You might not want your children to have just a graduate degree to their names. You would want to plan and discuss career options, with post graduation and even further specialisation.

Be that as it may, a few problems mar these plans from being fulfilled:

1. The rise in cost of living
2. The rising costs of education
3. Market volatility
4. Numerous plans that confuse a layman investor
5. Dwindling savings 
6. Attempt to maintain a certain lifestyle.

The cost of good education is increasing every year. If you plan to send your child today to the US or the UK, you would spend approximately $120,000.

The cost of similar courses in Australia or New Zealand is about US $100,000.

Studying at an American University in Dubai or a similar university in the Middle East would cost around US $80,000.

Education at a premier, reputed university could cost US $30,000 in India.

With this cost going up by almost 6 to 8 per cent every year, funding your child's education 10-12 years hence would mean incurring almost double the current cost. This is why you need to take timely investment decision for your child's education.

Also Read: 5 Best Investments for Your Child

There is no guaranteed return on your investment for your child's education. But if you start in time and follow a strict investment discipline, your chances of funding your child's education comfortably would increase.

The important questions you need to ask are: How can I ensure I have provided enough for my child's education?; and Where and how do I invest?