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Smart education investment tips for parents

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Saving for your child’s education gives you control over your investment: You decide how to invest, when to access the money and what to do with it, based on which years of education you are planning for. (Courtesy pic)
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 Education is one of the most valuable investments a parent can make for their child’s future and in Eswatini, where access to quality learning is key to breaking cycles of poverty and unemployment; it’s not just wise, it’s essential. But investing in education isn’t just about paying school fees. It’s about making strategic decisions that maximise a child’s chances of long-term success. Here are five smart education investment tips for families, along with examples and benefits of it.

Start an education savings plan early

Example: Opening an SBS Education Savings Account or a fixed deposit account.

• Benefit: Compounding interest over time grows your investment with minimal risk.

• Why it matters: The earlier you start, the more you can save without pressure. Even saving as little as E200 a month can grow sig¬nificantly over 10 years. This fund becomes a financial cushion for secondary school, university, or even study abroad.

Invest in affordable private Education or quality public schools

Example: Schools like Enjabulweni, Them¬belisha Preparatory and many other repu¬table schools.

• Benefit: Consistent academic support and better learner outcomes.

• Why it matters: Not all schools are created equal. Choosing a school with smaller class¬es, qualified teachers and good pass rates increases your child’s chance of excelling and qualifying for tertiary scholarships later.

Invest in supplementary Learning tools

Example: Buying educational tablets, data bundles for online learning, or subscriptions to learning platforms like Ubongo Kids, YouTube Edu, or Khan Academy.

• Benefit: Enhances learning outside the classroom boosts performance.

• Why it matters: With internet access and a mobile device, your child can access lessons, tutorials, and revision tools at any time especially important when schools close or resources are limited.

Save for tertiary education with A long-term investment vehicle

Example: Unit trusts or fixed deposits specifically allocated for university ex-penses.

• Benefit: A diversified fund grows over time and protects against inflation.

• Why it matters: By the time your child finishes high school, tertiary fees could be double today’s rates. A long-term invest¬ment plan ensures your money grows with time and gives your child more post-high school options.

Pay for educational Insurance or trust funds

• Example: Education savings plans from insurance providers like Liberty Life, FNB, Standard Bank and others.

Benefit: Ensures that your child’s educa¬tion is secure even if you pass away or lose income.

Why it matters: Life is unpredictable. These plans act as a financial safety net, ensuring school fees and educational needs are cov¬ered no matter what.

 

Why investing in Education pays off

• Increased earning potential: Educated individuals have better job prospects and higher income.

• Social mobility: Education breaks gener¬ational poverty and opens doors to global opportunities.

Empowerment: Educated children grow into adults who make informed decisions and contribute meaningfully to their com¬munities.

• Education in the country may come with challenges, but with strategic investments and a forward-thinking mindset, every parent can give their child the foundation for a successful future. 

• Whether it’s savings, quality schooling, or practical training, start where you are, use what you have and plan ahead.

• Have a tip or question about investing in your child’s education? SMS or WhatsApp 7983 8953.

Education is key
Education is key

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Written by
Vumile Mavimbela

Vumile is the Sections and Supplemental Editor, dedicated to creating content that informs, inspires and delivers value to both readers and clients. Overseeing the Food and Lifestyle, Technology Today, Health and Beauty, Church Services, Education and Training, Jobs on Tuesday, and Personal Finance sections, Vumile is passionate about telling stories that educate, celebrate local success and connect audiences with opportunities that matter.

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