BQPortfolio: Sharang Raut Needs Rs 1,00,00,000 To Fund His MBA. How Should He Plan To Save?
Rising education costs are forcing more couples to start saving even before their children are born.
BQPortfolio speaks to citizens from across India about their financial goals and helps them access expert advice on how to achieve them.
Increasingly, young couples are starting to save for their child’s education even before they think of having one. And that’s a difficult prospect, because how can one know whether to save so that the child can study to become an astrophysicist when the child may want to become a sportsperson or a painter?
The rising cost of education means that parents can no longer take it as it comes.
Sharang Raut, a resident of Mumbai, wants to fund his own education. The 25-year-old estimates that he’ll need Rs 1 crore to pursue an MBA in the U.S. or the U.K. But should he plan to save that amount?
On this episode of BQPortfolio, Kartik Jhaveri, director at Transcend Consulting, helps Raut to chart a plan as well as explains the need to save well in advance for education.
Watch the full episode to know more:
