Higher education can be expensive, so it’s important to start saving early. When you begin early, you can grow your money slowly over time by investing small amounts regularly.
To plan well, think about things like the current cost of education, how prices will rise (inflation), your child’s age now, and when they will go to college. This will help you figure out how much you’ll need.
Since this is a long-term goal (more than 7–10 years away), you can invest mostly in equity funds, which have the potential to grow more over time.