Created in partnership with Edukasyon.ph
Education is vital in life, offering invaluable lessons and opening doors to promising futures. Every child deserves access to education, yet financial barriers often hinder this universal right. As parents, we strive to empower our children, encouraging them to pursue their passions and goals. However, the escalating costs of education can be a significant hurdle.
The key question is: how do we ensure our children receive the best possible education? The answer lies in thoughtful educational planning. Educational planning involves strategic preparation for a child's academic journey, considering factors like school choice, curriculum, extracurricular activities, and financial planning for tuition costs. It's about creating a roadmap for your child's educational success, tailored to their unique needs and aspirations. This approach ensures financial readiness and a well-rounded, fulfilling educational experience for your child. Let's explore how effective educational planning can pave the way for your child's bright future.
Instill a priority to education
You want to be able to meet the needs of your child. And good education is one of the most important things you’ll want to invest in. So, as you think about your child’s educational journey, you’ll want them to be just as involved in these decisions by explaining the processes, your reasons behind them, and the benefits of educational planning.
Having your child informed about the importance of education builds a strong habit of discipline for them to achieve their future personal goals. It shows them this is something worth investing in, considering, and so on! It’ll make your child see the value behind this decision, feel grateful about this measure, and at the same time, think closely about their education. Where do I want to go? What learning path is for me? They will start thinking about their education options and student journey.
Set goals and work towards them
The goal at the end of every student’s head isn’t just graduation and a diploma. They have dreams they want to pursue, paths they want to discover, and even careers they have set their minds towards!
Through proper educational planning, it will teach your kids the value of setting goals for the future. With instilling a priority on education, they’ll be even motivated to think about what they want to do with that education, where they want to go, and how they want to achieve it helping make their aspirations a reality.
With all that planning, a goal in sight will help your child want to work hard toward it. In the same way, you have a long-term goal for their education, they also have one too. And as a family, you can work hard together to achieve it. You all have a role to play, after all! You work out the monthly budget for insurance while your child works hard at their studies.
Invest in their future
At the end of the day, this is all we dream of for our children. As parents, we want to give them the best for them to be the best. We want them to succeed in school to succeed in life. We want to allow them to be the person they want to become!
Early educational planning is best started as soon as possible because the more time you have, the more you can grow and set aside a budget. It gives you the confidence to focus on building that education fund, knowing that you are covered with comprehensive protection coverage from unexpected income loss due to critical illness or accident. One such option worth exploring is AXA Philippines’ MyLifeChoice for Education (MLC), which protects your child’s education by providing financial support which can be used for their tuition expenses in case of your untimely demise. On top of its protection benefits, it also comes with investment opportunities that can help you build funds to further support your child’s education.
While you may think educational planning sets things in stone, it’s not that way at all! In the same way it keeps up with yearly inflation and economic uncertainty, it can keep up with the growing needs that come with your child’s education. Their goals and dreams don’t need to be one way—they can be provided with both opportunity and flexibility to take hold of their future.
A step towards their education is their successful career paths, growth and development, and most of all, their journey to becoming fully realized.
