Education Costs Soaring? Plan Smartly for Your Child's Future Amidst Inflation

• The cost of higher education, including engineering, medical, and studying abroad, is now in the millions, with expenses rising 8-10% annually.
• Experts recommend starting early investments, ideally from the child's birth, to build a substantial fund over 15-20 years.
• Systematic Investment Plans (SIPs) in mutual funds are suggested as a prime option for inflation-beating returns, alongside child education plans and insurance policies.
• Parents should create a dedicated, goal-oriented fund for education, estimating future fees with inflation to determine required savings.
• Financial discipline and consistent small monthly savings are crucial to accumulate millions for future education without financial stress.