Raising children is about providing clothing, food, and shelter, and provision for their future. In this case, parents need to plan their children's education from early to anticipate the tuition fees that increase from time to time. 

Why should you prepare in advance? As we all know, the living cost continues to increase from time to time, including the cost of children's education. Moreover, the Central Statistics Agency (BPS) revealed that the education cost increases by 10-15% every year, making  it as one of the highest inflation rates in Indonesia.

That way, it possible that in the next 10 or 20 years, the education cost will double from now. If education planning is not carried out since early, the school and tuition fees will become more and more expensive that you can’t afford.

In fact, there are no parents, including you, who don't want their children to be successful. A good education is one way to achieve it.

That's why you need to prepare education funds from early to make it easier for your child's future. You certainly want to equip your little one with the best education, right?

The following are the steps that must be taken in planning a child's education, from preparing school fees to tuition fees later:

1. Manage Monthly Finance

You can start planning your child's education by managing monthly finances from income to expenses. All things related to finances must be recorded to see what expenses are from the most to the least important. From here, you can easily find out what needs can be diverted for education funds. On the bright side, this plan can save you from unnecessary consumer spending.


2. Calculating Tuition Fees
To find out how much rupiah can be set aside for planning an education fund, you have to estimate how much education costs will be required. This step can be started by choosing a school and knowing how much you have to pay, from tuition fees, and other fees. With your information, you can estimate how long it will take to reach that amount according to your financial capabilities. Don't forget to input inflation that will occur in the future as part of your calculations.
3. Consistent Saving
Setting aside income on a regular basis is something that is not negotiable in the planning of children's education. You have to get used to setting aside at the beginning of payday instead of waiting for the end of the month when the money has been spent. This is to maintain the consistency that you regularly save the same amount every month, instead of waiting for the remaining money that is uncertain. That way, how much education costs saved will be achieved as expected.
4. Looking for Additional Income
When the income or salary you receive every month still feels less to save, it never hurts to look for additional income so that you don't tighten your belt too much for planning your child's education. If you have free time, you can work part-time between your regular work or you can do trade. There's nothing wrong with taking advantage of hobbies to make more money.
5. Buy Education Insurance
Given that educational planning is a long-term financial plan, you must ensure that no risks in life can trip it up in the future. That's why you need to buy education insurance as protection against any risks that make you unable to fulfill your child's education plan, such as accident,illness that makes you have to be hospitalized, and even death. You can take care of your child's education planning by having education insurance, from school fees to college fees. This is like providing a red carpet for children to go into their future. Sun Life Indonesia provides various protections that you can consider as part of your child's educational planning. Don't delay, click the following link to prepare your child's education from early before things get more expensive and unaffordable.