerged. Children these days also have a strong point of view of what they want to do in life. They are not content simply to follow the footsteps of their parents.
Yet, with the plethora of choice available, you, as a parent would need to do a thorough study to identify the options which best suit the ability, aptitude and interest of your child. Most importantly, besides being emotionally prepared, you would also need to be financially prepared to be able to meet the children’s aspirations and support their choice of education.
Right saving choices will help you to align your financial goals with the aspirations of your children. The key is to start early, estimate the future cost of education, and save consistently to enable your children to be future ready.
In the words of UNICEF
Every child has a right to an education which develops their personality, talents and abilities to the fullest.
So, are you ready to help your child explore different career choices?
This post is a part of #DoYourHomework campaign for creating investor awareness.
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