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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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